Announcing the readiness of Cooperative Development Bank to play a role in realizing the Cooperative Development Document
According to the financial news report, Seyed Baqer Fatahi, Chairman of the Board of Directors of the Cooperative Development Bank, stated in the training workshop of headquarters and provincial managers: “The development document of the cooperative sector, like the statute, is the beacon of activity of the Cooperative Development Bank and the cooperatives.”
He added: The special belief of the President and the strong will of the Minister of Cooperatives, Labor and Social Welfare and the Vice President of Cooperatives to advance the programs of the cooperative sector is an advantage and an opportunity for the realization of this newly approved document.
This banking official said: The priority of government-administered funds to the cooperative sector and the annual allocation of interest subsidies for banking facilities for cooperative institutions and companies are among the important items mentioned in the new cooperative development document.
Fatahi continued: Considering the multi-sectoral and multi-institutional nature of the cooperative, it has been emphasized on the establishment of the Cooperative Coordination Council of Iran under the chairmanship of the President and the Vice-Chairman of the Minister of Cooperatives, Labor and Social Welfare and the Deputy Secretary of the Cooperative.
This banking official emphasized: All the bank’s indicators have been achieved at a level beyond the announced goals, and despite the proper realization of the performance indicators, it is necessary for all the operational components of the bank to be realized with a better slope, rhythm and synchronicity, so that the results of all operations have a positive effect. have in the financial index of the bank.
Fatahi said: There is a goal that the payment facilities of the bank in the coming year will exceed 500 thousand billion rials and the balance of the bank’s expenses at the end of the year will exceed 685 thousand billion rials and the bank’s npl will be controlled and managed at the level of 4%.
The Chairman of the Board of Directors of Tehsehe Cooperative Bank stated: In the year 1401, the credit facility under the responsibility of the bank had a growth of almost 470%, which was a very heavy task for the bank, and despite this very difficult task, with the efforts of the branch network, 80% of the notified and credit share was realized and in This year, with the consultation and coordination of the bank’s debt facilities, the bank’s operations are focused on the main mission of the bank, based on supporting the cooperatives and entrepreneurs.