Banking and insuranceEconomical

322% increase in Bank Mellat’s net profit in June 1401


According to the financial news report, citing the public relations of Bank Mellat and based on the financial performance report published at the end of this spring season, while the profit per share of this bank at the end of the first quarter of last year was recorded at 101 rials. At the end of this spring, it reached 426 rials, which shows a growth of nearly 322%.
Bank Mellat’s profit before tax has also increased by 391% in June this year compared to the same period last year.
According to this report, the profit before tax deduction of this bank at the end of June last year was equal to 23.143 billion Rials, which increased by 391% to 113.737 billion Rials at the end of June this year.
Based on this, the income of Mellat Bank, which is active in the country’s capital market under the symbol WebMlat, has also increased from the amount of 129.098 billion Rials at the end of the last quarter with an increase of 83% to 236.007 billion Rials.
At the same time, Bank Mellat’s net fee income was announced at the end of this spring at 21.951 billion Rials, which shows a 111% growth compared to the figure of 10.381 billion Rials in the same period last year.
The total operating income of Bank Mellat was reported as equal to 68.942 billion Rials at the end of June last year, which increased by 199% at the end of the quarter of this year and recorded the figure of 206.254 billion Rials.
This report indicates that Mellat Bank is the largest stock market bank in the country with a registered capital of 207,042 billion Rials and an unregistered capital of 55,000 billion Rials, which was approved by the shareholders at the extraordinary general meeting at the end of June.

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