Banks’ Surplus Assets Fall Out of Favor

While the government insists on lenders to get rid of their surplus properties, it seems that this is better said than done.

Financial Tribune- The primary problem is that in most, if not all, cases there are no buyers or the potential buyers can’t afford the (high) prices demanded by banks whose lending and other policies have been under mounting criticism for years seemingly to no avail.
In one case, Bank Melli Iran, the largest state-owned lender, said it could not find any buyer for its excess property worth 59 trillion rials ($504 million), in spite of the fact that it had upheld all legal formalities, including issuing relevant notices in popular print media and holding auctions.

Publish Date: Aug 25, 2019