Iran getting ready to transfer bank-owned companies to private sector
Baku, Azerbaijan, Oct. 10
By Elnur Baghishov - Trend:
Executive directors of Iranian banks have agreed to organize a committee to simplify and speed up the transfer of companies owned by banks, to the country's private sector.
The discussion took place at the meeting held with the participation of the leadership of Iran's Ministry of Economic Affairs and Finance, IRNA reported.
Representatives of banks, Securities and Exchange Organization of Iran (SEO), state-owned companies related to insurance and the Ministry of Economic Affairs and Finance, as well as Iranian presidential advisor for monetary and banking affairs also took part in the meeting.
It was also decided to take the necessary steps to simplify and accelerate the process of admission of companies operating under the banks, to the stock exchange.
The meeting participants considered and approved the procedure of transferring some companies to private sector by the Iranian Privatization Organization, as well as obtaining necessary licenses.