“Ali Saleh Abadi” became the CEO of Omid Investment Group

According to the financial news report, quoted from Sepeh Bank’s information base; The ceremony honoring Seyed Babak Ebrahimi, the former supervisor, and introducing Ali Salehabadi, the new CEO of Omid Investment Group, in the presence of Ayatollah Ebrahimi, the CEO and members of Sepah Bank’s board of directors, members of Omid’s board of directors, and managers of Omid Holding’s subsidiary companies in the building of Shahid Qassem Soleimani Bank. Sepah was held.

Ayatollah Ebrahimi, the CEO of Sepeh Bank, in this ceremony, while congratulating the members of the ceremony on Shabaniyeh and welcoming the members present at the ceremony, praised Seyed Babak Ebrahimi, the former head of Omid Investment Management Group, and said: He is one of the capable and expert managers who interact and cooperate Along with their colleagues, they were able to be the source of useful and constructive actions during their stay in this company.

Ebrahimi further expressed his satisfaction with the presence of Saleh Abadi in Omid Company and stated: Saleh Abadi has valuable records and experiences in the financial and economic field of the country and has been responsible for great responsibilities in the money and capital market, which Omid Company is certainly Paying attention to their abilities and capabilities will quickly take the path of growth and development.

In the following, Seyed Babak Ebrahimi, the former supervisor of Omid Company, while presenting a report on the performance of his tenure in this company and expressing gratitude to all his colleagues, said: All the great achievements of Omid Company were made possible by the efforts and cooperation of each and every one of our colleagues, and we hope that the process of success will continue with The presence of a capable and experienced manager like Dr. Saleh Abadi will accelerate.

Ali Saleh Abadi, the new CEO of Omid Investment Company, also praised the efforts of the previous manager of this company and said: The group of managers and employees of Sepeh Bank and Omid Company are among the best in the country’s banking and economic system. Therefore, we hope that with the cooperation and synergy of all colleagues, we will be able to realize the optimization of Omid’s portfolio and create a brighter future for it.

Saleh Abadi continued: If I want market indicators and variables including market value, number, value and frequency of transactions, the period of stoppage and reopening of symbols, the degree of transparency of companies, the diversity of stock market industries, the diversity of instruments and financial institutions, the amount of financing from the capital market. Now, if I compare it with about 9 years ago, i.e. 1984, when I was elected as the Secretary General of the Brokers Organization, I must say that the dimensions and extent of the stock market today are basically not comparable to that period of time, and fortunately, the stock market today The help of Altaf Elahi and the support of the pillars of the system and the efforts of my colleagues in the capital market have a special place in the economic field of the country.

With a review of Saleh Abadi’s 8.5-year track record, it may be possible to implement the securities market law and separate the capital market supervisory body from the executive bodies, launch various financial instruments, launch various financial institutions in the capital market, develop electronic stock exchange, provide rules and regulations. He called the need to expand the stock market and develop the culture of shareholding in the country as one of his most important measures in the country’s capital market.

Actions in the field of new technologies and governance of Rial
One of the most important measures implemented in the past year was the completion of the items contained in the strict Czech law. Organization of more than 18 million payment gateways and card readers, separation of commercial and non-commercial accounts, self-declaration of 220,000 commercial account holders in cooperation with the Central Bank and the Tax Administration, implementation of the new check law and the creation and improvement of check systems, a significant reduction in bounced checks and accreditation To check, intelligent identification of suspicious networks, establishment of a payment system based on Rial, Rial code, and the publication of the Central Bank’s digital Rial document draft, the operationalization of the Siyaq system, the emphasis on the central system of activities in serving the public, were among the most important actions of the Central Bank. which was implemented in the last year.
The index of monetary totals in the last 15 months also shows that the 12-month growth trend of the monetary base has experienced a significant decrease since Dr. Saleh Abadi started working and was affected by the disciplinarian approach of the government and the active monetary and supervisory policies of the Central Bank and from 42. 6% at the end of July 1400 reached 34.5% in October this year. Despite the implementation of the popularization plan and the fair distribution of subsidies and the removal of preferential currency and cash subsidy deposit, the mentioned variable is still on its downward path.
The review of the country’s economic statistics in the past year also confirms the change in the trend of economic indicators such as liquidity growth and inflation despite the government’s budget restrictions. In this regard, the analysis of the twelve-month growth rate of liquidity shows that this component has decreased from 42.8% at the end of October 1400 during a downward trend to 34.3% at the end of October 1401.
This year, due to the efforts and focus of the Central Bank on the implementation of the policy of controlling the growth of banks’ balance sheets and imposing penalties (adjustment of the legal deposit ratio) for delinquent banks, the growth of banks’ money creation and consequently liquidity was also controlled to a significant extent.
Regarding the central bank’s monetary policy and the increase in repurchase agreements, the central bank in the past year and a half focused on collateralizing and regularizing the financial relationship between itself and the banking network (through the development of open market operations and providing regular facilities to banks at the ceiling rate interest rate corridor) and by using market-oriented tools, it pursued its operational objective of controlling the growth of liquidity and the monetary base.
Therefore, according to the policy goals and forecasts of the liquidity situation in the interbank market and the situation of reserves required by banks and credit institutions, in order to stabilize the interest rate of the interbank market around the policy rate and also to control the overdraft of banks in relation to the increase in volume Open market operation in the form of a repurchase agreement (with a maturity of one week) and took place on a case-by-case basis, which resulted in good results.
Inflation index has also undergone significant downward changes in the last year and a half. The point-to-point inflation rate in February 2019 (65.3 percent) and the average inflation rate of twelve in September 1400 (59.3 percent) had experienced their highest figures in the last forty years.
According to the Central Bank’s report on changes in the price index of consumer goods and services in urban areas, the inflation rate (twelve months) at the time of the beginning of the 13th government reached a record low of 59.3% in September 1400, but following the policies implemented and the executive measures in the field of more effective management of monetary changes, monitoring the price of goods and services and adequate supply of basic goods, the inflation rate started to decline from that point on and reached 46.2% at the end of 1400 which confirms the decrease of 13.0 percentage points in the inflation rate.
In this connection, the point-to-point inflation rate decreased by 25.3 percentage points from 54.9% in September 1400 to 29.5% in March of this year.
Although the downward trend of the inflation rate point by point since the beginning of this year was affected by the inflationary effects of the implementation of the legal duty of the popularization of subsidies and the elimination of preferential currency allocation, it stopped and in the first four months of this year, as expected, faced an increasing trend, but considering that the aforementioned policy typically It caused the price correction of a number of goods subject to receiving preferential currency directly and indirectly, the inflation level of basic food commodities returned to its previous path from August of this year and in total the point-to-point inflation of the price index of consumer goods and services decreased from August of this year. It has been reported that this continued in November of this year and has reached 44.3% in November from 45.8% in August of this year.
Meanwhile, the twelve-month average inflation rate in November of this year was recorded as 39.9 percent, which shows a 19.4 percent decrease compared to the inflation rate at the time of the establishment of the 13th government (59.3 percent).

At the end of the ceremony, Ebrahimi, the CEO of Sepah Bank, presented Saleh Abadi’s appointment to the position of CEO of Omid Investment Group and thanked the efforts of Seyed Babak Ebrahimi, the former head of Omid Investment Company, by presenting a plaque of appreciation.