The sale of surplus property is accelerating to correct the imbalance of banks

According to the report of financial news, Seyed Abbas Hosseini, deputy of banking, insurance and state-owned companies affairs of the Ministry of Economic Affairs and Finance, in a conversation with Iran newspaper about the publication of the names of large debtors, which is one of the steps of transparency in the field of banks, said: from November of the year In the past, a correspondence was made with the Ministry of Economy to publish the names of the bank’s super debtors, and finally this action was carried out based on the current year’s budget law.

He added: Of course, on the other hand, in order to support the production units affected by the corona disease and in order to extend the use of the benefits of the Debtors’ Debt Settlement Facilitation Law, Casho Banking Network requested the extension of the Debtors’ Debt Settlement Facilitation Law until the end of 1400 for a plan at the National Corona Management Headquarters. and it was approved and the beneficiaries used the mentioned legal benefits by complying with the arrangements contained in it until the end of last year.

Transparency of loan contracts

Hosseini pointed out: But for the transparency of the procedures for the people, other measures were taken, such as the electronicization of facility contracts and providing a copy of the facility contract to customers, guarantors and guarantors, among the serious approaches and measures taken in the banking sector.

He pointed out: In this regard and in the past year, the proposal of instructions on how to electronically register bank facility contracts in the Money and Credit Council, delivery of a copy of the contract within 7 working days after the recipient, guarantor or guarantor’s request for facilities and the handling of regulatory units And the inspection of the bank to the complaints raised out of turn has been recorded in the record of the last year of the government in this area. The deputy of banking, insurance and state-owned companies affairs of the Ministry of Economy says: Another transparency measure was the obligation of state-owned banks to provide a copy of the facility contract to the customer, of course, the plan is to provide the customer with an electronic copy in addition to the physical copy.

Facilitating microfinance payments

Hosseini added: Facilitating the payment of micro-loans is one of the other serious approaches pursued by the Ministry of Economic Affairs and Finance in the banking sector. Referring to the payment of 377 thousand billion Tomans in bank facilities in the first two months of this year, the Deputy Minister of Banking, Insurance and State Companies of the Economy says: This amount of facilities granted in the first two months of this year has increased by 40% compared to the same period last year. Of the total facilities paid, the share of the agricultural sector was 5%, industry 33%, housing 5% and commerce 37-38%, and 11% of these facilities were paid to households and final consumers.

According to him, 318 thousand billion Tomans of loan facilities have been paid and the banks have paid 105% of their loan resources through loan facilities, while in the last few years usually 5 to 6 percent of the total resources of loan facilities were paid.

The deputy of banking, insurance and state-owned companies of the Ministry of Economy and Finance emphasized: According to other statistics, the facilities paid from the beginning of January 1400 to the end of July 1401 were a total of 516 thousand 664, of which Sepeh Bank had the largest number with 208 thousand 859. He has paid the loan, and after that, it was Qarzul-Hosna Mehr Iran, which has paid 102,317 items of facilities.

According to the Deputy Minister of Economy, on August 15 of this year, these figures have changed in this way: 594 thousand 878 loans were paid in the amount of 20 thousand 700 billion tomans, and the average facility paid in this format is 35 million tomans.

He emphasized: In addition to supporting knowledge-based companies, the statistics show the significant performance that has been recorded in this field. The total balance of facilities paid to knowledge-based companies by the end of May 1401 was 712 thousand billion rials, which was a 97% growth compared to May 1400, and also payment of 104 thousand billion rials was made to 580 knowledge-based companies in two months of 1401, which was a 34% growth. It shows 1400 compared to two months.

Return of excess interest received by banks

Hosseini pointed out: The return of the excess interest obtained is contrary to the approvals of the Money and Credit Council and is one of the other cases that have been implemented in the banking sector. the customer has not settled; If the recipient of the facility has outstanding debt, he must first determine his debt by the end of 1401, and of course, he is only in charge of exchange contracts and in the case of partnership contracts in years when the expected interest rate is higher than the interest rate approved by the Monetary and Credit Council. More is not applied.

