Actually, the power and main aspect of banking system is payment and facility system. On the other hand, the payment system is based on determined goals and directs national economy and affect greatly on economic activities in the micro and macro levels in the countries, but it depends on the power of facilities that banks grant them. This factor is influenced by governmental and private deposits in banks.

The total assets of the banking network were 696 trillion Tomans in Iran in 2010. 29.7 trillion Tomans was the assets of governmental banks and 54.2 trillion Tomans was for non-governmental and financial credit institutions. According to the official statistics of CBI in 2010, remaining total facilities granted by banks to the private sector was 266 trillion Tomans. 56.7 trillion Tomans of it was the share of commercial banks, 73.3 trillion Tomans for private banks, and 135.9 trillion Tomans was the share of non-governmental and credit institutions. 6.2 percent devoted to agriculture sector, 21.6 percent to the industry, 37.5% to housing and construction, 0.2 to exports, and 34.5% to domestic business, services and other issues from the total of these facilities.

Except from the effectiveness of this division in the accomplishment amount of product goals and also supportive goals for improving economic infrastructures in agriculture, industry, housing and construction, export, business, and service sectors, one of the important and neglected issues in banking system in Iran is using the capacities of bank resources to improve social capital of the country and its effect of these resources in advancing social purposes of Islamic Republic and all of the related organizations. In fact, it should be considered that the main approach of the system in economic issues and particularly banking is against common international economic and banking approach. Economic competition encouraged by economic schools under capitalism leads to class differences and the concentration of wealth in society. It is rejected from the perspective of Islamic economy school. In the manifesto of the Islamic Republic, the same as constitution, there are principles that explain this type of banking well. Article 3 of the constitution is about elimination of unfair discrimination and creating equitable opportunities is a part of government’s duties. Article 9 is accurate and equitable economic foundation in order to create wealth, eliminate poverty, and removing any types of deprivation from food, housing, work, health, and public insurance. Article 12 is about development and strengthening public cooperation among all people. Article 31 (paragraph 15) is about having house in accordance with every Iranian family and individual. Article 43 discusses about providing economic independence and eradicating poverty and deprivation, and meeting human needs by providing fundamental needs. Paragraph 1 providing work conditions and facilities, paragraph 2, Article 50 which discusses about protecting the environment and social life of today and future generations is one of the principles of social banking. In fact, attending to people’s fundamental needs of the society particularly poor groups, creating equitable socio-economic opportunities, removing poverty, environment are issues that are addressed in social banking. Public participation and self-awareness should not be neglected in directing financial and monetary resources, however. The important point about the efficiency of these monetary institutions in promoting socio-economic goals is directing available resources in the society towards equipping social bank reserves. Positive measures have been done in banking system in the country. Public participation and self-awareness should not be neglected in directing financial and monetary resources, however. The important point about the efficiency of these monetary institutions in promoting socio-economic goals is directing available resources in the society towards equipping social bank reserves. Positive measures have been done in banking system in the country. Allocated resources to these sectors was about 12.1 trillion Tomans in 2012. All of them are secondary objectives of social banking and the main goal is increasing social capital at society level. It is hoped that more organized measures will be done with special favors of monetary authorities and all banks in the country.

Source : Banker

News Code : 139753