Sina Bank’s performance indicators jump at the end of 1400

Hamdaleh Jamali, Deputy Planning and Deputy Head of Branches and Regions Affairs, according to the financial news report, quoted from the public relations of Sina Bank, Hamdaleh Jamali noted: The review of the functional status and the published financial reports indicate that this bank has seen a growth in the amount of resources in the two years leading up to the end of the year. The year 1400 went through an upward trend so that the balance of resources at the end of the year 1400 has reached 467 thousand billion rials with a growth of 109% compared to the year 1998.

He added: Sina Bank’s performance in the expenses sector was also accompanied by a 121% growth, so that at the end of 1400, this number reached about 371 thousand billion.

He considered the 2.3 percent increase in the ratio of expenses to resources at the end of 1400 compared to the previous two years, the result of the bank’s admirable performance, which was able to bring the fourth place among private banks.

Jamali considered the bank’s 356% profitability growth at the end of 1400 compared to the previous two years as a turning point in its performance and the result of the implementation of codified and coherent plans and policies, and said: This achievement can lay the groundwork for the bank’s stability and continued income generation in the coming years.

The vice president of planning of Sina Bank pointed to the 218% growth of the bank’s issued commitments and noted: In the field of commitments and the amount of issued guarantees, this bank is in the seventh place among private banks and in terms of issuing letters of credit at the end of 1400, it is in the fifth place among private banks. . In total, in the area of ​​issued commitments with a growth of about 218%, the amount of commitments issued by Bank Sina at the end of March 1400 was equivalent to 166 thousand billion Rials.

Explaining how to achieve this success, he stated: This bank has been able to accomplish its mission by implementing detailed plans with a focus on realizing the long-term goals of the resistance economy and within the framework of the laws of the monetary and banking system of the country and by taking advantage of internal experiences with a smart approach.