96% Growth in Profitability!

Having pointed out the outstanding financial performance of Karafarin Bank in the final 9 months of the Iranian fiscal year ended 29 March 2024, he also added that the Bank achieved net profits amounting to IRR24 thousand and IRR740 billion, demonstrating a 96% growth compared to the performance of the previous year.

“During the current year, having taken advantage of certain specialised platforms to boost our share in offering foreign currency facilities (with a focus on assisting importers in order to complete supply chains) within the banking sector, we have been able to successfully meet all our objectives prior to the end of year. We now aim at gaining an even stronger position within Iran’s banking sector.“ he added.
He further announced that in order to achieve more customer satisfaction, the Bank has unveiled new platforms which offer more products and services to the general public.
Finally, Alizadeh stated: “With over two decades of invaluable experience Karafarin Bank is widely recognised as a highly reputable and transparent bank which has been able to meet its objectives whilst at the same time complying to all the current laws and regulations. Hence, I firmly believe that with the aid of our newly available infrastructures during the current year, we shall demonstrate a stronger performance than ever before.”