Iranian banks report significant profit growth and market share

Major Iranian financial institutions have reported significant performance metrics. Parsian Bank has seen a substantial surge in profitability, with its net profit in the spring reaching approximately 4,200 billion tomans, a 42-fold increase compared to the 100 billion tomans reported in the same period last year. The bank's market value has reached 113 trillion tomans, and its three-year return of 313% has outperformed the overall market index.

Separately, Bank Melli Iran has secured a leading position in the national payment network according to Shaparak reports for September. The bank holds a 19.51% share of transaction-active bank cards in the country, ranking first in this category. Additionally, Bank Melli Iran accounted for 16.01% of the total number of accepted transactions and 8.02% of the total value of accepted transactions within the payment network.