Which bank’s losses decreased?
According to Tejarat News, Mahmoud Shayan, in describing the bank’s performance, stated that in the past 20 years, we have not found a bank in the country whose capital adequacy is higher than 10: “We are trying to ensure the capital adequacy of the housing bank By the end of the year to a figure that is unprecedented in the international arena.
He continued: In the country, there are only one or two banks that have the highest level of capital adequacy up to about 3 or 4 percent, but in the housing bank this amount has reached more than 10 percent. However, some banks are even up to 60% negative in terms of capital adequacy.
Shayan mentioned the NPL issue as another important action of the Housing Bank and added: “Today we can give the good news that the net NPL Bank has continued its downward trend after deducting arrears of interest to 6.4% by the end of January.”
He continued: “The work done in the bank today has all been done operationally and in a growing process.” Today, we see that the balance sheet has been revised and the bank’s losses have been reduced operationally.
Shayan added: By the end of last year, 50,000 billion rials from the bank’s balance sheet have been corrected, and this number is not small because it has been unprecedented in the housing bank for the past 10 years. This was done in coordination with various agencies such as the judiciary, the central bank, the IRGC and some regulatory bodies, and finally we breathed a sigh of relief when the extraordinary general assembly of the bank, which consists of seven ministers, approved our operation.
The CEO of Maskan Bank added: “Today, the best opportunity has been provided for the development of Maskan Bank because the government has stood by the work of this bank.” Today, it is not possible to ask anything from the government and they will refuse. We should make the most of this opportunity to serve and be proud of this divine blessing.
He pointed to the increase in the bank’s operating profit and said: “According to the audited financial statements, the bank’s operating performance due to the comparison of major operating income or facility income, with major operating expenses or the same cost of interest paid on customer deposits, increased by 18,000 billion rials The bank’s operating profit in 1399 compared to 1398 shows that the bank’s operating profit in 1398 was 44 thousand billion rials and this profit in 1399 has increased to 62 thousand billion rials.
Source: IRNA