Fundamental analysis by یکتا بورس about Stock وشهر on 7/22/2024

#And city 🔹 Increase the Historical Bank of City after a decade; Bank of the city ranked second in the stock exchange banks in terms of capital ای During the extraordinary general meeting of the City Bank, which was held today (Sunday, July 31), with the participation of more than 70 % of shareholders, the increase in the country's stock exchange was approved by 375 billion riyals. Increasing the Historical Capital of the Bank of City, which was carried out after about a decade, with the promise of senior executives of the Bank; The bank was applied to shareholders' cash and revaluation of long -term investments. With the finalization of the City Bank's capital increase, the bank's total capital reached about 395 trillion rials and ranked second in the stock market. Increasing the City Bank's capital aims to improve the financial structure to increase the bank's safety level against existing risks, increase profitability and competitiveness, increase the bank's capacity and capacity to attract resources and grant facilities, exit Article 141 of the Commercial Code, as well as maintain and obtain a greater share of the country's monetary and banking market. Dr. Seyyed Mohammad Mehdi Ahmadi, Managing Director of City Bank at the Bank's performance review, last year Had promised to raise the city's historic capital to shareholders and emphasize; The bank's management team has made any effort to provide shareholders' satisfaction and interests, especially small shareholders.