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This chapter draws on the Financial Sector Assessment Program (FSAP) undertaken in 2000, and provides updated information and analyses on several aspects of the Iranian financial system. It is prepared by V. Kramarenko
These ratios do not include the Postal Bank and some banking institutions, which are not covered by the monetary survey.
These ratios are not fully comparable to those in other countries owing to differences between Iran’s accounting standards and the International Accounting Standards (IAS), as well as lack of proper regulations on loan classification and provisioning.
Since there are long waiting lists for loan applications in state-owned banks, many companies in urgent need of liquidity apply for bridge loans from private banks, which are subsequently refinanced by state-owned banks.
The divestment program mainly offers large blocks of shares to strategic institutional investors.
The proportion of shares that are held by the public at large and are freely available for trading.