The semi-private Bank Saderat Iran\u2019s financial performance improved in the last calendar month (August 21- Sep 21) as the bank reported a strong enough balance sheet.<\/p>\n
As per its financial statement, the lender earned 24.5 trillion rials ($86 million) from interest and paid 22.3 trillion rials ($79 million) in interest on deposits during the month, IBENA, the news agency affiliated to Monetary and Banking Research Institute, reported.<\/p>\n
The monthly financial report was released by codal.ir, an information website for instant official publication of corporate data and reports about companies listed in stock market.<\/p>\n
The lender\u2019s half-yearly financial report also indicates improved performance. It said earlier that earnings from listing one of its subsidiaries would go a long way in helping the bank.<\/p>\n
Last month the BSI\u2019s investment arm, Sepehr Saderat Financial Group Company, went public and offered 20% of its stake. The lender earned 60.6 trillion rials ($214m) from the IPO that apparently helped it cut losses.<\/p>\n
The BSI made decent earnings [from the IPO] that can bring its accumulated loss for this fiscal year to zero,\u201d Ahmad Fazeli, the BSI deputy for financial affairs was quoted as saying by ISNA.<\/p>\n
He expressed the hope that higher earnings and an ensuing enhanced capital adequacy would boost the bank\u2019s lending capability.<\/p>\n","protected":false},"excerpt":{"rendered":"
The semi-private Bank Saderat Iran\u2019s financial performance improved in the last calendar month (August 21- Sep 21) as the bank reported a strong enough balance sheet. As per its financial statement, the lender earned 24.5 trillion rials ($86 million) from interest and paid 22.3 trillion rials ($79 million) in interest on deposits during the month, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,8],"tags":[1310,118,966,474,28,639,178,56,84],"yoast_head":"\n