Reduction of non-current receivables of Sina Bank to less than 3%

According to Monetary News, citing public relations, Imani, CEO of Sina Bank, said at the national conference of credit experts: “Reducing non-current receivables of Sina Bank to less than 3% is the result of correct accreditation and observing credit hygiene in allocating resources.”

Imani, stating that the issue of credit is a very important issue in banking operations, added: “By analyzing the activities and banking operations and achieving 75% of the goals of Sina Bank in the credit sector, the considerable importance of this area becomes more apparent.”
Emphasizing the need to follow the framework to prevent credit risk, he said: “In the banking network and financial institutions, 50% of financial operations processes are related to the credit field, and when the credit system operates within its correct and specific framework, then Those good things happen too.
Imani added: “In the field of credit, this bank was able to achieve a desirable performance by presenting competitive and new products by having specialized and expert personnel and trusting in the capabilities of its partners and internal strength, as well as reviewing credit methods.”
He added: “By delegating authority to the regional administrations, the ground was created for the bank to have a higher share of the financial markets in the workplace, and fortunately, with this action, the activity in the field of credit was managed in the best way and according to statistics, Sina Bank was able to In the field of credit, achieve the goals of 12 months of this year by the end of December.
The CEO of Sina Bank further emphasized that the profitability of this bank has been from the place of banking operations and based on real banking, adding: “This bank has never acted outside the framework and banking regulations in order to achieve its goals and perform banking operations and earn profit.” Always follow the banking instructions.
Dr. Imani pointed out: The focus of activities in Sina Bank in order to be profitable is based on several axes, the most important of which are the correct allocation of resources and income, wage income, sale of surplus and toxic real estate, as well as reducing receivables and freeing reserves. Banki pointed out.
Referring to the reduction of the bank’s claims ratio to less than 3% despite the high volume of facilities, he said: “This shows that the process of accreditation and forecasting the customer’s repayment capacity in Sina Bank, relying on systematic and purposeful methods accurately and coherently” done.
Referring to the bank’s 9-month activity this year, the CEO of Sina Bank stated: In almost all indicators such as liquidity, cost of money, supply price, market share and share of resources and expenses, good performance has been achieved and despite the problems that Today, due to Corona, which affects the banking and financial institutions, Sina Bank is well managed.
Emphasizing on effective interaction with the bank’s customers, Imani stated: “Using the internal marketing power in the last 9 months, we were able to have face-to-face communication and effective and efficient interactions with large groups, especially companies active in the field of production and industry.” Interactions as well as the bank’s business plan are a turning point.
While thanking the managers and banking partners in the field of credit and transfer of experiences in improving the level of knowledge of colleagues in this field, he said: “We hope to achieve our main goals in the field of credit by transferring the experiences of colleagues and their views in this conference.”