The resources of Post Bank of Iran grew by 121%

According to the report of financial news, quoted by the General Department of Public Relations of Post Bank of Iran, in the meeting of the managers of the audit groups of banks in the fourth committee of the audit of economic and infrastructure affairs of the State Audit Bureau, which was hosted by Post Bank of Iran, emphasizing that the process of creating The accumulated profit of the bank has been increasing since 2018, he continued: the future managers of Post Bank of Iran, if they stop this downward trend, they will create a big question mark and they must be accountable to the stakeholders and shareholders because the expectation has been created in them that May this profitable path continue.
The highest executive official of the bank, referring to the historical course of the bank’s establishment and changes, said: Post Bank of Iran was established in 1374 and its charter was approved by the Money and Credit Council as the 11th state bank in 1383, after the transfer of the bank’s shares was stopped. In 2015, it was introduced as a specialized development bank in the field of communication and information technology and a provider of postal financial services in Iran based on the law approved by the Islamic Council.
Emphasizing that the bank currently has 403 branches and more than five thousand and 906 rural bank counters active throughout the country, he continued: These counters are managed in clusters. In other words, a branch manages 10 to 20 rural bank counters, and the rural bank counters provide banking services to customers under the supervision of that branch.
The CEO of the bank stated that there are 14 million bank accounts in Post Bank Iran, of which 12.2 million are opened by rural customers and receive banking services, and noted that the average account balance in the bank is 650 thousand tomans, which we have planned to Under the financial inclusion strategy and in the future to provide capital market services and insurance services through these contact points to communicate with the owners of these accounts.
He added: More than 40% of the rural population are directly connected with Iran Post Bank and 85% of the population are indirectly connected with Iran Post Bank counters and receive banking services.
Pointing out that Post Bank of Iran had accumulated losses from 2010 to 2017, Shiri said: In 2017, the registered capital of the bank was 320 billion rials, and in contrast, we had accumulated losses of 1,154 billion tomans, which was four times the registered capital of the bank. Is.
The highest executive officer of the bank emphasized on identifying the weak and strong points of the bank in order to change the conditions and overcome the past crises, and continued: With this attitude, we compiled the bank’s plans for the first quarter in 17 financial indicators and determined how the branches operate in this plan. And after eight months, the feedback of this program was seen in the performance of the branches.
He stated that a plan had been developed for all banking tools, and added: With the planning done, the bank’s ATMs, which were down for nearly 182 hours a month in 2018, have reached 30 hours of downtime this year.
Emphasizing that there should be separate planning for each province according to the capacity and existing situation of that province, Shiri said: In the last three years, the resources of Post Bank of Iran, without having any subsidiary company, have grown by 121%, which compared to the banking industry, the capital market And among the state banks, it has been the highest, and everything that has been absorbed in the bank has been obtained purely from banking operations, and we have also paid the absorbed funds to customers in the form of facilities.
The highest executive official of the bank stated that the ratio of outstanding claims of the bank has reached two percent in 1400, and stated: This ratio was more than 13 percent in 2017, which has reached less than two percent at the end of December this year.
Emphasizing that in the last three years, the number of transactions has increased and the bank’s contact points have been developed, he noted: According to the statistics of the Central Bank of J.A., in April 2015, we were the 16th bank in the country in the number of transactions, and in June of this year We have climbed to the ninth place.
Shiri pointed out that in April 2018, Iran Post Bank had 0.63% of banking industry handover checks and at the end of November of this year, this figure has reached 3.44%, he clarified: in the check section The bank has also managed to increase its share in this sector from 1.58% in April 2018 to 3.04% of the country’s banking industry, which shows the effects of increasing the bank’s contact points with customers.
The CEO of the bank pointed out that in 2017, the net loss of Iran Post Bank had reached negative 4.296 billion rials, he said: based on the planning and implementation of two principles, transparency in the bank’s situation and moving within the legal frameworks of Central Bank of J.A. A. We achieved a net profit of 12.127 billion riyals after tax deduction this year.
He added: “According to the approvals, Post Bank of Iran should have made a profit of 1,000 billion rials before tax deduction last year, and the bank’s performance at the end of 1400 shows that the bank earned 13,580 billion rials in profit.”
Emphasizing that the trend of the bank’s accumulated profit has been upward since 2018, Shiri continued: If the future managers of Iran Post Bank stop this downward trend, they will create a big question mark and they must be accountable to the stakeholders and shareholders because This expectation has been created in them that this profitable path will continue.
Referring to the negative capital adequacy of 7.6% in 2017, the highest executive official of the bank said: With the implemented programs, this figure has reached 5.4% in September 1401, and the bank’s goal is to reach 12% by the end of this year.
He pointed out that in the cooperation model of Post Bank of Iran and the private sector, 10 thousand households now have income by establishing rural bank counters, adding: At the beginning of 2018, the number of bank transactions in rural areas was 340 thousand transactions, which is now five A million transactions have been reached, which means the management of unnecessary trips from the village to the city, car depreciation, road traffic and air pollution, which has an impact on the national economy. Also, the benefit of providing banking services by Iran Post Bank in the villages is 20 thousand billion tomans per year, which creates savings in the scale of the national economy.