Audit Court report on incomplete capital increase for state banks in 1404

The Supreme Audit Court of Iran announced in a report that, despite the emphasis of higher-level laws — including the Seventh Development Plan — on addressing imbalances and improving banks’ capital adequacy, only 56 trillion tomans, equivalent to 28 percent, of the legally planned capacity set by the Cabinet of Ministers for increasing the capital of state-owned banks by 200 trillion tomans has been realized.