Intelligent expenditure management should be placed on the agenda of the branches

According to the financial news, Mohammad Sheikh Hosseini, head of the Cooperative Development Bank, in a video conference meeting with provincial branch managers, heads of credit departments and provincial credit and marketing experts on the topic of “Reviewing the Performance of Credits in Section A of Note 18 of the Budget Law of 1400” stated: the performance of colleagues The line-up in the areas of expenditure, income and collection in the first half of this year has been favorable.

He added: The amount of bank’s tasks this year is very heavy. The amount of increase in facilities in some headings has increased up to 10 times, that is why we need to manage expenses intelligently.
Sheikh Hosseini continued: The most important indicator in the banking system is to balance expenses and resources.

According to the supervisor of the Cooperative Development Bank: branch colleagues in half of the provinces have performed well in terms of the facilities in paragraph A of Note 18, and the rest of the provinces should make more efforts to attract and allocate the facilities of this chapter.

The head of the Cooperative Development Bank stated that bank branches throughout the country should approve contracts with extra effort and planning by the end of September, so that the bank can enter into a memorandum of understanding with the executive bodies within the framework of Note 18 for this year as well.

He said: “The review of the bank’s performance indicators in the first half of this year shows that the bank is moving in the right direction and the colleagues in the ranks and headquarters are helping to improve the bank with extra efforts.”

Seyyed Baqer Fatahi, Chairman of the Board of Directors of Tehseh Cooperative Bank, also reviewed the performance of the branches of the provinces in this meeting and announced: The performance record of the bank is appropriate in most indicators, and this is worthy of praise and thanks.

He added: In the index of issuance of guarantees, the percentage of program realization has increased by 140%, in the heading of letters of credit by 96%, collection of current claims by 73%, and in the payment of facilities by 80% compared to last year.

Fatahi continued: “We are a bit behind the schedule in terms of attracting resources, but with the efforts of our colleagues, we can achieve success in this index in the second half of the year and attract maximum resources.”

The Chairman of the Board of Directors of Tehsehe Cooperative Bank stated: “High-level monitoring devices are very sensitive to the payment of debt facilities, that’s why the colleagues of branches across the country should put extra efforts to fulfill this important task.”
He said: We have less than 10 days to approve the contracts in the relevant systems in the matter of the facilities of Clause A of Note 18.

In another part of his speech, he emphasized the attraction of cheap resources and said: promissory notes are one of the opportunities to mobilize resources. This year we can issue 35 thousand billion Rials of promissory notes, and this requires that bank branches across the country from this Get the best out of it.

Ahmad Mohammadi, director of credit affairs of the bank, also announced in this meeting: since the beginning of this year, 154 thousand billion Rials of facilities have been paid.

He added: “In the area of ​​facilities in Clause A of Note 18, we need to work twice as hard to win the trust of the executive bodies. The favorable performance in this section will lead to the extension of the agency contracts of the executive bodies with the Cooperative Development Bank.”

He emphasized: In the few days left until the end of September, the branches across the country should prioritize the assignment of Note 18 cases.

He emphasized: There is a possibility of approving and concluding a 12 thousand billion Rial facility case in the heading of Note 18. If the branches register their contracts in the “Sita”, “Kara” and “Bahin Yab” systems, it is possible to allocate funds for them. There is.

In this meeting, Saeed Maadi, deputy of provincial affairs and marketing, Mohammad Zulfiqari, deputy of finance and support, Younes Kalantari, director of marketing and market development, expressed their views.

Managers of branches of some provinces also expressed their opinions and suggestions regarding the issue of note 18 facilities.