Bank Saderat to Resume Trading This Week
Economy, Business And Markets

Bank Saderat to Resume Trading This Week

Bank Saderat is set to resume trading on Tehran Stock Exchange this week after it published an auditor’s report on its first profit in the current fiscal year (started March 21) on Saturday. Bank Saderat’s trading symbol, alongside those of Mellat, Tejarat and Post Bank, was frozen back in July by the Central Bank of Iran and the Securities and Exchange Organization, Boursepress reported. To end the banks’ practice of giving out dividends that had no real financial backing, they were mandated to prepare their financial statements based on International Financial Reporting Standards. IFRS is a single set of accounting standards, developed and maintained by the International Accounting Standards Board. These standards are now mandated for use by more than 100 countries, including the European Union and by more than two-thirds of the G20 states. Having fixed their books, Mellat and Tejarat returned to trading last year. Their shares nosedived 37.51% and 33.76% respectively upon their opening.

Short URL : https://goo.gl/s4Nxx7
  1. https://goo.gl/VxhKfz
  • https://goo.gl/hmwrZC
  • https://goo.gl/0vycBv
  • https://goo.gl/PvxHQs
  • https://goo.gl/lzJsZW

You can also read ...

Effects of Sanctions on Food Consumption of the Poor
It is now clear that the purpose of US sanctions against Iran...
CBI Moves to Sideline USD
As part of the latest measure to ditch the US dollar from the...
New Online System to Monitor Warehouses Countrywide
All warehouses in Iran are required to register in the so-...
Surcharge on Forex Rate Difference “Illegal”
The retrospective application of Clause Five of the government...
Bank Loans Hit €18 Billion in 4 Months
Banks and credit institutions allocated a total of 1.67...
Gov’t to Build  2 New Towns
The Iranian government will commence the process of building...
Optimism Over Prospects of Iran Stocks Performance
The latest Consensus Earnings Report shows the price to...
Saqqez Airport to Be Ready  in 2 Years
The construction of Saqqez Airport, located 266 kilometers...

Add new comment

Read our comment policy before posting your viewpoints