TEHRAN,Iran, Jan.27
Trend:
Iran's banks should use their surplus assets and increase their capital in the new Iranian year (starts March 21,2020), economist at Iran's Kharazmi University Vahid Shaghaghi Shahri told Trend.
"All the banks have surplus assets that have remain unused or have little efficiency. So if the banking system wants to move towards a productive approach in terms of its assets, they should assign some of their lands and buildings," he said.
The banking system currently does not need to establish more branches and their stagnated capital should be productive in order to increase the capital for next Iranian year, said Shahri.
He added that so far banks have not taken serious steps to sell their surplus assets.
"Currently, the banks' overdue debts are about $35 billion, while the amount of extended credit is twice more than that, that has been borrowed. The extended loan that is separated from overdue debts is about $83 billion," he said.
"Around 50 percent of the banks' resources have been blocked and a significant part of those resources - their delayed claims from various sectors or their wrong investments. So, their resources are in stagnation," said Shahri.