2nd Phase of Banks’ Productivity Control in January

The second phase of the project to assess the productivity of Iranian banks will start in January, the head of the National Iranian Productivity Organization announced.

“Management of the cycle of productivity is being assessed in Bank Pasargad Iran, but to do it completely and properly, we are going to need more time than it was initially planned for the first phase ending Dec. 21, while we have the same issue in other projects,” Roya Tabatabaei also told IBENA on Tuesday.

She hoped that as the project resumes in the coming winter, the organization will be able to continue its productivity assessment project, preferably in Bank Pasargad.

A few months ago, the official had announced that 30 major enterprises, including banks, have been targeted to achieve full efficiency while two banks (that were not named) have entered the process.

According to Tabatabaei, a few banks like Bank Pasargad have been making preparations for their productivity assessment, but implementing a new system for them has hit roadblocks.

“Bank Pasargad is interested in taking measures regarding reduction of its non-performing loans and in line with that, the bank is consulting our organization’s experts in Amir Kabir University,” she said.