What about Bank Iran Zamin?

According to monetary financial news, the symbol in the banking industry is on the orange board and the daily price per share is 864 Tomans. This symbol was obliged to increase the capital in line with the instructions for calculating the regulatory capital and capital adequacy of the Central Bank to improve the regulatory capital and finally excluding from the scope of Article 141 of the bill amending part of the commercial law. One billion rials from cash was approved by the Central Bank, and this is a big event that can have very positive effects on the bank’s performance.

The performance report of the first six months of 1400 banks shows that the income from the facilities granted in the first six months of this year reached 326 billion tomans, which shows a growth of 61.5% compared to 202 billion tomans last year. The bank’s financial expenses have also been reduced by about 99 percent.

Iranzamin Bank, with a registered capital of 4,000 billion rials, has been able to identify 54 billion tomans of profit from the profits from investments and deposits.

The balance sheet of Bank Iran Zamin shows that the institution has provided good facilities in exchange for deposits, and that the bank has received a lot of property in return for accepting responsibility for transfer deposits from the Molly Al-Movahedin Institute.

In the first six months of 1400, Vazmin was associated with 203 billion Tomans of income from facilities granted, which shows a growth of more than 65% compared to the income of 123 billion Tomans in the first quarter of this year.

In the first 6 months of the year, this bank achieved a net loss of 3052 billion tomans (763 tomans per share). The total balance of the bank in these 6 months was 4310 billion tomans, which has decreased by 30.75% compared to the same period last year. Of course, the finalization of the auction of some of the bank’s assets seems to cover a significant part of this deficit.

Another is that Bank Iran Zamin has increased its net wage income from 585 billion tomans in the first six months of last year in the first six months of this year by 12 percent.

Also, the net investment income of the bank was about 57 billion tomans, which has increased by 236% compared to the same period last year. The bank’s general and administrative expenses also decreased by 47% compared to the same period last year.

The last point is that Bank Iran Zamin is trying to update, reduce costs and improve its services by becoming a digital bank. According to the announcement, the necessary infrastructure has been created in this regard and will soon be officially unveiled ‌ from the digital bank and its services ‌.