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Bank Melli capital raised $2.4 billion by Iranian government

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Staff Writer | January 30, 2017
Bank Melli Iran
Banking in Iran   CEO Mohammad Reza Hossein-Zadeh:

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.

“The Cabinet approved the allocation of 200 trillion rials to increase the core capital of public-sector banks, 93 trillion rials ($2.4 billion) of which will be allocated to increase the capital of Bank Melli,” Mohammad Reza Hossein-Zadeh was quoted as saying by Banker.ir.

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.


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