Is the offering of bank properties on the stock market started?

According to Tejarat News, in a situation that has been going on for a long time Supply of bank properties There is no news. On Thursday, July 9, 1401, the commodity exchange announced the sale of the first commercial property of a bank this year. It seems that this offering will pave the way for other banks’ real estate offerings.

Quoted from fellow-citizen, Supply of bank properties It is one of the big challenges of Iran’s economy because banks’ acquisition of real estate, in addition to leading to the blocking of financial assets, also has harmful effects on the economy. Based on this, policymakers have repeatedly emphasized the sale of surplus properties of banks during the past decade, and many binding laws have been passed in this regard; But there have been problems so far in the field of macroeconomics and the banking system’s attachment to real estate has prevented the sale of these real estates.

In such a situation, in January of last year, Ali Salehabadi, the head of the central bank, emphasized that the detention of resources in banks is not acceptable, and said: the bank is committed to sell its surplus property and enter liquidity into the facility cycle, because this is the inherent duty of the bank.

Earlier, Ehsan Khandozi, the Minister of Economy, pointed to the government’s duty to hand over surplus property in the form of annual budget rules, and emphasized: the success of bank managers in handing over surplus property will be one of the criteria for measuring their performance. Following these requirements yesterday, the commodity exchange announced the first commercial property of a bank this year.

Offering the first bank property

As announced by the Commodity Exchange, a commercial property belonging to Mellat Bank has been accepted in this exchange and soon the first sale of real estate will begin this year in the Commodity Exchange. The commodity exchange announced in its announcement: the area of ​​the arena is 114.6 square meters and the area of ​​Ayan is 282.8 square meters.

The method of offering the mentioned property will be in one place and in the secondary market of the commodity exchange. It is still not clear after the sale of this commercial property by Bank Mellat, whether other banks will also comply with the legal requirements for the sale of their properties or not, but it seems that the government is emphasizing Supply of bank properties It should be done through the commodity exchange, and experts emphasize that the best place for Supply of bank properties The stock market is a commodity because the supply of real estate in this way makes the sale of surplus real estate transparent to banks.

According to them, one of the most important advantages of real estate transactions of government institutions and executive bodies and banks as well as municipalities in the commodity exchange is to create transparency in the transaction process, because the rate discovery mechanism in the commodity exchange is in the form of an auction and the prices of buyers can be monitored for is public

In addition, during the acceptance of the property before the auction, sufficient care is taken in the documents and ownership of the property by the commodity exchange, and all these documents are visible to the public, and in this way, people who want to buy will be sure of the authenticity of the property documents. became.

Previously, the real estate sales of the Ministry of Defense, the Ministry of Roads and Urban Development, and the New Economy Bank were successfully carried out on the stock exchange.

Total property value of banks

It is not yet known exactly how much real estate is in the hands of banks, but some estimates show that 14,000 pieces of land and buildings with different uses, administrative, commercial, residential, agricultural, etc., with dimensions of 37 million square meters, are in the hands of banks, of which 9,629 pieces are properties. It is fixed and 4107 items are acquired assets that the banks have acquired in exchange for non-payment of installments.

These figures show that the value of properties owned by banks is probably around several hundreds of billions of Tomans.

In 2019, Abbas Memaranjad, the former Deputy Minister of Economy, estimated the total value of real estate owned by state banks at 90 thousand billion tomans.

Due to the fact that the housing market has experienced many jumps during the last 2 years, the value of the banks’ properties has increased several times.

Some estimates show that if we add the value of non-governmental banks’ properties to the mentioned figure, we will probably reach stunning figures that lead to the confinement of liquidity in the banking system, and its liberalization can play a large role in the performance of banks. also contribute a lot to macroeconomic structures.

The importance of selling bank properties

Economists believe that the confiscation of real estate in the banking system has led to a decrease in the financial strength of banks and has reduced the power of banks to provide facilities; As a result, the transfer of these properties can play a big role in increasing the financial power of banks and improving their financial performance.

The role of surplus assets of banks in weakening the capital adequacy of banks is also an issue that has been repeatedly noticed by experts. According to the Governor General of the Central Bank, the Money and Credit Council has recently approved the addition of the proceeds from the sale of surplus assets of banks to their capital account. This issue improves the capital adequacy situation of the banks from the aspect of cash because when the surplus property is sold, the money obtained improves the capital adequacy of the bank.

On the other hand, part of the fluctuations of the assets market and also the decrease in the ability of banks to provide facilities come back to this asset lock-up in the banks’ balance sheets.