today is thursday, the 9th of december, the 16th of jumadi al-awwal and the 3rd of november in tehran, sunset will be at 165 :00, maghrib azan will be at 17:00, and sharia midnight will be at 23:90. thank you very much for your cooperation. i invite you to be a viewer of today's economy table , performed by my colleague mr. bozorgen . greetings to you, mr. bozorb, in the name of god. the light was transferred to the national bank. this is the topic of our economy table. we want to discuss what will happen next what should people do, should they be worried or not? naturally, the answer is no. our time on channel 1 is over. if you are interested in following this discussion, watch us on

news channel. and in those step-by-step works that before that we witnessed that the development institute was resolved , it went aside today we are witnessing that the noor institute is being transferred to the national bank. noor cannot be integrated in national bank, which means all the assets and files and all the associated problems it is not coming to melli bank, it is simply being transferred, valuable assets are being transferred, activities that all the work that we used to do in the noor institute , you were doing whatever

you did at the branch. you would do i told you, the central bank had promised that the non-performing banks, the banks that have problems , will not check their incomes and expenses, their balance sheets will not be checked, their management has not been in a good situation so far, they will come and appoint a supervisor, they will assign a task to them. he gives them a deadline. this is possible for banks and other institutions will also fall, but anyway, it is a plan, a long-term plan that the central bank is doing, because these banks that we are talking about in this way are working in this way. let's take a look and see where this noor institute came from, how it worked, and where it got to. to become one , saying that we want to become a credit financial institution , what was the work of the future, i don't know. your presence, as i was the pioneer of the yazd desert, was strange. there were one or two other funds. there was also a family called eskandarizadeh family . how many of them are muhammad? they all came together and said that

we will meet the next arrested central bank . give us a permit. we will become a credit financial institution. in the next picture, we will see their license together. in 2014, you have my license here . you can see that in 2014, norshami general credit institution received a license from the head of the central bank at the time of mr. saif. it started working as a credit financial institution. see you next time there are about 20,000 branches, there are about one and a half million accounts in bank noor, that is, one and a half million people have accounts there, there are about 33 assets they have there , what are we going to discuss in today's economics desk, i may have a few questions for you. let's say that you had an account in noor institute, shares , for example, you wrote a receipt, you had a contract there, you did something, all this will be transferred to the national

bank. light , for example, may arise and there are many questions we will get their answers in today's economic desk program. my colleagues in the bank and insurance group will prepare a report and we will see it together . we will come back and start our conversation with the guest of the program . this disharmony cannot be continued at all. the continuation of the issue caused an action on the agenda of the 13th government . we will act quickly on the third one, we will remove them from the monetary and banking system . to the banks and credit institutions of natraz they have to solve their problem within 6 months, then with the identification of several banks and credit institutions that do not meet the promise , the determination of their duties became more serious. 3

credit institutions will be liquidated until mehram, god willing. the central bank is the first step. he dissolved the development institute and now, with the integration of noor institute in the national bank of iran , he has taken the second step in line with the reform program of the country's banking system, a merger based on which all customer deposits in this credit institution are automatically transferred to the national bank of iran within a few months. it is transferred that overdrafting means creating money, yes, that lack of capital means creating money for banks that do this there are no two sides to it, if it cannot solve its imbalance , it will definitely go towards liquidation. an institution that was established in july 2014 by combining four cooperatives and qarz al-hasaneh fund. but due to financial violations , he was not afraid and in the end caused overdraft from the central bank. have an overdraft for a year in a row

. in general, it means that he is managing with other people's money, he is creating money. now, with this decision of the central bank, 2 million accounts. the depositors of 250 branches and 200 employees of this credit institution will be transferred to one of the largest banks in the country. an experience that in 2018 for more than 10 million accounts and 4 thousand bank branches happened. of course , the central bank's actions to monitor non-performing banks will not stop there. definitely, the opinion that we will see in the coming months in the central bank is different from the one that exists today. with the promulgation of the new law of the central bank, the authority and independence of the central bank will be greater than before to deal with the defaulting banks. sara fazli, sedavasima news reporter . well, we have seen the report of my colleague here in the studio of the economic desk of mr. sedki, the general manager of the supervision

