Karafarin Bank; as the effective sample in

Baharvandi; Bank’s managing director said: following the procedural unity vote, our bank as the first has decided not to own any manufacturing factory because of its overdue banking debts.

Highest position of Karafarin Bank added: it should be emphasized that prior to the issued statement of vote in alignment with procedural unity, our legal department has put this view in the agenda.
He also added: the bank has started
According to the bank’s annual general meeting in June 2020 (Tir 1399) and the statement of procedural unity vote issued by Iran’s Justice Administrative Court, this procedure has continued. In continuation to the previous method and in order to collect debts, the bank has decided to negotiate with main debtors.
Pointing to the debts which were previously assigned, Baharvandi added: because of the previous acceptable procedures of debt collection, CBI’s Oversight Committee has selected Karafarin Bank as an efficient model.
Supporting entrepreneurship businesses, Managing Director of Karafarin Bank insisted on maximum cooperation with manufacturing factories in order to prevent losses of factories and their workers.

Publish Date: May 28, 2022