The Banking System Reform Plan was presented to the President

During a meeting with the managing directors of state-owned banks, Farhad Dejpasand, Minister of Economic Affairs and Finance of Iran, emphasized the full implementation of corporate governance and digital banking.

(SHADA: TEHRAN) -- The Minister of Economy stated that the increase of transparency, the increase of efficiency, and proper cost management of banks depend on the establishment of digital banking as well as the full and effective implementation of corporate governance, and added: The Department for Banking, Insurance, and State-owned Companies Affairs of the Ministry of Economy will evaluate and rate the banks in terms of corporate governance and digital banking.

Stating that the serious determination of banks to cession surplus and state-owned properties and the modification of their branches are among the current priorities of the banking system, Dejpasand added: The cession of non-bank subsidiaries to the private sector will be done using transparent evaluation mechanisms and through stock exchange.

The Ministry of Economy will provide the necessary support to the banks in this regard, which is emphasized by the supreme leader, the President and legislator, he continued.

The Minister further said that the Ministry of Economy will develop the mechanism to inform all applicants of banks surplus assets as soon as possible.

Regarding the preparation of the Banking System Reform Plan, Dejpasand said that the plan was presented to the President in September and that the Ministry would follow up on the recommendations provided in the plan until the results are met.

At the conclusion of the meeting, the Minister praised the assistance provided by the banking system