of banks and credit institutions. mr. najarzadeh, ceo of national bank of iran and mrs fazli is in the other studios of the bank group's news economy desk and sadasima's news insurance . i will start by asking mrs. fazli what promises and actions the central bank has made so far to improve the situation of the banking network that we saw in your report. and the new laws that are raised. hello, i would like to serve you and the esteemed viewers as well as the guests present in the program of the governor of the central bank in may this year, a six-month deadline for banks and institutions. to resolve their own disagreements, otherwise they will go to the decision. president at the time of presenting the seventh plan bill to the parliament , they emphasized the need to correct these discrepancies in the banking system . well, in this regard, the central bank, in order to correct

these dissatisfactions in the banking system , took the first step towards liquidating the development credit institution in october this year. and in the second step, he took the second step to transfer the noor credit institution to the melli bank of iran, and now we will learn more about the details of this claim and the future plans of the central bank due to the presence of the honorable representatives of the central bank in this program. let's hear an important point that i would like to share with you i believe that with the approval of the new law of the central bank and the increase of the authority and independence of the central bank in the banking system, this bank can go to deal with the bank or credit institution in four stages, and when this deal does not work, it can move towards making a decision.

according to the honorable minister of economy, mr. khandozi, this decision can be made even without a per capita permit. thank you very much for your report, mrs. fazli, mr. sedki. please let us first talk about why we are not saying merger , why we are saying transfer. transfer we transfer institution deposits we have noor to bank melli, and in return for this deposit, a part of the assets of noor institute will be transferred to bank melli, so noor institute exists in this plan in the first step, that is, it has a legal personality , and there is no question of incorporation, in fact, it is liquidated. and liquidation, in this case only for the purpose of actually cleaning the balance sheet of this institution, a part of the assets will be transferred in exchange for the deposits , that is, what

is the noor institute doing now? according to the legal approvals of this institution, it will reach the end of the line and actually actions law regarding the liquidation and resolution of the institution. according to the legal duties that have been assigned to the central bank based on the approvals of the supreme economic coordination council of the three heads of the central government , what happened to the noor institute until then, when the central bank came to the conclusion that the noor institute should be transferred to the national bank and actually go to look at this situation that we are witnessing today for the institute of affairs. well, this discussion is related to the discussion of reforming the banking system. reforming the banking system has been discussed everywhere for years as part of the tasks of the central bank, and since 2017, the heads of the three branches have been discussing these specific tasks. to organize the market especially the money market and the reform of the banking system are pursuing this issue from the rights of depositors. in

the plans that were made, priorities were identified in the disagreements and in these disagreements, the noor institute was actually born from the liquidation of illegal institutions in the unorganized financial market. there was this dissatisfaction in that unorganized money market in this institution, and therefore, in order to solve this dissatisfaction and carry out the task of reforming the banking system , the central bank returned stability to the banking network and the money market. institution to a bank big and supported by the representative of the national bank, if we want to talk more simply for the viewers , now, for example, we are saying that their balance sheet is good, what exactly was wrong with the noor institute , which, for example, we may see in other institutions, maybe in some banks, that the bank move the center in this direction to dissolve these, merge or transfer any other work, which in simple language

is imbalance, in fact, imbalance is a word , this imbalance means the imbalance of debt assets , in fact, an institution or a bank and according to the liquidity imbalance that is created for that institution for example, i see his education as a disgrace or a dishonor that these assets were transferred from those productive institutions and in fact did not generate cash flow for the institution, and this imbalance means that an institution cannot, as in in fact, a bank or a normal institution should create cash flow, have productive assets, have a normal banking operation wheel , so this imbalance is one of its solutions. it is almost no office day since saturday, mr

najarzadeh, what will happen to the customers of noor bank if someone has a deposit there, for example noor institute in the name of allah rahman . greetings, sir and dear viewers, from saturday , the process of transferring noor institute to melli bank will be officially completed, and naturally, the dear customers of noor institute will be the same . the services they used to receive from noor institute can be received by the former branches of noor institute in the same format from melli bank . there should be no problem anywhere. also, all the governance systems, including sadna paya, are connected. i mean, for example, now i had money in my account at noor bank in noor institute , what will happen to this money? well, this money will remain in noor's account until

the transfer conditions are met. it happens that since saturday, we have a counter from melli bank in the branches of noor institute, and the banking services of melli bank are also in that institution, i.e. the branches , in the next 3 months, they will get a new account number, yes, their national account number, you will get their national account saturday morning, now, for example, i didn't want a child, my money is in noor institute or that's it new national bank can stay now, can i get my money? yes, there is no challenge. how much is the deposit now? yes , how much

is the deposit transferred to you now? to be transferred to the national bank, it has been decided that with the joint meetings we had with the central bank, the assets that are completely under the control of the noor institute will be transferred to the national bank , what will be transferred to the long-term deposits? the same conditions as that day, for example, coming to noor institute it does not make any difference to enter into a contract with the current melli bank. exactly, all the understandings between the client and noor komaf institute are valid, and we are committed to fulfilling the obligations of noor institute, that is, there is no difference in discussing the previous agreements of noor institute with respected customers. and that the question may seem very simple, but for example, someone who now has a bank card of noor institute can go to an atm and transfer money , there will be no disruption to his purchases.