Monitoring the performance of banks and measures to control the balance sheet

The deputy of banking, insurance and state-owned companies affairs of the Ministry of Economy and Finance said: The creation of a monitoring group and monitoring the performance of banks is one of the measures taken in the first year of the 13th government. Therefore, in line with the task of Article (1) of the Law on the establishment of the Ministry of Economic Affairs and Finance regarding the implementation of the macroeconomic policies of the government and the establishment of a comprehensive monitoring and evaluation system with the aim of strengthening and developing Islamic banking and continuous and professional supervision in accordance with the laws and regulations on the creation of a monitoring and supervision group The performance of the banking system and the insurance industry, from the beginning of this year, it was decided to monitor the performance of the provincial units of state banks, privatized banks (nation, trade and export of Iran) and insurance of Iran, located in the provinces of Tehran, Khorasan Razavi, Fars, East Azerbaijan. To be implemented in Isfahan, Khuzestan and Mazandaran.

Explaining the government’s plan for reforming the financial structure of banks and resolving dissatisfaction, the Deputy Minister of Banking, Insurance and State Enterprises says: We have several plans to reform the structure of state banks, one of which is to increase the bank’s cash capital. In this regard, in 1401, the capital of Agricultural Bank was increased to the amount of 75 thousand billion Rials from treasury documents and based on the approval of the Supreme Economic Coordination Council, in 1400, the capital increase of Maskan Bank was made from the revaluation of assets to the amount of 334 thousand 148 billion Rials and The capital increase of Tehsehe Cooperative Bank was made from the revaluation of assets to the amount of 14 thousand 247 billion Rials in the implementation of the law of maximum use of production and service capacity of the country and protection of Iranian goods.

Sale of surplus property to correct the mismatch of banks

He emphasized: Of course, part of the banks’ dissatisfaction was followed by the sale of surplus assets, and in this regard, the National Bank will transfer the shares of Arak Petrochemical and Shazand Petrochemical to the amount of 33 thousand billion tomans.

Hosseini added: In terms of selling stocks and surplus property, statistics show that last year, 34 thousand billion rials of shares and 32 thousand billion rials of surplus real estate were sold, totaling 66 thousand billion rials, and the performance until July 1401 indicates an increase in sales to 96 thousand. It has 1 billion Rials of shares and 39 thousand billion Rials of surplus real estate, for a total of 73 thousand billion Rials.

Regarding the transfer of 3,300 billion tomans of shares and 3,400 billion tomans of excess assets of banks last year, he emphasizes: Out of the 7,500 billion tomans of property and shares sold last year, 6,700 billion tomans were related to the period after the establishment of the 13th government.

The Deputy Minister of Economy mentioned the government’s debt repayment to state banks as one of the other programs to resolve the dissatisfaction of the banks and says: According to the audit, the government owes 150 thousand billion tomans to the state banks, and in this case, many solutions have been proposed to repay the government’s debt to the banks. It has been said that these proposals are being considered and will be put on the agenda as soon as they are finalized in the government.

Notification of the strategy and policies document of the banking sector

He stated: In addition to these cases, for the first time in the banking sector, the strategies and policies of the banking sector in the four axes of credit management strategies, financial discipline strategies, technological strategies and self-regulation strategies were notified to state and privatized banks on 2/10/1401. and the monitoring and follow-up of strategies is on the agenda of the Ministry of Economy’s Ministry of Economy’s Ministry of Banking, Insurance and State Companies.

The Deputy Minister of Economy stated: This work aims to direct bank credit to the productive sector, including knowledge-based and job-creating production. Financial discipline of the credit institution, diversification of financing methods, improvement of the quality of relationship between credit institutions and people, facilitating the access of producers and households to banking resources and strengthening of self-regulation and supervisory structures in the banking sector are carried out.

The meeting of the president with bank managers after 10 years was another action of the 13th government. A meeting in which the president emphasized on facilitating the payment of micro-loans to the people, and to fulfill this order of the president, two days after this meeting, the circular was sent to the state banks.

