Baku, Azerbaijan, Dec. 14
By Khalid Kazimov – Trend:
Through its draft budget for the coming fiscal year (starting March 20), Iranian President Hassan Rouhani’s administration has forecast an increase of 9.5 percent in the income of the country’s state-run banks.
According to the draft budget, the country’s eight state-run banks as well as the Central Bank are expected to make 845.2 trillion rials ($24.1 billion) over the next year.
Bank Melli Iran, with an estimated income of 316.8 trillion rials ($9 billion), appears to have the lion’s share among the state-run banks.
The income of Bank Sepah, Agricultural Bank, Housing Bank, Industry Bank, Development Bank, Post Bank as well as Exports Development Bank is expected to respectively reach 142.6 trillion rials (about $4 billion), 129.4 trillion rials ($3.6 billion), 123.9 trillion rials ($3.5 billion), 20.8 trillion rials ($594.2 million), 18.4 trillion rials ($525.7 million), 13.7 trillion rials ($391.4 million), 11.8 trillion rials ($337.1 million).
