Karafarin Bank – Most Profitable TSE Listed Bank

Whilst most privately-owned and public banks are showing losses in the 9-month financial statements, Karafarin Bank recorded a profit of IRR1,270 billion in its financial statements for the first 9 months of this fiscal year. Through Fars News Agency, Karafarin Bank Public Relations expressed that so far, three banks, one credit institute have submitted their nine-month financial statements and one privately-owned bank has submitted its six-month financial statements to the Securities & Exchange Organization. Of these banks and credit institute, three have shown losses, whilst the other two were profitable.
This report states that Karafarin Bank showed a profit of IRR1,270 billion, Kowsar Credit Institute showed profits of IRR420 billion.