Description of Bank Mellat’s achievements this year by the CEO
According to the financial news report, quoted by Bank Mellat’s public relations, Reza Dolatabadi, the CEO of Bank Mellat, in the meeting of the extraordinary general meeting of the bank, which was held with the aim of increasing capital by 91 thousand billion riyals from accumulated profits, added: this capital increase is aimed at using The legal capacities of Clause F, Note 2 of the Budget Law were carried out in the field of tax exemptions, and we hope that the legal registration work will be done before the end of the year so that we can benefit from the mentioned tax exemptions.
He also described the 10-month performance of Bank Mellat and, referring to 40 million customers and more than 53 million accounts opened in this bank, added: Bank Mellat’s consolidated balance at the end of December this year increased by 101% to more than 454 thousand billion Rials. reached, which promises more profitability for the bank and shareholders.
At the same time, Dolatabadi pointed to Bank Mellat’s profit of more than 188 thousand billion rials at the end of January this year and said: This amount has jumped by 227% compared to the same period last year.
According to Dolatabadi, Bank Mellat’s share of the total Rial deposits of 6 large commercial banks increased from 18% at the end of January last year to more than 22.6% at the end of January this year, while the price of money in this bank was at the level 14.1% has been preserved.
The CEO of Bank Mellat announced that this bank has succeeded in winning the first place in the ratio of non-cost-bearing deposits to total Riyal deposits among listed banks by registering a value of 44.15%.
He also announced the increase in Bank Mellat’s percentage share in current resources from 23% to 32.2% at the end of January this year and emphasized: the positive currency exchange status of this bank also exceeds 1,032,306 billion at the end of January this year. Rial is equivalent to 5.509 million dollars, which is considered a valuable asset and reserve for the bank and shareholders, considering the current significant gap between the exchange rate figures and the NIMA system.
According to Dolatabadi, the gross growth of 38.6 percent of total expenses in Rial and foreign currency and the share of 31.2 percent of the total expenses of the country’s large commercial banks, the ratio of non-current claims to expenses of 4.02 percent, the increase in the effective rate of facilities at the end of November to 17. 7%, obtaining a 29% share of the domestic letter of credit market, a 91% growth in the issuance of Rial guarantees and obtaining a 22% share in this field are other achievements of Bank Mellat.
The CEO of Mellat Bank stated that the net fee income of Mellat Bank has increased by 107% compared to January of last year, and added: The capital adequacy ratio of this bank is also at the level of 8.05%, which is compared to the average of two percent of listed banks. It shows the success of banks in managing and combining risk-weighted assets.