An 800% increase in the capital of the Workers’ Welfare Bank was recorded

According to monetary financial news quoted by public relations Workers’ Welfare BankAccording to the announcement of the changes of this bank in the Registry Office of Companies and Non-Commercial Institutions of Tehran, the capital of Kargaran Welfare Bank from the amount of 23,326,000 million Rials to the amount of 192,689,000 million Rials divided into 192,689,000,000 shares. One thousand rials in name was increased from the current claims of shareholders and cash inflows and revaluation surpluses of assets.
According to the report, the official record of more than 800% increase in the capital of the Workers’ Welfare Bank is unprecedented in the history of this bank and a turning point in the history of its activities.
It should be noted that with the official registration of capital increase, the Workers’ Welfare Bank has become one of the top banks in the country in terms of capital adequacy.
It is worth mentioning that the increase of more than 800% of the capital of Kargaran Welfare Bank is another page of the bank’s calendar of honors in recent years, which will result in the development of financial and credit activities and more support for national production, improving economic prosperity and job creation.