Thanks to God the Almighty, we are about to enter the New Year and to pass the final days of the Iranian year 1394, which was named by the Esteemed Leader as the year of “the Government and the People; Solidarity and Unity.” It is the cause of great honor that these principles have been completely observed by the Bank in rendering services to the customers and esteeming them, exercising appropriate cooperation and coordination with administrative organizations and bodies, and supporting the economic-social policies of the revered Government of Resolution and Hope.
As the esteemed colleagues are aware, over the passing year and regarding the prevailing economic status of the country, the fundamental preoccupation of the economic authorities have been moving the economy away from stagnancy and inflation, as well as economic prosperity and balance in money and capital markets.
Presently, and at the end of the year, the endeavors and solutions and macro-economic policies adopted by the revered Government of Resolution and Hope have resulted in the glorious departure of the country from the strenuous sanctions regime, dramatic reduction of inflation rate, improvement of the capital market, rational reduction of the deposit interest rates in accordance with the economic circumstances of the country, and preparation for the economic prosperity over the year 1395.
On the other hand, invaluable endeavors of high-ranking authorities of the Islamic Republic administration to remove Bank Sepah, the first Iranian Bank, from the list of unfairly sanctioned entities, are worthy of acknowledgement and Bank’s managers on behalf of the great Bank Sepah Family of active and retired staff, honor those efforts. With redoubled spirit and mobilizing the entire capacities of the Bank to reach its real status, Bank’s managers hope to give an appropriate feedback to the efforts made, by playing the Bank’s role in economic and social arenas.
In conclusion, congratulating our esteemed colleagues, active and retired, and esteemed customers of the Bank, as well as all revered fellow Iranians on the occasion of the New Year; and with thanks to the staff for their efforts, especially over the final months of the year, for the declaration of the Bank’s principle plan for the year 1395; while putting emphasis on the need for an enhanced effort to collect non-current claims, absorb low-priced deposits, sell redundant and zero-return properties, real estate and assets of the Bank, and improve the welfare of all colleagues; I pray to God the Almighty for a year of health and prosperity for all.
Mohammad Kazem Ghaghazardy