The details of the surplus shares of the shareholders of 9 private banks were announced – Tejaratnews

According to Tejarat News, the surplus shares of the shareholders of Iran Zamin Bank, Refah Bank, and the Nation’s Credit Institution will be announced after the annual meeting.

According to Article 44 of the General Policy Law, no single owner can own more than 10% of a bank without the permission of the Central Bank. Increasing this ceiling to 20 and 33 is also possible only with the permission of the Central Bank. And above 33% is prohibited for all unit owners. Also, according to this law, the voting rights of surplus shares of shareholders are transferred to the Ministry of Economy.

It should be mentioned that the surplus shares of Future Bank’s shareholders have been declared to be 60%, and according to the new decision of the Administrative Court of Justice, after the annual meeting, the resulting voting rights will be transferred to the Ministry of Economy.

Source: Tasnim