Banking strategies and policies document was announced

According to monetary news, the Ministry of Economic Affairs and Finance, as the largest shareholder of state-owned banks, announced the macro 26-point policies by unveiling the document “Strategies and Policies of the Banking Sector”.

According to the first paragraph of this document, any investment of a credit institution in the field of gold, coins, real estate, including land purchase, purchase and construction of commercial, office, residential and shopping centers in other ways than the acquisition for the purpose of liquidation of facilities granted, including direct by the institution Credit or indirect through affiliated units of the credit institution is prohibited.

It is mentioned in another paragraph of this document; In order to increase economic growth, the credit institution is obliged to submit the credit management policy of 1401 approved by the board of directors to the Ministry within one month from the date of notification of this strategy. The credit guidance policy should be formulated and implemented in such a way that the major credits of the credit institution to the projects with technical, economic, financial and environmental justification, with a priority of more than 80% physical progress and with emphasis on knowledge-based sectors, strategic products and employment and export development. Be allocated.

In order to make optimal use of allocated resources and in order to manage resources and expenditures and direct resources to profitable and value-creating activities, the credit institution is obliged to implement appropriate procedures in such a way that at the end of each year, the ratio of facilities granted to the balance of deposits The institution must be at least 75%.

In another part of this document, with emphasis on increasing the share and role of knowledge-based firms and companies, it is stated; In accordance with the Law on Protection of Knowledge-Based Companies and Institutions and Commercialization of Innovations and Inventions and Strengthening Knowledge-Based and Creative Companies in All Provinces, the credit institution is obliged And by ensuring the return of the principal and interest of the granted credit and with full supervision over the manner and place of using the credit and observing the ratio of resources and expenditures, to grant facilities to knowledge-based companies and institutions.

Here are some of the most important policies:

1. State-owned banks were required to sell their surplus assets. These banks must submit their detailed plans for the sale of surplus property to the ministry within the next month.

۲. State-owned banks must mobilize their surplus branches. These banks should reduce their branches by 3% by the end of the year and should adjust about 6% of their branches by the end of the third year.

3. According to the table, state-owned banks were required to increase their foreign exchange by more than 60% in four years.

4. According to the new policy of the Ministry of Economy, state-owned banks should be out of operating losses by the end of 1401, and profitable banks should increase their profits by 4% of the bank’s assets.

5. State-owned banks must absent the process of granting loans up to 200 million tomans.

6. Banks were required to provide customers with an electronic version of the facility contract with an installment schedule.

7. Banks are required to publish the information of bank debtors of more than 100 billion Tomans in each chapter along with additional information.

8. The banks were obliged to return all the excess interest received to the borrowers’ facilities.

9. Banks have until the end of this year to reduce the amount of their non-current receivables from the facilities granted and submit their plans to the Ministry of Economy to implement this task within the next month.

10. State-owned banks must launch their database within three months.

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