Separation of the law of commercial and development banks

Separating the law of commercial and development banks is another reform approach in the field of banks that the Deputy Minister of Economy has pointed out and says: One of the problems of the banking system is that the law sees all banks in the same way and makes a difference between a commercial bank and a specialized or development bank. It is not, and for this reason, we are supposed to formulate separate rules for Qarz Al-Hasna, commercial, specialized and development banks.

Hosseini noted: In the field of clarifying the performance of state-owned companies, for the first time, the report of the independent auditor and statutory auditor including the financial statements of 2019 fiscal year (298) state-owned companies, including parent, main and subsidiary companies, and the report of the independent auditor and statutory auditor including the financial statements of 2019 (321) The state company was published and made available to the public on the 30th and 31st of April 1401 in the Kodal system. It is worth mentioning that the audited financial statements of 7 banks, 3 government insurance companies and 4 subsidiaries of the Ministry of Economic Affairs and Finance were published in the Kodal system in 2019. Also, the audited financial statements of (122) subsidiaries of non-governmental institutions and public institutions, as well as organizations of industrial and special economic free trade zones and their subsidiaries and subsidiaries of banks and state insurance companies, along with the reports of the independent auditor and the relevant legal inspector that were reviewed by the auditing organization And it has been issued on June 1, 1401, in the Kodal system. The Deputy Minister of Economy emphasizes: Currently, the audited financial statements of 1400 related to 165 state-owned companies have been received and are being reviewed and prepared for publication.

Integrated information system of public companies

He added: The launch of the integrated information system of state companies is one of the other actions in this area, which so far has 385 legal entities (including 322 state companies, 35 non-governmental institutions and public institutions and municipalities along with their subsidiary companies and 28 companies from the bank subsidiary) The system has registered their information in the system, and in 1400, 189 government companies and 27 non-governmental institutions and public institutions and their subsidiaries have registered and updated their information in the system.

According to the announcement of the Ministry of Economy last year, based on the evaluations of the system’s operation and the way of recording information and obtaining the necessary reports, the development of the mentioned system has been put on the agenda and a contract for the development of the system has been concluded with the contractor company, and the developed version of the system is in the final hand. is becoming

He said: The first phase of the developed information system of state-owned companies, related to basic information, including ID information, shareholders, human resources, subsidiary companies, members of the assembly and board members, has reached the establishment stage, and access to it has been given to more than 100 state-owned companies. register their information for the current year in this version of the system, and the second phase, which is related to the financial information of legal entities, has also been designed. Also, in order to inform the legal entities subject to the registration and updating of information in the system, a draft notice has been prepared to be signed by the Minister of Economic Affairs and Finance, which is being finalized, so that all the legal entities subject to the registration of information in the new version of the integrated information system of state-owned companies have been prepared. and non-governmental public institutions to take action.

Improving Iran’s rank in insurance penetration

He added: A review of the government’s performance record in the insurance sector also shows that 115 thousand billion tomans of insurance policies were issued last year, and the per capita insurance premium in 2019 amounted to 975 thousand tomans, which was 1 million 954 thousand tomans last year. Increased. The improvement of Iran’s rank in the insurance penetration rate among the countries of the region from 5 to 3 is another event that happened in this area.

Hosseini says: Last year, the amount of damages paid by insurance companies increased by 50% and reached 65 thousand billion tomans, which means that the ratio of damages to insurance premiums is about 56.4%.

Among the other measures of the 13th government in the field of insurance are the projects currently being implemented by the central insurance, which include the creation of a Takaful insurance system in the form of supplying new insurance products or the establishment of related specialized institutions, the launch of the insurance industry innovation center, the project to provide electronic services of Croki Accidents (Croki Online) ), the project of online damage assessment and electronic payment of damage (insurance) and the inactive defense document of the Central Insurance of the Islamic Republic of Iran.

Hosseini noted: The activation of the natural disaster damage fund is another event that was launched this year, and according to the deputy minister, the statute of this fund will be prepared and signed by the minister of economy. This fund can pay insurance damages to the victims of accidents and will be a good help to compensate them.