No dissatisfaction will be transferred from the former Noor Institute to the National Bank
According to Iran EconomistIn response to the report of “Sharq” newspaper on December 13th, entitled “Re-injury of Creditors”, the Central Bank stated in an explanation: In its report, this media has repeated the false claims of Etemad and Sazandegh newspapers, an article which, although its reasoned answer is from It was given to the Central Bank and the Ministry of Economic Affairs and Finance, and it was widely published in the media, but this newspaper also tried to stir up public concern about the actions of the Central Bank to reform the banking system by repeating these uncertainties.
As the Central Bank has emphasized before, no dispute from the former Noor credit institution will be transferred to the National Bank. Currently, 33 thousand billion tomans of people’s deposits in the former Noor credit institution have been transferred to the National Bank; Also, the number of 248 branches of the former Noor credit institution, plus a part of the institution’s liquid assets, along with the difference of some of its liquid assets, such as the legal deposit of this institution with the central bank, have been transferred to the National Bank, the total value of these assets is 26 thousand billion tomans and a credit line has been granted for the difference of up to 33 thousand billion tomans; Therefore, no dissatisfaction has been transferred to the National Bank.
The Central Bank also settles its claims through the assets of this institution. According to the emphasis of the head of the central bank, which was announced to the journalists on Saturday, the overdraft of the former Noor credit institution is about 47 thousand billion tomans, which is considered as the demand of the central bank from this institution, and it will be settled from the assets of the Noor institution after the court orders.
It should be mentioned that in the past years, a supervisory board for Noor Institute was formed under the supervision of the Central Bank and is currently active. Therefore, in the first step of the implementation of the plan to transfer deposits, assets, facilities, employees and branches of Noor Credit Institution to the National Bank of Iran, the legal personality of Noor Institution still exists and no merger or liquidation will take place, but only in order to clean the balance sheet of this institution, part of the assets will be transferred to the deposits. is transferred
According to the legal approvals, until Noor Institute reaches the end of the road, its legal personality will exist, and the legal measures regarding the liquidation and settlement of the institution will be carried out according to the legal duties assigned to the Central Bank based on the approvals of the Supreme Economic Coordination Council of the Heads of the Three Powers until that time. will be
Examining the roots of the Natrazi of the Noor Institute shows that the Natrazi of this institution goes back to the origin of its formation; Because the Noor Institute was born from the liquidation of unauthorized institutions in the unorganized money market, and there was disharmony in the unorganized money market in this group from the beginning of its formation; Therefore, in order to solve this conflict and fulfill the tasks of the banking system and restore stability and health to the banking network and the money market, the Central Bank designed and implemented the plan to transfer Noor Institute to a large and financially supported bank such as National Bank.
According to the guidelines designed for the transfer of the former Noor credit institution in the National Bank, some assets of this institution, which were created in the last 10 to 12 years, are with the central bank, so that after the issuance of the court rulings, the claims of the shareholders of the institution and the claims of the central bank will be collected from that place. And this property has not been transferred to National Bank.
On the other hand, the merger of Noor Institute with National Bank is one of the puzzles of banking health, and the health of banks ends up benefiting the people and the banking network. In addition, any type of modification and changes may have a cost, and the policy maker and the government try to follow up these modifications with the least cost and stress; Therefore, mistaking this policy of the policy maker for the winners and losers of the merger of Noor Institute is a misapprehension.
It should be noted that Noor Institute has many assets that must be determined. This institution has a supervisory board and these boards follow up their duties.
The issue of Noor Institute’s subscription to the stock exchange has also been assigned to the specialized committee for reforming the banking system, and the resolution of the shareholders’ issue is being followed up by the supervisory board.
In conclusion, it is important to mention that the Central Bank has designed reform packages for the failing banks, and the dominant approach in these reform packages is to revive and rebuild these banks, but in the meantime, the media should be patient and look to the future and away from baseless speculations. Provide correct information and the platform for the successful implementation of the banking network reform and avoid publishing unreliable news and inflaming the anxiety of the public.