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“Banks to take on a more serious approach on divestiture of their superfluous assets”

2018/10/17 | 11:28 code : 9419 -
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Acting Minister of Economic Affairs and Financewhile appointing Iran's Supreme Leader Ayatollah Ali Khamenei?s commands, government?s strategic agenda and the corresponding ministry, urged banking system authorities to take more serious measures in order to divest superfluous bank assets.
“Banks to take on a more serious approach on divestiture of their superfluous assets”

Acting Minister of Economic Affairs and Financewhile appointing Iran's Supreme Leader Ayatollah Ali Khamenei’s commands, government’s strategic agenda and the corresponding ministry, urged banking system authorities to take more serious measures in order to divest superfluous bank assets.

According to Public relations liaison of Iran Privatization Organization (IPO) Mr. Rahmatollah Akrami while mentioning Iran’s Supreme Leader in meeting sessions with ministerial cabinet has emphasized on necessity of banks to divest their superfluous assets, stated “This subject needs to be pursued in a serious manner, while any loss to banks needs to be avoided.”

Acting Minister of Economic Affairs and Financementioned closure and merging of redundant bank branches is one of the essential measures that needs to be taken which president also insists on and added “Bank problems and restrictions on this subject are comprehendible, especially in smaller towns. Yet, some effective steps needs to be taken to hasten up this process.”

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