Plan to Shed Surplus Assets of Banks Worth $1.3Billion

Economy Minister Farhad Dejpasand unveiled an online system that tracks surplus assets owned by banks and credit institutions.

Financial Tribune- The mechanism logs data on 18 banks, both private and state-owned, with the aim to improve transparency about the value of assets and inform public opinion about the details.
“This is a practical step toward unlocking banks’ resources, which in turn should boost their lending capacity,” Dejpasand told a special ceremony attended by senior bankers, IBENA reported.
The system functions as a venue through which lenders put their properties on sale and potential buyers come forward.

Publish Date: Dec 2, 2019