the former noor komaf institute continues and with support what about the national bank and what to buy? it doesn't make any difference , it doesn't make any difference to them, it doesn't make any difference, the same contract that their account is closed, which doesn't make any difference, they can take the money if they want. what about virtual privacy? exactly the same as our previous routine , the point is that they should use melli bank or noor bank, not noor institute. but the counter that exists in noor institute from melli bank has the possibility that these conditions are in melli bank. to establish for respected customers and after 3 months have passed, he came to his account and got his national account number, he can come from national banking services until then, internet services will be provided at noor institute, so it will be done at noor institute, but respected customers are free to receive their services from melli bank as well

, because in the former branches of noor institute, the cash desk of melli bank will be active from saturday. and what will happen to you now, now the head of national bank will be installed in place of noor or something else , based on the agreements we made with the central bank of noor , from today, the head of noor branches will be replaced by the head of national bank, that is, we are now the national bank of sardar board of nota institute before saturday it is supposed that a person, for example, has now taken a loan from noor institute , now, how will it be, based on the agreements that have been made and the approved memorandum of understanding that was concluded between us, noor institute has been approved by the central bank, and all the facilities have been given to the bank.

melli has been transferred, of course, the studies have been returned, the funds have been paid , and all this is done in the new institution with the coordination of the national bank. what is the credit for the studies, for example, what has been in the queue to get a loan ? agreements and customer participation respected, it is enough and the products of noor institute, according to the investigations we have done, the same obligations and the same products are valid in the national bank , and god willing, regarding the payment of education, that education will be paid by the national bank, god willing, mr. sedki, now, maybe now yes, our bank is a state-owned bank, people know it now, and how much does the central bank guarantee that all the events that mr. najarzadeh is referring to will happen completely and nothing will happen to all customers, so they don't have to worry.

yes, there are two points, fortunately all of them the statement of briz and... is very clear and determined in the competitions of the specialized committee for the reform of the banking system, in fact , the solution has been determined, the solution has been found, and all the efforts of the central bank are to ensure that there is no concern and, in fact, now there is no harm to the people and the deposits . depositors should not be created in this field, in any case , melli is a large and well-supported bank in the state banks, and the central bank and the people must have no worries at all, depositors of noor. they don't have any reason , as they mentioned only to receive banking services and the banking service will be from saturday instead of noor bank melli, which means that there will be no change in terms of our depositors.

in the same way, melli bank is actually fulfilling its obligations according to these approvals and the letter of recommendation that it is referring to, and in my opinion and predicts that there will be no problem at all, god willing. for example, in the incident that we witnessed before, for example , for sepeh, where we used the word integration, now you know that there is a transfer, there was a lot of talk. the central bank used to be the central bank, i remember that they said that a lot of money was imposed on the banking network because of this incident , what is the situation now ? is this happening again ? no, or will it help the banking network because the 13th government's emphasis is on the balance sheet and banking discipline, and so on? as i said, this is about the stability of the banking network, and this plan is actually one of the pieces of that puzzle. in

the end, this discussion is about general interests for the benefit of people and society there is, and there is a banking network in this field, if we look at it from this point of view, any kind of reform we want to look at from the point of view of reform, any kind of reform and changes may have costs. in any case, the policy maker and the government are looking to pursue these reforms with the least cost and with the least possibly stressful conditions and non-financial conditions that are likely to be created in these fields . network, see the cost, if we consider the cost of these riyals, which i mentioned anyway, that any merger dissolution, of course, now that the issue is transferred, we don't have the discussion of merger or dissolution for noor, but in any case, i have a different opinion. anyway, if we

have set the final result in this stable health, the end result will be more than the cost, that's why you went for the transfer, you didn't go for the merger, and these are liquidation, not the intention of the noor institute, anyway, it has a series of duties and responsibilities in determining the assignment, in fact, the remaining assets , this must be done, and in any case, this noor institute has a board of trustees and duties he is following himself. we had a development institute in rome now we have noro. in our previous interviews with the central bank and the officials of the central bank, your colleagues were an institution and a bank. which institution is the next institution? look at those three institutes that we talked about, yes, the noor institute, which was assigned a task, the development institute, in the same way, the caspian institute , in any case, it is actually assigned to its assemblies by the central bank's supervisory board, in fact, within the framework of the approvals and tasks notified . its assemblies have been held

