25 Bank Melli Subsidiaries on Divestment List

Bank Melli Iran, the biggest lender, has released an inventory of 25 properties it owns to be divested in the fiscal year ending March 2023. 
The main state lender, long under pressure from the businesses community and economic experts, says it is in the process of ending non-banking activities, concentrate on banking operations and bolster lending capacity. 
As for the method of divestment, the BMI said it plans to divest stakes in listed companies via the stock market. For unlisted companies, the banks says it plans to hold auctions. 
However, the bank did not succeed in selling shares via the bourse nor other ways in the last fiscal year (ended March 20), apparently due to the decline in the stock market.