It is a big mistake for banks to own production units

It is a big mistake for banks to own production units
  • 2020-07-04
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Qazvin Representative in the Islamic Consultative Assembly: The acquisition of industrial units and their auctions by banks under the pretext of debt is a big mistake and causes the closure of units and the cessation of the production cycle.

According to the International Stone Exhibition of Iran, the meeting of Qazvin province's facilitation and removal of production barriers was held on Wednesday evening with the presence of Zali, secretary of the national working group of the country's facilitation and removal of production barriers, Governor Jamalipoor, Lotfollah Siahkali, Fatemeh Mohammad Beigi and Rajab Rahmani The Islamic Consultative Assembly, deputy governors and executives of executive bodies were held in Qazvin governorate.

Lotfollah Siahkali stated in this meeting: the most important obstacle in the prosperity and leap of production of bank profits and this issue should be reviewed in the parliament to solve the challenge of the producer.

He added: "The money that the bank gives as a facility is in fact the people's capital, while it is as if the bank owns the capital and makes money from the people's pockets."

"Sometimes banks are not good lenders and they invest people's money elsewhere, such as property and land, so production is still difficult," Siahkali said.

He said: "Today, bank profits in the manufacturing sector are more than twenty-five to thirty percent, and with this approach, we should not expect a boom in production."

Siahkali added: "Banks do not have the right to own production units under the pretext of taking their claims and put them up for auction and stop the production cycle, and what has happened so far is a big mistake, and we will follow up on the issue in parliament."

The representative of Qazvin in the Islamic Consultative Assembly stated: The representatives of this period will seriously consider banking and insurance issues in order to remove the barriers to production.