Approval of Bank Iran Zamin capital increase

According to the Iran Economist, Bank Iran Zamin, which has been raising capital issues on its agenda for some time in order to exclude itself from Article 141 of the Commercial Code, has now announced that this operation is in its final stages in the Central Bank. It is the threshold of implementation.

Accordingly, Bank Iran Zamin submitted a report justifying the capital increase from 4,000 billion rials to 20,000 billion rials in order to increase the capital by 400% from the cash inflow by depriving the current shareholders of the preemptive right after the approval of the board of directors and the auditor. And the legal inspector has disclosed.

As Bank Iran Zamin has announced, بانک The audited financial statements of this bank are in the final stages for the date ending March 20, 2017, and according to the plans, the audited financial statements up to March 21, 2017 will be before It will be published from the end of this year.

Updating the information of Bank Iran Zamin, along with increasing its capital, can be considered a new chapter in the period of its activities.