Hatam to take the banks out of the nation’s pockets!
As I mentioned, it is not possible to enter easily for the private sector, unless the Bank Coordination Council can partially communicate the payment system of state banks to private banks. But the mechanism of the private bank is such that in the meeting of the board of directors, the bank managers recognize that based on the improvement of the bank’s profitability or the improvement of the bank’s conditions, it is necessary to give special privileges to the employees or a part of the employees.
During the past years, the issue of granting large number of loans to bank employees has been noticed many times. More than any other group, this issue bothers the people who go through Haft Khan Rostam to get small loans, including marriage loans, and sometimes they wait for a long time.
The work has escalated to such an extent that Alireza Salimi, a member of the Presidium of the Majlis, said on Wednesday: “The Central Bank should publish the statistics of bank facilities to its employees. Sometimes people face many problems in order to receive facilities of 5 to 10 million Qarz Al-Hosna, but loans With the amount of about 164 thousand billion tomans, it was easily awarded to bank employees.
Mohsen Dehnavi, a representative of Tehran and a member of the Presidium of the Islamic Council, also published a tweet in the past few days and wrote: “Private and state banks have paid more than 146 thousand billion tomans in facilities to their employees in 1400. Bank Saderat with 28 thousand 200 billion Tomans, Bank Tejarat with 17 thousand 200 billion Tomans and Bank Mellat with 14 thousand 900 thousand billion Tomans have the largest amount of loans to their personnel. I wish they would give the same advice to young people and tenants.”
According to the resolution of the Money and Credit Council, it has been forbidden to give loans to employees of banks from Qarz al-Hasna accounts since 7 years ago, but apparently the supervisions are not enough.
Although the totality of these conditions has led to the reaction of Seyed Ebrahim Raisi regarding the amendment of the regulations, there are questions such as how to make decisions in the system of granting banking facilities and the transparency of the process of allocating financial resources in order to lend to bank employees. Ferraro has talked with Vahid Shaghaghi, an economist, and Masoud Daneshmand, a member of the Chamber of Commerce, in order to investigate these issues:
The spread of discrimination and dissatisfaction
University professor Vahid Shaghaghi said about the importance of the difference in the lending process of private, state and private banks: “We must distinguish between private, state and private banks, public banks are considered within the scope of administrative laws and government payment system. It means that people who are employed by a government banking system are actually employed by the government. There should be a uniform payment system in all government departments and it is not correct to have different reward and payment systems in different government departments. The reason is clear: when a person is employed by the government, he must be defined in the government’s payment system. The position of government employees is clear and the employee of the banking system should not be different from other government employees. As a rule, if non-conventional rewards and facilities other than what is defined in the government are assigned to these people, it is considered discrimination.
He added: “These discriminations are troublesome. When a government employee compares his facilities with a bank employee, he definitely experiences the feeling of discrimination and injustice. Even now, we have seen that many people are looking for acquaintances or rent to be hired by the banking network in order to benefit from the favorable working conditions in the banking system.
This economist said about Khusulati and private banks: “Regarding Khusulati banks, although they are not state-owned, the management of these banks is with the government. The majority of the board of directors of these banks is also determined by the governments; Therefore, the government payment system should be in place in such banks. In addition to these two categories, we also have private banks that are truly private. Private banks can spend from their resources in any way they see fit, and the private bank cannot be notified not to pay the facility; Therefore, the problem can be looked at from the three angles of managing private, private and state banks. Examples of state-owned banks are Sepeh, Meli, and Saderat Banks, Khosulati, Mellat, and Saderat Banks, and private Ekhtaz Novin, Iran Zameen, and Pasargad banks.
He said about the methods of preventing the process of granting illegal loans: “In order to prevent injustice in the granting of bank facilities, either laws must be approved by the government under the title of government approval, or other revisions must be made to prevent unusual facilities to bank employees. As I mentioned, it is not possible to enter easily for the private sector, unless the Bank Coordination Council can partially communicate the payment system of state banks to private banks. But the mechanism of the private bank is such that in the meeting of the board of directors, the bank managers recognize that based on the improvement of the bank’s profitability or the improvement of the bank’s conditions, it is necessary to give special privileges to the employees or a part of the employees.”
The weakness of the monitoring system is the root of all problems
The scientist said about the reasons for granting loans and excessive facilities to bank employees: “Giving bank facilities to bank employees has existed since ancient times and before the revolution. For example, low-interest mortgages, necessary loans, and the like were given to employees, which were job privileges for people who work in the banking system. Currently, the process of granting loans to employees continues. But banks should not consider these loans as facilities and budgets. Rather, these loans should be calculated independently of the facility budget. Here, the role of the central bank’s supervision system becomes prominent.
He added: “The monitoring system must constantly monitor and see to whom and how these facilities are granted. It should be checked whether the facility is part of the prescribed education or not and where the source of this facility came from. All these are the duties of the central bank. It is natural that different banks want to keep their employees happy by providing facilities, but these facilities should have limits. The central bank has not done its job properly in controlling the situation. One of the pillars of the central bank is the bank supervision department.
This economist emphasized the need to monitor the performance of banks in the field of loan allocation: “There is no problem if banks give facilities to their employees from other sources. But if after giving loans to their employees, they don’t have the funds to spend on their homework facilities and they face problems in granting loans and facilities in the marriage, business, etc. sectors, the banks are to blame and the role of regulatory organizations becomes prominent in this sector. Banks are expected to report their liquidity status once a week, and these statistics are also sent by the Central Bank to the Bank Supervision Department. Legally, it is the bank supervision department that must monitor all these cases and follow up if this organization sees deviations. The task of monitoring the Kodal system is also the responsibility of the Bank Supervision Organization. This organization legally has the right to monitor and question. “We have good monitoring laws, but the type of monitoring is weak.”
Source: Ferraro