Banks’ policy package is enforceable

According to the Iran Economist, the 13th government has been emphasizing on reforming the banking system since the beginning of its activity last year, and the most important step in this regard was to publish the list of super debtors and financial statements of state-owned banks, which was done without any consideration.
Another important action of the Ministry of Economy in recent days is the development of a package of banking strategies and policies, which was unveiled on May 30 by the Minister of Economic Affairs and Finance in the presence of 13 state-owned banks.
This package was unveiled in order to achieve the country’s economic goals and correct the problems of banks and improve services to the people and economic activists; An issue that has been neglected in the last decade and in the previous government.
The most important tasks in the banking sector policies and strategies package can be the sale of non-bank shares and surplus real estate, the ban on investment in gold, coins, real estate by the bank, the collection of branches, a 20% increase in foreign exchange by the end of this year, exit He mentioned the loss-making operations, lending up to 200 million Tomans in absentia, collection of receivables, publication of debtors’ information in each chapter, and prohibition of granting facilities without accreditation.
In this regard, “Reza Dolatabadi”, CEO of Bank Mellat, in a conversation with the Iran Economist about the package of banking strategies and policies, said: “This document is a forward-looking move and can be implemented.”
He added: “This package is designed in line with the policies of the President and the Ministry of Economy to implement a transparency approach.”
Referring to the imbalance of banks, Dolatabadi said: “The imbalance of banks is an important issue that is influenced by external and internal factors, and both of these issues have been considered in the designed package.”
Regarding the implementation of the banks’ policy package, the CEO of Bank Mellat also said: “Some of the upstream rules and the rules and regulations that are imposed on banks, if they are in line with the policy package, many considerations will be resolved.”
He added: “Of course, the Minister of Economy emphasized in his speeches that alignment and compliance with the upstream documents is on the agenda and there are no concerns for implementation.”
Regarding the task of banks regarding the sale of banks’ surplus assets and assets, the CEO of Bank Mellat said: “We are constantly announcing all our surplus assets and assets that are not banking and we do not need them.”
He added: “Unfortunately, in some cases, this property may be limited to sales due to market conditions or the size of the property, but according to the policies and strategies of banks, our task becomes heavier and we must continuously follow the sale of property according to the plan we offer.” do.