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EghtesadOnline: The regulator has set a ceiling of 30% on fixed non-bank assets that banks and credit institutions are allowed to hold.

The Central Bank of Iran in a new directive has prohibited banks, whether directly or indirectly through subsidiaries, from acquiring non-banking fixed assets.

It also set a 30% ceiling of fixed assets that lenders are allowed to hold, the CBI website reported.

According to the circular, which is an amendment to a previous directive, the guidelines were revised in light of changing conditions and regulatory requirements, as well as obligations set forth in macro- level regarding the necessity of not acquiring and retaining non-bank fixed assets by the country's banking network to help raise the efficiency of the key sector.

Additionally, the ceiling for fixed assets is 30% and if the credit institution is in breach it will be prohibited from acquiring or owning any fixed assets until it readjusts and play by the rules.

Lenders Central Bank of Iran Non-Banking Fixed Assets