Banks Lagging Behind AGM Schedule

More than a month has passed since the July 22 deadline set for Iran’s banks and credit institutions to finalize their financial statements and hold their annual general meetings, but only a handful have managed this feat.
According to a report by Fars News website, from a total of 19 banks and two credit institutions listed in the capital market, only Ansar Bank, Karafarin Bank and Middle East Bank have managed to hold their annual general meetings.
According to the report, Hekmat Iranian, Saman, Pasargad, Dey, Shahr, Qarzol-Hasaneh Resalat, Mehr Eqtesad, Eqtesad Novin, Sarmayeh and Iran Zamin are the bourse-listed banks that have failed to finalize and publish their audited financial statements. As a result, they are unable to hold their meetings.