tag Surplus Property

Surplus Property Auctions to Boost Banks’ Capital

EghtesadOnline: Economy Minister Masoud Karbasian has said the resources required for extending marriage loans will be provided by selling the excess assets of banks through auctions, as their capital has increased by 240 trillion rials ($5.4 billion) in the past few months from this source.
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Publish Date:14/January/2018 | 07:48

Banks Sell Surplus Property , Generate $1 Billion

EghtesadOnline: Banks and credit institutions have sold property and non-financial assets worth 150 trillion rials ($1.1 billion) since the beginning of current fiscal year in March 2019, said an official with the Economy Ministry.
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Publish Date:11/January/2020 | 24:33

Bank Divestiture to Reach $3 Billion by Yearend

EghtesadOnline: Banks have plans to divest 400 trillion rials ($3 billion) of their surplus property before the current fiscal is out in March 2020, said the deputy economy minister for banking, insurance and state companies.
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Publish Date:15/June/2019 | 24:15