, it is going through its own stages, how long will it last, for example , it is being done, in fact, the last year is the last, in fact, its assemblies are up-to-date assemblies because the most important issue in determining the tasks of these institutions is the updating of the assemblies, the review of financial statements, financial information and issues like this. anyway, in this assembly, which was held in 1401, the transfer of liquidation is based on this, based on the decisions that are going to be made. can you get a ripper and what is the bank? in fact, if you look at the bank, you will see a package, not us , for the imbalance, the central bank is considering these banks with different approaches, which is the dominant approach , as the honorable chairman of the central bank has pointed out. revival and reconstruction of these banks. so we are in the issue is that we have a non-performing bank, which we have no doubts about, but this is the approach of the central bank , and i

said that i should be reformed. this financial pressure has a cost, any other thing that we have discussed together , please tell me what will be the result of the employees' deposits anyway. we have the issue of light, it is about transfer and organization and management the property debt of the employees and branches of noor credit institution is naturally, well, our 248 branches will be transferred to the

national bank, approximately 200 personnel and services. i hope that there will be a cost for this issue. this transfer is taking place. naturally, these people will be the branches and personnel of national bank. we have held very good meetings regarding the human resources of noor institute in the past weeks. we have held all the provinces of the bank. national joint meetings with respected colleagues in the institute hold light sufficient recognition has been achieved. some of the colleagues to become familiar with the terms and conditions of noor institute and some of the colleagues of noor institute to become familiar with the terms and conditions and regulations of national bank .

naturally, due to the fact that on saturday, the cashier of the national bank will be stationed at noor institute, this transfer of knowledge and experience will be easier. regarding the personnel of noor institute, according to our situation, the operational order is to recruit and the employment of these loved ones in the board of directors of the national bank will be finalized, how long will it take within one or two weeks, before these last weeks? we had joint meetings with our respected colleagues in the employment affairs organization, and there has been a correspondence , do you have the same time? who was working at noor, by the way, due to the experience and knowledge of our colleagues at noor institute

, many of the modern needs of human resources in national bank can be solved with the presence of these loved ones. what is the task of that part of the events? well, that's your issue it is the area of ​​the central bank that mr. sedki can see what is happening, mr. sedki, let the shareholders know that i told them that this is a piece of matter . in that meeting, the task of the banking system reform expert committee was assigned as one of the matters that the supervisory board and in the future the settlement board. in fact, the issue of resolving shareholders' issues is ongoing, and this will not be a problem both in terms of the legal framework and in terms of the framework that has been seen in the approvals of the heads of the three powers after the competitions, and according to the law and the framework of the promulgated regulations of that issue it will be followed up and it will be completed if you which of these processes now, if the national bank does not do its job well, where should people go to the central bank, and what number should they call ? anyway, look at the national bank, as a bank that

is participating in this plan and this and that. in fact, we should keep in mind that in this context, probably in this way, definitely in this way, probably, no, definitely not in this way that we say that the national bank is violating, from the point of view of the central bank, it is possible that the national bank, in fact, because of technical and operational discussions and ziresti needs an opportunity, which is natural that this part is also in the executive order the operation that is mentioned is also planned, which means that these are the issues that are actually being done, but in fact, the result of this work will not change at all for the people from saturday. i don't feel anything. yes , i don't feel anything. these are the issues. that national bank itself will resolve these issues, god willing, mr. najarzadeh, if anyone encounters a challenge in this process, or has a question, where can they go? we

have started communication with our customers from this very day. dear people who have questions about this they are in the process of transfer, they can contact us with the full number 6414. our colleagues are responsible for these dear ones. similarly, in noor credit institution , they can contact us at the number 42 93 10 10. thank you very much for the special information. the two numbers are 6414 and 93. there is a number you can call if, god forbid, you have a problem . thank you very much to all the guests of the program, to all the good viewers of the economic table, for example , you have made us complete until this moment, god bless you.

everything started on october 7, 2023, in an operation called tofan al-laqsan.