Issuance of two new licenses for Karafarin Bank
According to monetary news reports quoting the public relations of Karafarin Bank, the Central Bank agreed with the request of Karafarin Bank to participate in the establishment of a capital financing company and a dedicated marketing investment fund by this bank or its affiliated companies.
The General Directorate of Regulations, Banking Licenses and Anti-Money Laundering of the Central Bank has issued this license in accordance with the directive “Criteria governing the acquisition of shares of the financing company and investment units of the Private Investment Fund by banks and non-bank credit institutions”.
Receiving new licenses from Karafarin Bank is based on the Entrepreneur Group value chain completion program. This report confirms that Karafarin Bank is the first bank to receive this license since the issuance of the instructions related to the rules governing the acquisition of shares of Tamin Sarmayeh Company and investment units of the Private Investment Fund by banks and non-bank credit institutions. Is.
It is worth mentioning that the Central Bank announced the approval of the Central Bank Board of Directors on the acquisition of investment units of an investment fund (dedicated to return) as well as the acquisition of shares of a financing company by banks and non-bank credit institutions within the framework of laws and regulations. The subject had agreed in accordance with the limits set in the instructions as well as the executive rules set by the Central Bank Board of Directors.
Karafarin Bank is the first bank that has succeeded in following the 13-article instructions of the Central Bank Board of Directors in this regard and has received the first license in the country’s banking system.
According to the first article of the Central Bank’s instructions, the acquisition of shares of Tamin Sarmayeh Company by banks or non-bank credit institutions and their subsidiaries is possible after obtaining the prior consent of the Central Bank of the Islamic Republic of Iran by observing the instructions for investing in securities.