The important role of the Housing Bank in turning the country into a housing workshop
According to the financial monetary news, quoting the public relations of the information base of the Housing Bank; Mahmoud Shayan, CEO of Maskan Bank, in a meeting of the Communication and Information Coordination Council of the Housing Department of the Ministry of Roads and Urban Development, while congratulating Eid al-Fitr on the tasks of the Housing Bank in achieving government goals, said: One million housing units. The previous governments stopped the construction of housing after Mehr housing, and if this plan continued, we would see fewer problems. Last year, 360 thousand billion tomans were ordered to the system to pay these facilities. Due to the lack of mechanisms for this, other banks were less able to participate in 1400. But the housing bank alone did the task (210,000 units) that it had placed on it, and in fact did more than its task in financing this sector.
Shayan emphasized that we have done more than our task in financing the housing sector and fortunately we have an acceptable record in this field, he said: “This is what is expected; Because we are a specialized bank in the field of housing construction and we know the processes well and we have identified the solutions well and the financial system and balance sheets of the bank have adapted to this program for many years.
He added: “Other commercial banks seek to provide facilities in the short term and return the money to the bank sooner, and accordingly re-grant the facility and be profitable, but the facilities of the housing bank are long-term and the deposits it takes are short-term.” . However, since the return of the granted facilities, it has balanced its balance sheet. Today, we can boldly say that the Housing Bank is the only state-owned bank with a capital adequacy ratio above 10%, with a standard of 8%.
“The capital adequacy ratio of many of our banks is negative,” he added. Accordingly, in case of solving banking problems in foreign relations, one of the banks that can play a key role in relation to foreign and international brokerages will definitely be the Housing Bank.
Saying that one of the important plans and slogans of the President has been the commitments in the field of housing, Shayan said: “Fortunately, the construction of one million houses a year has become the queen of our minds.” We have a very heavy task now, and given that this is a good deed, that is, to make people housewives, we should be thankful to God Almighty for putting such a task on our shoulders.
He added: “Today, we will hold the first meeting of the Communication and Information Coordination Council of the Housing Department of the Ministry of Roads and Urban Development, and in this regard, we hope to be able to meet the expectations of the people.”
The CEO of Bank Maskan emphasized the effect of advertising and the pen of journalists in achieving the country’s banking goals: I remember that last year we crossed the Modares Highway and saw a billboard of one of the banks that read “We have your rights in every corner of Iran “We will pay.” Although this is one of the most common services in the banking system, but due to the type of literature that these ads had and how the services were introduced, its advertising effect on the viewer was great.
Emphasizing the media and propaganda work on the services provided by the government and the country’s banking network, he said: “Great work has been done, but in the field of media, it is not transmitted to the people as it should be.” Given the hope that has arisen for different sections of society, especially for homeowners in the housing sector, we must keep this hope alive and join hands so that we can succeed and bring this project to fruition.
Referring to the actions of the Housing Bank in the Mehr Housing Project, Shayan said: “More than 2.4 million units were built in the Mehr Housing Project, a small number of which have remained unfinished.” This project was started almost by the Housing Bank in 2009 and a credit line was allocated to it in 1990; That is, for two years, the Housing Bank paid the facilities of the Mehr housing sector from its own resources, which had a very negative effect on the bank’s balance sheet. Given that the commercial banks were sanctioned and the housing bank was not sanctioned, the housing sector was forced to do the foreign exchange for the other banks and therefore could not pay the LCs it had opened, many of which still remain. In 1390, they gave a credit line to the Housing Bank, which was 45,000 billion tomans. Later it was said that from the place of your returned installments, a series of facilities have been assigned twice, which must be done for the infrastructure, and the end resulted in about 53 thousand billion Tomans.
The CEO of Maskan Bank, stating that this year Bank Maskan has paid 57 thousand billion alone, said: “This is a significant number.” From 1390 until today, when Mehr Housing continued until last year, if we calculate the amount of facilities we have paid during this period and calculate that 2.4 million, we had more than 200,000 units per year of housing production in the Mehr housing sector. While at some point we have the highest number in the country is about 800 to 850 thousand units, and in the whole country, both those who owned it and other parts, it was at least 300 thousand units.
He added: “Many may say today that it is not possible to finance one million units for the banking system.” I want to tell you that this is exactly possible; Because if we look at the past, we see that the housing bank with its limited resources was able to build more than 200,000 units a year. Currently, 27 banks and financial institutions have been instructed to participate in this project and must pay the facilities, and if the capacity of these 27 banks and financial institutions is combined, a great deal of work will be done. On the other hand, if they do not pay the facilities, they have to pay 20% because of what they should have done and did not do, and the board of directors of the failed banks will be reported to the central bank’s disciplinary board.
Emphasizing that the government’s goals in implementing and building one million houses per year are possible, Shayan said: “If our banks enter the implementation of the plan, as they could be effective in all sectors such as industry, mining and agriculture, this is possible.” There will be a department relocation focusing on housing.
The CEO of the Housing Bank stated that 20% of the banks’s duties in the housing sector is an acceptable number: “Our banking system was obliged to allocate 20% of their payment facilities to the housing sector, but because it was not controlled and supervised, especially in the last 8 years, attention Nothing special was said about this issue, the share of the housing sector was reduced from 11% of bank facilities to 5%; That is, not only did it not grow to reach its 20% share, but it also fell by 6% to 5%. The banking system should increase this 5% to 20%, and other sectors and services should allocate at least 25% of the bank’s resources to this sector. Today, more than 60% of resources are allocated to the service sector, and the government has had a logical order to reduce from other sectors and allocate to the housing sector.
Pointing out that housing construction is part of production and not inflation-generating, he said: “This issue does not create liquidity growth, nor does it increase the monetary base, nor does it increase inflation.” If you direct the resources of the banking system to production, there will be no inflation, no growth in liquidity, no growth in the monetary base. If the banking system’s resources are diverted to brokerage and intermediation and speculation, the economy will be headed in a direction where inflation and liquidity growth may occur.
Asking the media and the Ministry of Roads and Urban Development for cooperation and cooperation in the implementation of the National Housing Project, he said: “We are all partners and we must inform our good work in cyberspace, advertising and radio and the excellent services that We are currently informing the people about the Ministry of Roads and Urban Development. It is appreciated that the officials of the Ministry of Roads have provided 2.4 million units of land in less than 5 months.
Shayan added: “Land has been provided for more than 2 million units, and if the land is provided and other things such as infrastructure, facilities, and financing in this way, the goal of building one million units per year is definitely possible.” .
In the end, the CEO of the Housing Bank stated that the plan of the National Housing Movement is not a slogan but an operational plan: The Minister of Roads and Urban Development stated that we will turn the country into a large housing workshop next year. This is not a slogan but a real action plan, and we have a huge role to play in making this important and properly informing it to create hope in society.