فرهنگ حسینی - کراپ‌شده

Seyyed Farhang Hoseini: The extra paid interest and the extra taken facilities interest in comparison with the rate of money and credit council has not been acceptable in tax expenses from the budget of 1392 A.H. and the banks ought to pay taxes for them.

Tehran, April 13 (SENA) – The managing director of Amir Holding mentioned the aforesaid in an interview with SENA and asserted: Therefore, in case of not following the rates of money and credit council, the banks will have additional costs and actually paying more than the ratified rates is damaging for the banks.

Farhang Hoseini claimed interest rate as one of the most important factors effecting the decisions of the investors and stated: The changes of bank interest rate are vital factors in economic decisions of the investors. The boom of the Capital Market is in need of decrease in the interest rate. In the common periods of bourse’s success, the interest rate was lower than its average and increase in the interest rate was the factor of halt and stagnation in bourse.

He, mentioned money and the Capital Market as two major rivals and added: We observed in the last two seasons a significant balance in P/E rate so that the Trailing Twelve Months (TTM) P/E of the market reached 10 to 12. On the other side, the upcoming P/E considering the cash benefits of the upcoming assemblies reached 5 to 7 in the most industries.

The managing director of Amir holding continued: Decrementing the interest rate to the range of 15 to 16 percent can simultaneously decrease the attraction of bank deposit and move the capitals towards bourse. The cash efficiency of many stocks has surpassed the bank interest rate, however, it has the abilities of productivity growth and keeping the value of the stockowners’ wealth in the condition of Dollar exchange rate’s increase.

The Capital Market expert declared: Having no competition between the banks for the interest rate and managing the banks with shortage of resources from the central bank can accelerate the procedure of amending the bank system. The bank system of the country has reached a stable and benefiting condition from the huge damages in the middle of last decade. The banks’ rivalry in the interest rate threatens the whole bank system, which in case of management and having no competition, we can observe betterment in the performance, the structure of the balance sheet and profitability of the banks besides the boom of the Capital Market.

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