Publication date: Tuesday, August 25, 1401 – 10:00 28 views
News code: 23964
In line with balancing the growth of banks’ balance sheets with stability and health indicators;
Financial News – The control of a certain amount of assets of the banking network is determined and communicated in accordance with the points calculated based on the banking health indicators and based on the targeted liquidity, while according to the resolution of the Central Bank’s Money and Credit Council, it is allowed to set the legal deposit ratio for banks and credit institutions. Determine and apply unhealthy and violating up to 15%.
According to the report of the financial news, quoting from the public relations of the central bank, this bank follows the circular number 421929/99 dated 27/12/2019 in connection with the “Regulations supervising the control of certain assets of the country’s banking network”, in order to make the growth proportionate. The balance sheet of banks and credit institutions with stability and health indicators, decisions were made and announced in the 20th session dated 05/08/1401, the most important of which are as follows:
A- The limit mentioned in Article (2) of the rules governing the control of certain assets of the country’s banking network, the subject of Circular No. 421929/99 dated 27/12/1399 of the Central Bank (on the basis of the first period until the time of calculation ), according to the score calculated based on banking health indicators and based on liquidity, targeting will be determined and subsequently communicated to that bank/credit institution.
B- The health indicators to adjust the monthly growth limit of banks and credit institutions in six months should be calculated, evaluated and revised if necessary.
Also, considering the need to change the legal deposit rate of banks and credit institutions that have violated the limits of the mentioned rules, the Money and Credit Council in the 1339th minutes of the meeting dated 04/05/1401 regarding The permission to increase the legal deposit rate of banks and credit institutions with violations stipulated:
“The Central Bank is allowed to increase the legal deposit ratio for unhealthy banks and credit institutions that violate the rules and regulations governing the growth of their balance sheets according to the notified regulatory standards and based on the evaluation of their performance in complying with the notified rules and regulations as well as other approvals of the Monetary Council and Determine and apply credit up to 15% for all banks and credit institutions.
According to the mentioned cases, each of the banks and credit institutions are obliged to manage their assets in such a way that by the end of December of this year, the average growth of the included assets from the beginning of the calculation period does not exceed the permitted growth limit announced based on banking health indicators. . It is worth mentioning that the above-mentioned permissible growth limit is calculated based on the banking health indicators as follows and subsequently notified to each of the banks and credit institutions through the supervisory departments as the case may be, and if necessary, it is evaluated and revised every six months. will be placed:
• Bank/credit institution rating score based on the CAMELS method;
• capital adequacy ratio;
• Interbank market situation;
• overdraft status;
• The status of non-current Rial claims;
• Status of compliance with anti-money laundering directives;
• Professional judgment of the status of the bank/credit institution from the point of view of the inspection group within the framework of the relevant rules and regulations (observance of the interest rate of deposits and facilities, macro, related, investments and transparency).
It is worth mentioning that according to the provisions of the notified regulations, non-compliance with the prescribed limits will lead to the introduction of the CEO and members of the board of directors of that bank/credit institution to the disciplinary board of banks.
At the end of this circular, it has been emphasized that, in addition to effective interaction with the relevant regulatory departments, as well as the regular sending of information related to the central bank in monthly periods within the framework of notification, the matters should be expedited and taking into account the provisions of circular number 149153. 96/96 dated 16/5/1396 to all its relevant units The bank/non-banking credit institution has been notified and its proper implementation should be closely monitored.
