🔺🔻 Warning by the supervisory organization about poor performance of 8 banks in paying loans

🔺🔻 Warning by the supervisory organization about poor performance of 8 banks in paying loans

Deputy of the supervisory organization:

Iran's Capital Development, Mission, and Export Banks performed poorly in marriage loans, and Iranzamin, Trade, Cooperative Development, Tourism, and Housing Banks performed poorly in fertility loans.

🔹 Some banks conditioned the payment of the loan on the provision of two guarantors, a check or a promissory note; Although these restrictions are not observed in the regulations.

🔹According to the management's instructions for granting micro-facilities, the banks are obliged to provide a guarantor through approval of the subsidy account or the capital shares of the applicants or their first-class relatives or their other financial assets or only by receiving a promissory note and a guarantor in case of non-payment of credit by the applicant.

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