462% increase in the payment of knowledge-based facilities by Saderat Bank

According to the financial news report, quoted by the public relations of Export Development Bank of Iran, Seyed Ali Hosseini in the annual general assembly of this bank, referring to the 30-year history of the activity of Export Development Bank of Iran, added: the current capital of the bank is 5 thousand 500 billion tomans, which if If we exchange the bank’s capital at the exchange rate of 20 thousand tomans, it will be about 1.8 billion dollars, and for this reason, we want to increase the bank’s capital.

He announced the number of employees of this bank as one thousand and 69 people and said: Export Bank of Iran has 38 branches all over the country, 5 of which are in Tehran and one branch in each provincial capital.

Hosseini announced that the total income of this bank last year was 51 thousand 302 billion Rials and stated that this amount has grown by 90% compared to the previous year.

According to the CEO of Iran Export Development Bank, the balance of facilities granted by this bank at the end of 1400 was equal to 610 thousand billion rials, which has increased by 19% compared to the previous year. The total assets of the bank are 985 thousand billion Rials, which has grown by eight percent.

Hosseini continued: We also paid 28,981 billion Rials to small and medium companies, which is 72% more than the amount paid in 2019.
He clarified: the capital adequacy ratio of the Export Development Bank was 12.1% last year.

Export Development Bank contracts with the National Development Fund
Hosseini stated that the sum of foreign exchange agency contracts and deposits in the foreign currency sector is 850 million dollars and in the rial sector is 46,600 billion rials.

He stated that the agency contracts of the National Development Fund and Export Development Bank in the foreign currency sector are 50 million dollars and in the Rial sector 16,500 billion Rials, he added: In the foreign currency sector, 800 million dollars of these contracts are deposits and 50 million dollars. Agency contracts are currency. In the rial sector, 16,500 billion rials of this amount are related to agency contracts and 3,100 billion rials are related to deposits.

The status of payment of facilities to economic sectors
CEO of Iran Export Development Bank announced the total disbursements of this bank in 1400 with 23% growth compared to the previous year to be 738 thousand 199 billion rials.
He said: 303,000 billion Rials of this figure are grants and claims from the government sector (59% growth) and 738,896 billion Rials (23% growth) are grants and claims from the non-government sector.

Hosseini stated that the total amount of facilities granted in foreign currency and Rial last year to the economic sectors was 196,83 billion Rials.
He explained: Iran’s Export Development Bank paid 36,605 billion Rials and 4 million dollars in facilities in the agricultural sector last year, which shows a growth of 107% compared to 2019.

According to the CEO of Saderat Development Bank, the payment facilities of this bank to the mining sector in 1400 reached 11,750 billion Rials with a 104% growth compared to the previous year. Also, the facilities paid to the industry during this period increased by 10% and amounted to 111,571 billion Rials.

Hosseini transferred the payment facilities of the Export Development Bank to the technical and engineering services sector to the three electricity, gas and water supply sectors; He divided construction, transportation, warehousing and communication and added: In 1400, we spent a total of 3,660 billion Rials (93% growth) in the electricity, water and gas supply sector, 1,353 billion Rials (351% growth). ) and we paid 1,313 billion Rials (1,780% growth) to the transportation, warehousing and communication sector.

He then went on to state the indices of the Export Development Bank last year and said: the net ratio of granted facilities to total deposits (after deducting the legal deposit) is equal to 167.6%; The ratio of income generating assets to total assets is 83.6%; The ratio of administrative and personnel costs to total revenues is 14.6%; The ratio of deposit interest to general income is 86.8%; The ratio of total non-governmental facilities granted to total assets was 74.6% and the growth of the balance of facilities granted to the non-governmental sector was 19.1%.

The CEO of the Export Development Bank, the major projects being implemented by this bank are 5 projects in the Bushehr Petrochemical Complex; Marine and port services of Aria Bandar Iranian; Gachsaran Petrochemical; Iran’s alloy steel and Jahan’s steel are Arvand.

Therefore, until the end of last year, Export Development Bank spent 18 billion yuan and 75 million euros for the construction of a petrochemical complex in Bushehr Petrochemical Complex; 173 million dollars for Shahid Beheshti port development project in Chabahar; 128.6 million euros for the plan to build an ethylene production plant in Gachsaran Petrochemical; It has paid 57 million euros for the construction of a 700,000-ton ingot production unit in Iran Alloy Steel and 154 million euros for the production of wide steel slabs in Jahanara Steel. According to him, the main projects being implemented by this bank are also related to five projects, which until the end of last year, 51.7 million euros for the construction of Salman Farsi Petrochemical Propylene Production Unit; 65 million euros for the project of the third line of electricity transmission from Iran to Armenia; 46.2 million euros for the plan to create a sponge iron production unit in Ardakan Steel Complex; 774 billion Rials were for the implementation of electricity transmission lines to the regional electricity of Sistan and Baluchistan and 9 million Euros and 250 billion Rials for the development plan of production of gas blocks of Iran’s Chinese clay industries.

It should be noted that the financial statements of the period leading to the end of the financial year 1400 of Export Development Bank of Iran were approved in the annual general meeting of this bank with the presence of the deputy of banking, insurance and state-owned companies affairs of the Ministry of Economy and other members of the meeting.