According to Iran Stone International Exhibition, if you take a few minutes to search the bank's surplus property system you will find several factories in different cities of the country to buy! Following the suggestion that banks should exit the corporation, they were required to sell their surplus assets. The total amount of these assets amounts to about one hundred thousand billion tomans and in the first phase seventeen billion tomans are to be sold. From the point of view of the banks finally leaving the business and returning to their true mission, good things have happened, but when we get a little deeper into the story, questions come up: Where did these assets come from? Will we see their volume decrease by selling about one-fifth of banks' surplus assets in the near future?

The fact is that banks have swallowed up factories and workshops because of bank delays, employers have been housed, and workers have been laid off. Of course, in the last one or two years there has been an attempt to stop this process. On the one hand, officials, including the judiciary, insist that a factory should not be closed under the pretext of bank delays and on the other hand that it pass a law that would facilitate the settlement of bank delays. However, even if we optimistically assume that the substitution process for the factories and manufacturing plants has been temporarily halted, there is a debt accumulation process, and in addition, the factories closed due to the substitution are being buried in many parts of the country.

What is the story?

The disaster that banking facilities bring to manufacturing firms is terrible. In recent years, banks have been obliged to finance part of the production units. According to a budget bill the government has submitted to parliament, the trend will continue next year, and the situation may even get worse. The review of the budget bill of 1399 shows that the share of the banking system resources in financing the budget has increased even more than the share of oil. Probably some of these resources are still lent to small- and medium-sized employers and employers, who are already bent on high bank interest and many have gone bankrupt. The story is that the bad economic situation has caused many manufacturing units to face liquidity problems.

"We have been witnessing currency and price shocks since Ahmadinejad's presidency," said Jamshid Adalatian Shahriari, a business activist, "and they have been happening ever since." For example, last year the currency price multiplied once. The result is an increase in the need for working capital for manufacturing firms. They have to borrow from banks to finance this.

He said: The planned profit is 18% and this year, in line with the implementation of Note 18, a loan of 15% was to be given. Considering the peripheral expenses, the loan producer receives over 20% interest, but the economic conditions of the country are such that the profit of production is not as much as bank interest. The result is that the producer is unable to repay his loan and the trouble starts from there.

This employer describes the process that leads to bankruptcy, confiscation of property and consequently loss of an employer's existence: Banking deprivations cause the employer to be subject to compound interest and face accumulated debt. When he cannot pay the debt, the bank seizes his property. It is usually the case that the First Bank confiscates more readily available assets such as a home and land and then arrives at the individual's factory or workshop. In fact, the loan that a person receives for the purpose of thriving his business throws him into a swamp of accumulated debt and puts him out of existence.

Pointing out that this is mostly the case for small and medium-sized businesses, he says, big factories are in debt, still borrowing, and no one is confiscating their property. These are small and medium-sized firms that are in a terrible cycle of foreclosure. The bank usually closes the factory after it has been confiscated and sells at a low price. Until someone finds and buys the factory, the firm is closed and its workers are unemployed. Even with the weird prices that are set and with bad economic conditions, it is not clear that this production unit will start again. In the process, there is a great deal of corruption, that is, the one who buys the $ 10 billion three billion factory is no longer thinking of setting up the plant, but rather sells its property and land and pays money.

The alarm sounded

It is very difficult to find accurate statistics of factories and workshops owned by banks. There are no clear statistics in this regard, and precise figures cannot be given because every day a factory or factory may be taken over and a factory or workshop may be owned by the bank every day. Despite the widespread comments made by provincial officials or employers in different provinces, there is a considerable amount of factories owned by banks.

For example, on July 1st, 2009, Masoumeh Moradian (Director General of Qazvin Governor's Office of Performance Management, Inspection and Legal Affairs) said: "In the province's sixty-eight production units, we are witnessing the succession of banks in these units. In Khorasan Razavi, the number of production units owned by banks is 133, Fars Governor said in May this year more than 60 Fars companies owned banks, this figure in Esfahan was 300 cases and in Alborz until 1397 , One hundred sixty-four units. In some cases, provincial authorities have announced, for example, that they have liberated or warned that some units are on the verge of being replaced. Zahir Pour Mojahed (deputy governor of Hamadan) on December 21, 2009, demanded that the banking system return these inactive industries to production cycle without announcing the number of production units owned by banks. It has been announced that from the beginning of this year until the end of the year and six production units have been shut down and the government-backed Hamedan province has returned to the production cycle with government support. On August 16, Mojtaba Razavi (head of Mazandaran's House of Industry and Mine) announced that two hundred and fifty units were on the verge of bank compliance, saying: "One hundred and sixty-nine units were owned by banks for boom." And its revival is planned and now it has reached ninety-five units.

This information gives us a general overview of the situation in which factories and workshops have been hit by bank lending. In November this year, following the announcement that banks were going to surrender their surplus assets, it was announced that the 1,400 industrial units owned by the banks would return to production. Given that less than one-fifth of the banks' surplus assets (seventeen billion to one hundred thousand billion) are offered for sale, one can estimate how many units of production were abandoned to banks for any reason. . The order issued by the Attorney General on December 17, 2009, declares that the production units that have borrowed for a project and have placed the project under the bank's bankruptcy, if the price of the premises pays the company enough debt, And failing to enforce other bail, it shows that the process of succession of possession continues and has caused many problems.

Facilitate bank debt debt settlement

On December 20, 2009, it was announced that the Expediency Council had approved a debt relief facility for the country's banking network debtors. Although the law is nothing new and we have repeatedly seen banks requesting compound interest payments in recent years, it will be subject to much controversy until it is passed. Employers say it's a compound benefit that some producers put into the black soil, and if we were to realize the slogan of production and producer support, we should have thought about it.

The problem is debt accumulation, which is caused by compound profits, says Justice Justice Shahriari. Banks, in many cases, do not have a job as producers and producers face a crisis. They want their money and put bail on it when they can't get it.

He says let's examine how many manufacturing units are closed for this reason, some workers are laid off and some are jailed because of this: In many cases we have seen banks debit debt relief, Various law-abiding people are bidding and raising the debt burden on producers by presenting schemes.

Workshop closures, workers' unemployment

"Banks need to support producers because the problems have caused many of them to be in debt," said Fathollah Bayat, head of the Iranian Union of Contracted Workers.

Dominoes with no cash and working capital, borrowing, inability to repay loans, debt accumulation, bank foreclosure, factory closures, and workers' unemployment are all familiar with these years of production in Iran. Existing trends have led to loans that are intended to improve the business situation, which actually lead to manufacturers being bogged down and the production units being shut down. In a situation where the economy is not going well and we are facing increasing unemployment, we need to think about the production units owned by banks.

Following the problems created by bank delays for manufacturing units, the Attorney General said: "Although banks have the right to make money because of the people's money, closures should not happen; they must be resolved in some way."

Notwithstanding such assertions, one should not think that no factory or workshop will be replaced by a succession.

Mehr Reza Hosseinzadeh (CEO of Melli Bank) said: "No production unit will be suspended due to bank delays, but if the business is suspended due to disruptions in production unit or production closures due to any economic activity, the bank will be suspended. It is a pity that it owns the institution.

 This may indicate that there is still room for banks to succeed. In addition, existing plans, such as debt relief approved by parliament, are more temporary.

The current trend must be stopped, namely the compounding of liquidity will be abolished and, on the other hand, the interest rate on banking facilities for producers should be lowered. Otherwise, as more jobs fall, more and more people will be joining the massive army of unemployed.

* Ilna