We do not transfer the problem of non-performing institutions to the banks
According to Iran Economist From the Central Bank, yesterday “Pedram Soltani” claimed in cyberspace that the Central Bank transferred 40 thousand billion Tomans of Noor Institution’s disagreement to the National Bank and this figure is taken out of people’s pockets!
In response to this claim, this bank wrote: In this period, the central bank transferred high-quality assets (including branches, other properties without problems, etc.) to the National Bank as much as the deposits of Noor Institute.
Unlike in the past, the definite policy of the central bank is not to transfer the problem from non-performing institutions to big banks.
However, the problem of Noor Institute’s problematic assets (which no longer has a banking nature) will also be pursued and resolved by the Central Bank.
The central bank also wrote: The spread of false news in Etamad newspaper is not over! Yesterday, the Central Bank and the Ministry of Economy responded to Pedram Soltani’s accusation about the Noor Credit Institution, but the same lie again, with the intention of disturbing the public’s mind and appointing this lie to the announcement of the Central Bank in Etemad newspaper! Will the judiciary enter?
In response to this false claim, the Ministry of Economy’s Communication and Information Center announced: The transfer of Noor Credit Institution does not impose any disharmony on the National Bank of Iran.
The Ministry of Economy published an explanation on one of the social networks about the transfer of deposits and part of the assets of Noor Credit Institution to the National Bank of Iran. In this explanation, it is stated: In the process of Noor Credit Institution, no discrepancy has been transferred to Melli Bank of Iran.
In this process, only nearly 33 thousand billion tomans of Noor Institute’s deposit was transferred to National Bank, and its equivalent was transferred from Noor Institute’s assets to National Bank.
Other debts of Noor Institute, including the debt due to overdraft from the Central Bank, will be determined in the liquidation process, and the National Bank will not bear any responsibility or loss.
Contrary to past experiences, for the first time in the country, the purchase and assumption model, which is a global standard model for determining the task of insolvent banks, was used, which promises to establish a banking resolution system in Iran.