Economy, Business And Markets

Tejarat Bank’s New Statute Ratified

Tejarat Bank’s New Statute RatifiedTejarat Bank’s New Statute Ratified

Tejarat Bank’s stockholders ratified a new statute in their Extraordinary General Assembly meeting on Sunday, the bank’s public relations office reported.

Over 93 percent of stockholders, including the representatives of Justice Equities, Central Bank of Iran, Securities and Exchange Organization and the Audit Organization were present in the assembly.

The bank’s recent statute, consisting of 147 articles and 22 clauses, was ratified with a majority of votes, the report said.

Since 2009, Tejarat Bank has become a private bank after it started offering shares in the Tehran Stock Exchange, in alignment with Article 44 of the Constitution (the Privatization Law).

The bank, jointly with the Center of Public Awareness in Electronic Banking (FABA), is preparing to hold a conference on October 19 at the International Conference Center of Islamic Republic of Iran Broadcasting in Tehran to introduce banking opportunities in Iran.

Ebrahim Kazempour said officials from ministries of economy, culture, and communications as well as a group of lawmakers are set to attend the conference.