Karafarin Bank – Iran’s Most Successful Bank in Achieving Operational Balance Growth 2020-21

Tehran Stock Exchange (TSE) and Over-the-Counter (OTC) market monthly reports on banks show that Karafarin Bank was the most successful Iranian bank in achieving operational balance growth.

Karafarin Bank earnt approximately IRR303,820 billion as interest income and paid IRR27,400 billion in interest during the 12-month period ended March 2021, Public Relations reported.

Whilst the Bank’s operation balance at the close of the Iranian financial year ended March 2020 experienced a deficit, yet it showed an upward trend from IRR110 billion in April 2020 to reach approximately IRR880 billion by March 2020-21.

These comparative figures clearly reflect upon the fact that Karafarin Bank has been the most successful bank in Iran, in terms of operation balance growth in 2020-21 and this growing trend is ongoing.

The following table outlines a breakdown of performance of the Bank:  

Month
Income
Interest on Deposits
Operational Balance
April 173 184 (11)
May 187 199 (12)
June 190 189 1
July 205 191 14
August 223 189 34
September 243 194 49
October 287 210 77
November 310 234 76
December 324 265 59
January 422 266 152
February 410 303 107
March 403 315 88
Publish Date: Jun 26, 2021