EghtesadOnline: Iran's state-owned banks have sold excess assets worth 135 trillion rials ($3.21 billion), which included real estate, company shares and other resources, from the beginning of President Hassan Rouhani's first tenure in 2013 until now, the minister of economic affairs and finance said.
EghtesadOnline: Bank of Industry and Mine will be the first Iranian bank to sell off its excess assets on the capital market.
EghtesadOnline: As part of the government’s plan for lenders to do away with excess assets and become more agile, more than 150 trillion rials ($3.5 billion) worth of bank properties have been sold during the fiscal 2016-17, the economy minister said.
EghtesadOnline: Bank Melli Iran has divested affiliated companies worth 9.746 trillion rials ($255.7 million) in the previous fiscal year (ended March 20, 2017), registering a 140% growth year-on-year, the bank’s official website announced.
EghtesadOnline: Bank Melli Iran is set to gradually shed its excess assets currently worth 27 trillion rials ($714 million) after the clearance of legal hurdles, BMI’s deputy for logistics announced.
EghtesadOnline: The process of banks getting rid of their excess assets is gathering pace with Bank Refah Kargaran becoming the latest lender to auction its assets through the Company for Selling Banks' Excess Assets –aka Fam.