Holding 13 stages of real estate auctions this year by Shahr Bank

According to the financial news, the sale of the surplus properties of the banks is one of the most central issues of the banking network, followed by new incentives for buyers in Shahr Bank. In the new management period of Shahr Bank, an attempt has been made to transfer surplus properties in a more principled and legal manner than in the past.
Shahr Bank has had an acceptable and defensible performance in the field of surplus real estate sales, and in 1401, by conducting continuous auctions, it was able to dispose of 220 competing properties. Since the beginning of this year, a significant number of surplus bank properties have been sold during the 13 stages of sales auctions. In the first 9 months of this year, Bank Shahr’s goals in this field have been achieved by 18% more than the target, and by selling these properties and raising liquidity, the bank has been able to increase the payment capacity of its branch network facilities and amend its financial statements. slow
In line with the collection of claims from the municipalities, the amount of 60,155 billion Rials has been collected so far, and more affordable and suitable properties have been acquired from the municipalities than in previous years. Also, in line with the privatization of bank branches, 10 competitors of the bank’s leased branches, which imposed higher rent than other branches, have been acquired by the bank.
In line with Bank Shahr’s actions in implementing the provisions of articles 16 and 17 of the law on removing obstacles to competitive production and improving the country’s financial system, as well as realizing innovation in service and in order to generate assets and transfer desirable and transferable properties to Bank Shahr, the real estate investment fund and Amin Shahr 1st Real Estate, owned by Shahr Bank, received its underwriting license as the first real estate fund in the country’s banking network.
The establishment of Bank Shahr’s Land and Building Fund is also one of the important measures taken by the Deputy Support, Real Estate and Building of Shahr Bank. Using the capacity of capital market institutions and tools for the optimal transfer of bank properties, creating added economic value and realizing appropriate accounting profit is one of the advantages of establishing the real estate fund of Bank Shahr.

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