Welfare Bank support national production

According to Monetary and Financial News, quoting public relations, Ismail Allahgani Managing Director of the Workers’ Welfare Bank In an interview with Shada, referring to the naming of this year as the year of production, support and deterrence, he said: the Workers’ Welfare Bank will help the country’s production in three parts. One of these axes is the payment of micro-facilities to buyers, which is done under the name of a plan called welfare of goods, and in this plan, cards are issued to all retirees and salaried employees of this bank, who can buy from production units, and The bank, after paying the purchase amount to the production company, receives the said amount in installments and at a rate of 15% for 3 years, from retirees and salaried employees.
Allahgani described the bank’s second axis of support for production as the issue of cumulative deposits and said: “All sellers who intend to sell in installments can benefit from a system called” beta “, which means that the Welfare Bank for all people in The bank has an account or receives a salary, guarantees and the funds are credited to the sellers’ accounts every month based on the purchase made.

He went on to point out the bank’s support for production units, especially during the outbreak of the Corona virus, and said: “We tried to seriously pursue the issue of deferral of facilities as well as payment of low-cost facilities with the cooperation of the Central Bank.”

Also, in the form of working capital and from the bank’s internal resources, facilities are paid to producers who have an account in the Welfare Bank and whose account is in circulation.

According to the CEO of the Welfare Bank in the field of tourism and agriculture, the facilities have been postponed or new facilities have been paid.

The CEO of the Welfare Bank, stating that a very good capital increase took place in this bank in 1389, added: This figure has reached 23,000 billion Rials in 1991 and 192,000 billion Rials in 1398.
Noting that the Workers’ Welfare Bank is active in various economic sectors such as industry and mining, agriculture, services and trade, and that the facilities paid cover all of these areas, Lalagani added: “Due to the support of workers, these facilities It is paid with a generally productive approach, and of course these facilities include health care and payment to the Social Security Administration for pensions.

He added: “Welfare Bank is a health-oriented bank and most medical universities across the country have interacted with this bank and in many hospitals, its branches are active.”

The CEO of the Workers’ Welfare Bank also referred to the issue of smart banking and said: “In discussing electronic services, especially in corona conditions, the bank has designed and implemented a system to pay Qarz al-Hasna facilities to retirees completely in absentia. 400,000 facilities were paid in absentia.

Strengthening electronic systems, mobile banking, internet banking and developing the electronic banking platform are important priorities of this bank that, God willing, with the completion of these projects, better services will be provided to customers.

Saying that the Welfare Bank is a social bank and its priority is to help the deprived and vulnerable groups, Allahgani said: During the first 100 days of the 13th government, during last week’s visit to Hormozgan province, supporting the earthquake victims of this province by paying Facilities for the construction of buildings with appropriate strengths and in accordance with the standard, as well as irreplaceable assistance to this group of victims were put on the agenda. Also, during a trip to the south of Kerman province, 94 deprivation relief projects were inaugurated last week with the help of grants, and these measures are in line with the emphasis of the President and the 13th government on the priority of supporting the vulnerable and deprived.

Regarding the payment of marriage facilities by the Workers ‘Welfare Bank, he said: “The total credit approved by the Central Bank for the Workers’ Welfare Bank for marriage facilities was 37,000 billion rials, but this bank only in the first 7 months of this year a figure of about 40,000 billion rials marriage loan facilities.” has paid.

The CEO of the Workers ‘Welfare Bank, in response to a question about the actions of the Workers’ Welfare Bank in distancing the bank from entrepreneurship, said: “The Welfare Bank is not a shareholder in almost any enterprise, except for companies that have organizational aspects for the bank.” Such as brokerage firms and computer service companies that are the banking tools of the bank.

Allahgani added: “Presence in other investments has been done by paying facilities to the Social Security Organization and considering that the Social Security Organization could not repay these facilities, instead it has given shares to the Welfare Bank in the form of a portfolio.” Is.

Referring to the efforts of the management of the Welfare Bank to transfer the shares transferred to this bank through the stock exchange, he said: “We have had negotiations with the stock exchange organization to transfer the portfolio of the Welfare Bank in various companies and according to the current capital market conditions It does not exist, but we believe that the sale of these shares should be a priority for this bank.

The CEO of the Workers’ Welfare Bank added: “In the last 100 days since the 13th government took office, we have pursued the transfer of two shares, one related to the share of Mobarakeh Steel, which has been announced publicly, and the other to Isfahan Oil Refinery, which has completed its expert stages. We are for public announcement and our forecast is that by the end of this year, all the shares held by the Welfare Bank will be evaluated and evaluated and will be offered to the public, because we believe that we should leave the company and the bank’s mission is not to be a company. The bank’s resources must return to its original cycle of paying facilities to customers.

In response to another question about creating transparency in the bank, the CEO of the Welfare Bank stated: After Dr. Khandouzi announced that contracts should be provided to customers, the contract management system in the Welfare Bank was launched and now It is possible to print all contracts in all branches of this bank and our partners are required to provide these contracts to customers. Also, a system called Samash has been set up in the Welfare Bank, in which all contracts between the bank and customers are scanned and stored in a centralized manner so that the contracts may not be manipulated after its conclusion.

