Iran’s largest credit institution has gone into administration amid the government’s continued push to reform the country’s banking and financial system.
The Central Bank of Iran (CBI) said on Sunday that it had appointed a team of three administrators to restructure the Melal Credit Institution after the lender accumulated a loss of 650 trillion rials ($590 million)
Head of CBI’s regulatory and oversight department Farshad Mohammadpour said the Melal Institution had an asset–liability mismatch of 450 trillion rials and its capital adequacy ratio was minus 41%.
Mohammadpour said that administrators are expected to restructure the Melal Institution in the next six months, mainly by selling off its non-banking assets, properties and affiliated enterprises to pay down its debts.
CBI’s decision about Melal Institution comes three weeks after the lender declared Bank Ayandeh, one of Iran's largest private banks, insolvent and transferred its assets and staff to the state-run Bank Melli.
That came after Bank Ayandeh accumulated losses of 5,500 trillion rials ($5.14 billion), in addition to 3,100 trillion rials in overdrafts from CBI resources.
The moves are part of the CBI’s sweeping efforts to reform Iran’s state-run and private banks despite the fact that the Iranian banking system remains under heavy international sanctions that restrict its access to foreign capital and investment.
Mohammadpour said last month that the number of distressed banks and credit institutions in Iran has been reduced from 14 to 5 over the past three years as a result of the CBI's reform plans.
He said that, in addition to the Melal Credit Institution, the state-run Bank Sepah and three private banks, Dey, Sarmayeh, and Iran Zamin, were undercapitalized or had high levels of non-performing loans.....
Original Article Appears Here: https://www.presstv.ir/Detail/2025/11/16/758954/Iran-Melal-Credit-Institution-administration-CBI
The document’s dismissal of Europe “as a power of no significance signals that there are three truly great powers left: the United States, Russia and China,” military expert Alexei Borzenko told Sputnik.
The US is also “well aware that we’ve outpaced them on certain types of weapons,” the observer said, citing Russian advances in hypersonics, and the depletion of US and European weapon stocks in Ukraine.
The US is eager to end the crisis in Ukraine, which has proven “a dead-end situation" for NATO "from which the only way out is peace,” Borzenko said, citing the document’s conciliatory language on the conflict and on Russia.
Furthermore, “during negotiations, the Americans figured out what the Kiev junta represents, and how difficult it is to negotiate with it. They understand what kind of crooks they are dealing with” and are tired of it, Borzenko argues.
That’s why various leaders’ recent claims that the Ukrainian crisis could end abruptly seems like a real ...
The head of the Supreme Alawite Islamic Council in Syria and Diaspora, Sheikh Ghazal Ghazal, has called for a nationwide five-day general strike in a “peaceful and clear response” to the religious persecution and sectarian violence against members of the community under the ruling Hay'at Tahrir al-Sham (HTS) regime.
Sheikh Ghazal, in a statement released on Saturday, announced that the strike will begin on Monday and will end on December 12, in response to the pressures and threats from HTS authorities.
“Our response will be completely peaceful, and will be expressed through a nationwide strike and staying indoors for five days,” he noted.
Sheikh Ghazal stated that the fall of former President Bashar al-Assad's government late last year was expected to usher in a new era in Syria’s history, but it was the collapse of remnants of the homeland under the motto of freedom.. ..more below
...
United States President Donald Trump came to power promising to stop America’s endless wars, but he is on the cusp of starting another one — in Venezuela. Protesters came out in cities across the United States to stop the escalating aggression of Washington towards the oil-rich nation.....more below
https://www.presstv.ir/Detail/2025/12/07/760163/US-protests-Venezuela-war
