Bank Melli capital raised $2.4 billion by Iranian governmentStaff Writer | January 30, 2017
In the latest plan to increase the capital of Iranian public-sector banks, Bank Melli Iran will receive almost half the total amount considered for the plan.
Banking in Iran CEO Mohammad Reza Hossein-Zadeh:
The decision obligating the Ministry of Economic Affairs and Finance to make the allocation was taken in the Cabinet meeting chaired by President Hassan Rouhani last week.
Hossein-Zadeh, who was addressing a staff gathering of Bank Melli Iran in the northern province of Mazandaran, said such a measure has been unprecedented after the Islamic Revolution in 1979.
“With this capital increase, the capital adequacy ratio of Bank Melli will reach 6%, which is a very good improvement compared with the past,” he said.
Hossein-Zadeh’s comments come after an analytical report by the research arm of the Iranian Parliament revealed this week that the capital adequacy ratio of the bank is currently negative. ■