We are forced to borrow from the central bank to pay the loan facility
Mohammadreza Jamshidi said about the payment of compulsory facilities such as childbearing by the banking network: First of all, two banking restrictions should be taken into account; First, in general, private banks can increase their facility balances up to 2% and state banks up to 2.5% this year, and it is not possible to increase up to this limit. Another limitation is about the provision of resources for granting facilities, the bank’s resources are provided by the people and through deposits, and if the people’s deposits in the banking network decrease, there are no more funds from which to pay the facilities to the people.
He continued: The central bank introduces banks to provide facilities to the applicants, and the issue is that the banks do not have the resources to grant these facilities, and if a bank is not introduced to the applicants to obtain the facilities, it is because they have already informed the central bank. , do not have the resources to grant facilities.
The Secretary of the Association of Private Banks and Credit Institutions added: that some people say that private banks do not comply with the law in paying facilities, including debt facilities, is an attack on private banks, and they talk about this without knowing the process of providing resources and paying facilities. . Recently, a news was published by one of the provincial officials that a bank announced that it is not possible to pay the facility due to the lack of resources, it is a violation and he communicated it to all the different provincial institutions, but how can banks do this when they do not have resources and funds. Pay facilities?
Regarding the payment of childbearing facilities, Jamshidi said: Granting childbearing facilities is the first time that the banks are tasked, and definitely every bank and every organization tries to participate in the implementation of this country’s policy to increase the population, and the parliament is also responsible for increasing the population of this program and providing facilities. but the mistake is that they think that all banks are state banks and the like are under the government, while private banks are responsible for people’s deposits.
He added: “In the process of payment of facilities, if a loss occurs to the state banks, the government has the possibility to compensate it, but in private banks, they have to compensate this loss themselves, and in the end, the shareholders are harmed, and if today the shareholders do not welcome the purchase of bank shares, it is because of this reason.” that the shareholding of banks in this situation has nothing but losses for them.
The secretary of the Association of Banks and Private Credit Institutions continued: 18% bank deposit interest rate is very different from facility interest rate. The interest of the depositor receives 18% interest monthly, but do all borrowers pay 18% interest every month? Basically, if the installments of the facility are repaid, the interest payment of the facility is one year and 6 months and timed, and in the child bearing facility, the interest payment is done over 10 years, and the compensation of the loss is the responsibility of the bank itself, and the banks are in the hands of the shareholders.
Jamshidi stated that mortgage loans are inflationary and stated: mortgage loans are consumed instantly after receiving them and basically families in need receive and consume these loans. In a situation where the payment of these facilities becomes a duty, the resources of banks are limited and providing these facilities reduces these resources. Due to the increase in inflation, manufacturers are looking for the fastest possible purchase of raw materials and updating their equipment, because the increase in inflation increases the production costs, therefore the request for facilities from the manufacturers has increased a lot, but the banks cannot provide facilities with the figures that were given to the manufacturers last year. to present the data this year.
Referring to the decrease in deposits in the banking network, he said: Deposits in banks have decreased and that is the reason why some banks, contrary to the central bank, have raised the interest rate on deposits and are ready to accept the consequences and punishment because the deposit It does not exist as much as consumption, and the compulsion to pay debt facilities makes banks borrow from the central bank to provide resources and pay the penalty, and all these actions are ultimately detrimental to banks.
Ilana