Improving the performance of the Export Development Bank of Iran in recent months
According to the report of financial news, quoted from the public relations of Iran’s Export Development Bank, in this meeting, Hassan Bakhtiari, the bank’s financial vice president, presented a comparative report and explained the performance indicators and financial information of this bank.
Referring to the capital increase of Iran Export Development Bank from 2010 to now, he said: the bank’s capital has increased from 16,419 billion rials in 2010 to 55,167 billion rials this year, which is expected to increase from According to paragraph “d” of note 18 of the budget law of 1401, the transfer of Imam Khomeini Shazand’s oil refining shares in the amount of 5 thousand billion Rials and from the currency exchange rate in the amount of 49 thousand and 115 billion Rials to about 11 Hamat.
In this regard, he added: the mentioned capital increase process is in the final stages and will be registered at the end of this year.
The financial vice president of Iran Export Development Bank announced that the income of the bank in the second quarter of the year has grown more than the income of the first quarter of the year and said: it is expected that the total income of the bank at the end of 1402 will be more than the income at the end of 1401, because the main collection of claims Bank takes place in the final months.
He considered most of the bank’s miscellaneous income to be related to the profits of the bank’s investment companies and stated: the bank’s profit received from foreign currency and rial facilities until the end of November was 22,142 billion rials.
Bakhtiari further explained the performance of 8 months of this year in the field of facility approvals and said: the facilities granted in foreign currency and Riyal in November 1402 compared to September 1402 have grown by 104% (currency) and 37% (Rial), respectively, and fortunately, the bank has The collection of non-current claims has also been successful in the second 4 months of the year, as the ratio of non-current claims has decreased by more than 40% in November 1402 compared to July 1402.
In the continuation of this meeting, the financial vice-president of Iran Export Development Bank explained the bank’s 8-diamond plan and said: foreign exchange facilities, credit purchase limit, goods import rebate, working capital of rials, guarantee types limit, issuance of special bonds for general and financial investment deposits. Islamic in the SIMA system, the limit of the obligation to provide a customs green card and buyer’s credit facility is one of the services offered to customers in this plan, and they have been reviewed and improved in the second quarter of the year.
He announced that the profitability of the bank will be accelerated by the end of the year and added: In addition, the bank’s liquidity management this year has been such that it has never had an overdraft from the central bank and a logical balance has always been maintained in the bank’s balance sheet. .
In the continuation of this meeting, the experts present in the meeting presented their points of view regarding the presented performance report.