Development of Bank Shahr’s real estate fund using capital market capacities
According to the financial news report, quoted by Shahr Bank public relations, Seyed Mohammad Mahdi Ahmadi, CEO of Shahr Bank, in the press conference of the underwriting of the country’s real estate investment fund with the symbol “Amin Shahr 1st”, which was attended by Majid Eshghi, head of the Securities and Exchange Organization, Alireza Nasserpour. The Vice Chairman of the Board of Directors of the Stock Exchange and Securities Organization and Mohammad Ali Shirazi, the CEO of the Stock Exchange, emphasized: We have put an all-out effort to remove non-productive assets from the bank’s financial statements.
Stating that the real estate fund will be developed with the support of the Securities and Exchange Organization, Ahmadi clarified: Obtaining the license of “Amin Shahr Ikem” fund took about a year, because due to the high public trust in the Securities and Exchange Organization Assets; Officials paid special attention and strictness to the establishment of this fund.
Referring to the underwriting of the country’s real estate investment fund with the symbol “Amin Shahr Ikem”, he continued: The property accepted in this fund has no objections and has a fire permit, a six-page document and is segregated.
The CEO of Shahr Bank further said: We have introduced six other properties with the mentioned features to the Securities and Exchange Organization and we expect necessary cooperation to be done in order to accept these properties because real estate funds are the only way to generate and clarify financial statements. .
Eshghi: Issuance of real estate fund licenses is speeding up
In this meeting, the head of the Securities and Exchange Organization stated that the issuance of real estate fund licenses is speeding up, and stated: Real estate funds in three areas: “attracting real estate investors, attracting stagnant banks’ resources, and revaluation for the banking system” are of great importance.
Majid Eshghi stated that when it comes to public offering, we should increase supervision so that people do not face problems, and emphasized: Real estate funds are highly sensitive due to their newly established nature, and rules and regulations must be followed in the management of funds. be observed because this will lead to their development.
Pointing out that we should introduce tools that have a direct relationship with supply and demand in the housing sector, he clarified: As much as possible, we should be careful so that all the resources belonging to the fund’s assets are transferred directly to the owners of the investment units. be; Also, the way of reporting about the performance of the funds should be accurate so that the fund unit holder can evaluate it correctly.
Eshghi said: In the field of real estate, we are trying to increase the speed of issuing licenses and not to put the applicants of these funds in the queue because these funds will bring transparency to the financial statements in the banking sector.