Iran press/ Asia: The Central Bank of the Islamic Republic of Iran has issued a license to increase the capital of the joint bank of Iran and Venezuela.
According to the license, the capital of the joint bank will increase by 313 percent, from the current 568 billion Tomans to 1760 billion tomans.
The source of increase of the bank's capital is mentioned in the export license, the retained earnings, and other reserves (except legal reserves).
According to the financial statements published by the joint bank of Iran and Venezuela, the net profit of the bank last year (1399) with a growth of 325 percent compared to the previous year (1398), reached 815 billion tomans.
214/207
Read more:
Iran, Venezuela urge to boost the strategic alliance
Maduro and Iran's President-elect hold phone call
