Alignment of subsidiaries with business lines in 1401

Farshad Mohammadpour, Deputy Managing Director for Finance and Assemblies, referring to the design of the bank’s business lines for 1401, stated the above and pointed to the increase in the capital of the bank’s subsidiaries: For the last two years, we have been considering a plan to stabilize and develop subsidiaries. In the first stage, efforts were made to bring companies to a good level in terms of transparency and stability. Fortunately, the audit reports, which is an important indicator of transparency, were rated very well, and all of the bank’s subsidiaries received acceptable performance, which is very important and valuable for banks and financial institutions.
He added: “In the next phase, efforts were made to develop subsidiaries after the consolidation phase, and based on this approach, last year, in all subsidiaries, there was a very significant capital increase and an average growth of 50 to 1500 percent.” We have seen capital growth in subsidiaries, which is very unprecedented, and fortunately, by doing so last year, companies have made very good profits.
The Deputy Managing Director for Finance and Assemblies added: “According to the law, we are obliged to distribute a maximum of 10% profit among shareholders, which was done and for the financial development of companies in the following years, the remaining profit was not distributed so that subsidiaries have more development opportunities.”
He also pointed to the determination of the main lines of the bank’s business in 1401: Subsidiaries must plan in line with the bank’s policies. There are many capacities that can be used well. For example, entrepreneur insurance can do very well in areas such as health tourism insurance, medical equipment and the like.
In another part of his speech, referring to the approval and announcement of next year’s budget, he clarified: the absorption of low-cost resources in next year’s budget is targeted. In other words, the profit and loss of the next fiscal year depends on the realization of this issue, which requires the general mobilization of all units of the line and headquarters, and especially the branches in this regard.
Mohammadpour also referred to the cost of money in the bank and said: “Planning should be done in a way that reduces the cost of money.” Accordingly, each branch should have its own analysis of the cost of money in their branches, and if the cost of money is high, to make the necessary plans to reduce it to a successful and profitable bank next year with God’s help. Let’s be.