The brilliance of the financial performance of Bank Maskan
A member of the board of directors announced at the same time as celebrating the government week:
According to the financial news report, quoted by Maskan Bank-Hibna news site, a member of the bank’s board of directors, while honoring the memory of martyrs Bahonar and Rajaei and congratulating the government week, referring to the performance of Maskan Bank in the past one year of the people’s government, said: First of all, I have to congratulate the staff of Maskan Bank for the event that happened for the first time in the last 5 years, which is a confirmation of the remarkable performance of the bank and the staff.
He stated that fortunately, Maskan Bank became profitable in the last financial year and after 5 years, he continued: the total income of the bank in the financial year 1400 was accompanied by a growth of 36%, while the total expenses faced a growth of 22%, and this indicates The correction of the cost growth trend is in proportion to the income growth trend, and the continuation of the mentioned trend can lead to an increase in the ability to provide facilities and improve the bank’s financial indicators.
Referring to the 156% increase in the bank’s capital in the last fiscal year, the deputy CEO of Maskan Bank’s financial and corporate affairs added: in the implementation of the set plans and goals, with the completion of the revaluation process of fixed assets and the registration of the capital increase of 203 thousand billion riyals from this location, The bank’s registered capital increased to 334 thousand billion Rials.
Askarpour also announced a 41% increase in the absorption of resources in the bank’s customer deposits last year and said: in order to balance resources and expenses as well as to maintain profitability, it is necessary to attract stable resources with a low cost on the serious agenda of the employees. .
He also mentioned the growth trend of the bank’s assets and liabilities and said: the bank’s assets grew by 36% during the fiscal year 1400, while the bank’s liabilities showed a growth of 27% without considering the shareholders’ rights, and this has a positive effect. Income shows the necessity and importance of trying to attract more resources as well as continuous pursuit for the timely conversion of civil partnership contracts to installment sales.
The member of the board of directors said: “Maskan Bank is one of the few banks whose capital adequacy ratio has exceeded the standard limit set in the regulatory capital calculation instructions and the capital adequacy ratio of credit institutions of the Central Bank, i.e. 8%.”
He also announced the regulatory capital of the bank equal to 120 thousand billion Rials and added: Considering the importance of these 2 ratios in the bank’s rating and also determining the investment limits or the individual and collective limits of macro-payment facilities, with proper planning and the cooperation of all units, The performance of the bank in all sectors should be done in such a way that these two important ratios are protected and we will witness their strengthening in the future.
In the continuation of this section, Askarpour mentioned that as a result of the favorable performance of the bank during the last fiscal year, other important financial ratios of the bank, including ROE and ROA, have also improved and both ratios have come out of the negative situation.
He also said about the performance of the bank in the interbank market: In 1400, Maskan Bank deposited an average of 106,000 billion rials in the interbank market, from which the bank earned about 21,000 billion rials.
Also, about 8 thousand billion rials of profit has been earned from investing in all kinds of securities through the Central Bank’s open market operations.
In another part of his statement, the member of the board of directors mentioned the performance of the bank’s facilities in 1400 and added: During this year, the payment facilities of the entire bank increased by 105% in terms of amount compared to the previous fiscal year and reached the amount of about 758 thousand billion rials. In the form of about 548,000 facilities in the housing sector, including; About 154 thousand and 300 items for sale, 130 thousand and 200 items for purchase, more than 127 thousand and 400 items in the Murabahah and lease sections with the condition of possession and about 136 thousand items in the form of Qarz al-Hasna, civil partnership and transfer of share of the company and the rest in the sector Non-housing is paid.
In another part of his statement, the vice president of finance and corporate affairs of Maskan Bank mentioned the bank’s goals and plans in 1401 and said: One of the goals of this year is to equip 588 thousand billion rials in all kinds of deposits.
He called the issuance of long-term certificates of deposit for general investment in the amount of 287 thousand billion rials as one of the other goals of the bank this year and added: reducing the cost of resources by one percentage point compared to the beginning of the period is also one of the other goals of the bank until the end of the year. .
Askarpour mentioned the reduction of the NPL of the entire bank according to the announced plans and the issuance of guarantees in the amount of 100 thousand billion Rials as other goals of Maskan Bank in 1401.