67% growth of Iran Post Bank resources last year

According to the financial news report, citing the public relations of Post Bank of Iran, Behzad Shiri, CEO of Post Bank, while presenting a report on the bank’s performance last year, stated: The amount of facilities paid in 1401 increased by 97 percent to a figure of 418.5 It increased by one thousand billion Rials, and in terms of number, it reached 301 thousand with a growth of 34%.

In the continuation of the growth of the amount of guarantees issued in 1401 compared to the same period of 1400, Shiri announced 191% and said: We have had a special jump in the issuance of guarantees last year, from the amount of 23 thousand 712 billion Rials in 1400 We have reached 68,912 billion rials at the end of 1401.

Pointing to the 36.5% share of credit card payments, the CEO of the bank added: “The payment of credit cards is more profitable than other contracts, and we are trying to manage micro-facilities to pay them in the form of credit cards so that Increase the income generation of the facility for the bank and shareholders.
He added: The ratio of total non-current claims to facilities in 1401 has reached 2.7% from 3.7%, which shows a decrease of 27%.

Referring to the 78% growth of the amount of foreign currency remittances in 1401 and the bank’s performance in this field, the highest executive official of the bank said: The number of foreign currency remittances increased to 5,489 last year, which was 44% and the amount of these remittances was 78%, and from 553 million euros in 1400 has reached 985 million euros last year.

Pointing out that the bank’s resources have grown by 65% ​​over the past year, Shiri said: The bank’s resources have increased from 401.8 thousand billion rials in 1400 to 671.2 thousand billion rials at the end of 1401, and the main composition of the bank’s resources is from deposits. It is cheap.

Referring to the 86% growth in the number of electronic bank tools, he stated: This number has reached more than 5,410,000 from 2,913,000 in 1400 at the end of last year.

Shiri added: The transaction amount of electronic tools reached from 4.304 thousand billion Rials in 1400 to 6.434 thousand billion Rials at the end of 1401, which has grown by 49%.

Referring to the 29% increase in the number of daily bank transactions at the end of 1401, the CEO of the bank said: Last year, the amount of bank transactions also increased by 49% from 4,304 billion Rials to 6,434 billion Rials.

Emphasizing the comparative statistics of the bank’s assets at the end of last year compared to the same period in 1400, Shiri said: the bank’s assets have increased from 462.9 thousand billion rials to 810.6 thousand billion rials.

The highest executive official of the bank considered the management of the bank’s portfolio, including resources, expenses and optimal investment, as the factor of the bank’s income generation and said: the bank’s income grew by 69% last year, which was 77% in the area of ​​common income and 23% in non-common income.

Pointing out that most of the bank’s expenses are in operational expenses, he stated: Bank expenses have grown by 57% and non-operating expenses show a growth of 34%, and the bigger the bank, the lower its operational expenses.

Shiri added: Last year, the amount of domestic letters of credit – Rial increased by 304% to 12,547 billion Rials.

Referring to the activity of 5,785 rural bank branches of Post Bank of Iran, the managing director of the bank stated: the resources of rural bank branches as partners of the bank in 1400 were 274.5 thousand billion rials, which increased to 490 billion rials at the end of last year. which shows a growth of 79%.

In the end, the managing director of the bank, referring to the sustainable rural employment facility in the bank, said: until the end of March last year, 45,117 job opportunities were created by paying for this facility.