IBENA -quoted Divandari as making the remark in an address to the round-table meeting on Non-Performing Loans, Frozen Assets and Mechanisms of Overhauling Banking Statements on the sidelines of the 27th Annual Conference on Monetary and Foreign Exchange Policies.
He also welcomed formation of the Headquarters for Management of the Bank Overdue Debt Crisis in the National Development Fund.
He said overdue debts leave destructive effects on banking balance sheets, raising the cost sharply.
Elsewhere in his address, Divandari asked for drawing a road map to decide on the profit rate. “Of course, the Monetary and Credit Council have set the ceiling for the profit of the long-term deposits at 15 percent and that of facilities at 18 percent. However, there are good grounds for failure to observe the mandates.”
