Confirming the capital increase of 91 thousand billion riyals of Bank Mellat from the accumulated profit

According to the report of financial financial news, citing the public relations of Bank Mellat, in an announcement, this bank announced the opinion of the auditor and legal inspector (auditing institute of the auditing organization) about the explanatory report of the board of directors for the capital increase from the amount of 262,000 billion rials to the amount of 472,000 He put billion Rials from the accumulated profits on the Kodal system.

Based on this report, the audit organization has announced in its report that taking into account the effects of the explanatory paragraphs of the report of the overview of the financial period ending on 31 September 1401 regarding the compensation of the deficit in the resources of the pension fund of the bank employees, the deficit of the tax payable, the reduction of the accumulated value of the granted facilities and exchange of foreign currency assets and liabilities according to auditing standards and results of Bank Mellat’s claims from the government, the transferable balance of accumulated interest to capital is 91,000 billion Rials.

At the same time, the auditor has emphasized that the explanatory report prepared about the capital increase was properly prepared and presented according to auditing standards.

This report indicates that the Board of Directors of Bank Mellat, using the benefits of the tax exemption subject to clause (f) of Note 2 of the budget law of 1401 of the whole country, reforming the financial structure and paying attention to the policies of the big bank in the field of increasing income as the goals of this increase Capital is mentioned.

Based on this, the capital increase of 91,000 billion riyals of Bank Mellat from the accumulated profit will be subject to obtaining permission from the Central Bank and the Stock Exchange Organization.