Details of capital increase of 35 thousand billion tomans of state banks

According to the financial news report, quoting from the Ministry of Economic Affairs and Finance, empowering state banks for financial interactions and providing conditions for increasing the ability to provide facilities for these banks in order to support the production sectors in the country, has always been one of the most important priorities of the 13th government.

In the current situation, due to the positive effect of cash capital increase on the capital adequacy ratio of state banks to reach the level of minimum regulatory limits, follow-up to increase cash capital is one of the priorities of the Ministry of Economic Affairs and Finance.

Due to the government’s budget restrictions, efforts have been made to use all the available capacities to increase the capital of the mentioned banks.

Therefore, in recent years, in order to strengthen the lending capacity of state-owned banks in order to provide timely and adequate financing for the facilities needed by members of the society, especially the micro financing of the strata living in rural, remote and deprived areas, the Ministry has supported the National Movement plan. housing, providing food security and maintaining the quantity and quality of agricultural production in the country and creating self-sufficiency in relation to imported products, strengthening the country’s cooperative system according to the expanding needs of the cooperative sector and financing industrial and production projects, from all available capacities for Minimum capital increase has been used in state banks.

The latest action taken in connection with the capital increase of state-owned banks is the use of the capacity listed in clause (d) of note (18) of the budget law of the year 1401 of the whole country in the amount of 350 thousand billion Rials, which is proposed to approve a resolution in November of this year in order to increase The capital of these banks was sent to the Cabinet of Ministers and approved from the government’s shares and shares in state-owned companies.

According to the above-mentioned resolution, the quota allocated to each of the state-owned banks from the aforementioned legal clause, which was proportional to their capital adequacy ratio, is as described in the following table:

It is noted that this ministry is seriously seeking to use other legal capacities in the country in order to increase the capital of state-owned banks, and it is hoped that in the budget bill of 1402 for the whole country, capital increase will be one of the issues approved by the representatives of the Islamic Council. be placed