He continued: “One of the measures that has been taken or is being taken in the field of implementing electronic banking in the Welfare Bank is the discussion of” Neo Bank “, which is in its final stages. This type of banking can, in person, authenticate, open accounts, pay facilities and… customers.

Announcing that the data center of the Welfare Bank is being completed, Laleh Gani said: “In the field of software writing, a new office has been set up in the Welfare Bank, called” Software Production “, and we have tried to recruit elite staff working at the university.” We are studying to attract to this field to produce part of the software within the bank itself. We are also launching a company with the participation of Iran Data Processing Company, so that the core banking of the Welfare Bank can be updated using the hardware and specialists of Iran within the bank.
The CEO of the Welfare Bank added: “At the level of the bank itself, although the Welfare Bank is not a stock exchange bank and its shares belong to the Social Security Organization, but we have entered our symbol in the OTC under the symbol” Welfare “and the whole face The financial statements of the bank and the group of the bank, after the merger, are placed in Kedal and can be seen by all people in the OTC market. We have also designed a system called “Transparency” in which all companies under the bank are required to enter all their information, including sales, receipts, contracts, assets and property, and the unit Bank inspections also constantly monitor them.

The CEO of the Welfare Bank added: “Incidentally, the same issue that was recently made public about Amirkabir Petrochemical was identified by the inspectors of the Welfare Bank based on the information of the mentioned system and it turned out that a number of people received higher salaries than the standard.”

Announcing that the Welfare Bank was one of the top companies and groups in the field of transparency in 1399 and 1400, he said: “In this regard, we have recently set up an office called” Corporate Supervision “in the bank and in We have included the corporate structure of the bank in which expert auditors from outside the bank are employed.

In response to a question about the implementation of the asset generation project in the Welfare Bank, he also stated: In this regard, the bank’s assets have been completely categorized and the list of surplus assets of the bank, separately for each province and city, has been completely extracted. .

Announcing that all bank managers are required to sell the surplus assets under their management, Allahgani said: “In 1400, and especially in these 100 days, several auctions were held in which a number of properties were sold accordingly.” . In this regard, even one of our large properties along the Yadegar Imam Highway has been auctioned and transferred, but it has not been sold yet.

The CEO of the Welfare Bank reminded: The percentage of surplus assets of the Welfare Bank in terms of financial ratios, compared to some banks, is not very high and we are more faced with the issue of surplus shares.
In response to another question from a Shada reporter about the bank’s actions and programs in the field of Islamic financing, Allahgani said: “There is a lot of talk about Islamic financing models, but that a model can also be a scientifically sound basis.” We have seen less if it has both the possibility of implementation and the approval of the ulema.

He said: “In this regard, we have a conference to be held in January in which we will try to invite all experts, thinkers and people who have worked in this field, including experts from the Central Bank and the Ministry of Economy.” Give us their point of view so that we can step in this model and make the work operational.

The CEO of the Welfare Bank, expressing optimism about the implementation of the discussion of real participation in profits and losses in the bank, said: “If this model is implemented, people will invest their stray money in housing, cars, currency and coins.” They can participate in projects defined in this model for upstream industries and enjoy its comparative and definite advantages.

In another part of his speech about the “social responsibility” of the Welfare Bank, Allahgani said: “We have tried to be active in various sectors, and among the work done in this area is the issue of school construction, and as far as I know The construction of 22 schools has been completed and several schools are under construction.

He added: “The issue of purchasing ambulances and medical equipment, equipment needed by hospitals and health items, among other measures of the Welfare Bank, is in this regard.”

Referring to the Welfare Bank’s action to install pipes or tankers in areas without adequate drinking water in Sistan and Baluchestan, he said: “We have taken many measures with the cooperation of the Construction Basij.”

Laleh Gani, stating that good measures have been taken in the field of retirees, said: “We have increased the amount of Qarz al-Hasna facilities paid to retirees from 2300 billion rials in 1398 to 23 thousand billion rials in 1399, and the same figure in 1400.” It has reached about 28,000 billion rials.

“The target community of the Welfare Bank is mainly retirees, workers and the poor,” he said. We saw that the Welfare Bank had a profit of about seven thousand billion rials and came out of accumulated losses for the first year.

Allahgani added: “With the increase in capital, the capital of the Welfare Bank has increased from 23,000 billion rials in 1398 to 192,000 billion rials, and the decision of the board and board of trustees of the Social Security Organization to increase this figure to 400,000 billion rials.” Taken and in the final stages.

The CEO of the Welfare Bank further explained: This capital increase will occur from the sale of two shares of the Welfare Bank in the capital market, which will allow us to increase the capital in cash, which is the best type of capital increase in the banking system. is considered. Thus, the capital adequacy ratio in the Welfare Bank will be a good figure because the capital adequacy ratio of the Welfare Bank in 1398 was about 1.5 percent, which in 1399 with the increase in capital, this coefficient to the standard rate of eight percent Upgraded and with an increase of 400 billion, this coefficient will increase to an acceptable rate of 15%.