| With the attendance of the majority of shareholders, the financial statements of 2016 of EN Bank were approved by the assembly
|The second extraordinary general assembly of EN Bank was held to review the performance of the fiscal year ending in March 20, 2016 with the attendance of more than 84% of shareholders and the related financial statements were approved.|
Referring to the continued growth of some performance indicators of the bank in the past year, it was emphasized in the report of board of directors that in spite of observing the ceiling of interest rate paid to clients’ deposits by EN Bank last year, deposits of this bank increased by 7 percent, which reflects clients’ trust in the bank. With regard to granting facilities, EN Bank, in compliance with the principles and directives related to this field, financed various manufacturing and industrial sectors in the previous year.
In addition, EN Bank had significant achievement in the international arena in 2016, among which are continued membership in the board of directors of Asian Bankers Association for the fourth consecutive year, becoming vice-chairman of the board of directors of the Association for the first time in the history of Iranian banking, acquiring the second rank of transaction with the central bank among Iranian banks, both private and public, in terms of volume of transactions and currency purchases, and an 16% increase of foreign exchange commission earnings.
In the past year, non-consolidated revenues of EN Bank had a favorable growth. In this regard, the share of this income group increased by 92% in 2016 compared to 2015, indicating the bank's good performance in this area.