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Banks’ Surplus Assets to Offer in the Market

Following the meeting with Ministry of Finance and Economic Affairs, Chairman of the SEO revealed that the surplus assets of the banks are to be offered in the commodity market of the capital market.

Following the meeting with Ministry of Finance and Economic Affairs, Chairman of the SEO revealed that the surplus assets of the banks are to be offered in the commodity market of the capital market.

Mr. Mohammadi added that parts of the "Product Barriers Removal Act" homes in on the sales of surplus assets of the banks, hence, legal frameworks and legal enforcement guarantees for the project have been prepared.

Under this instruction, all the banks and credit institutions and their affiliate companies shall offer 33% of the assets, including movable, immovable and goodwill, fathomed to be surplus by the Money and Credit High Council of the CBI in the capital market.