Annual Report
In the Name of God Annual Report For the Year Ended March 20, 2017 Financial Highlights IRR million 20171 20162 20153 20144 20135 Outstanding Loans 53,625,316 28,097,787 21,474,088 13,057,539 2,575,223 Deposits 62,781,801 34,416,163 24,914,454 14,422,913 1,141,668 Total Assets 74,544,249 41,377,823 30,717,191 21,252,583 5,590,608 Net Profit 2,023,812 1,355,526 848,516 820,029 408,081 Basic EPS 506 339 212 205 102 Guarantees 21,543,141 16,750,179 11,779,733 3,892,820 510,868 Letters of Credit 2,975,041 2,507,746 670,033 756,603 - Capital Adequacy Ratio, Basel-III Foundation-IRB (Percent) 12.6 12.8 13.8 - - Capital Adequacy Ratio, Basel-III Standardized Approach (Percent) 11.7 12.5 13.5 26.1 - 1. Year ended March 20, 2017 2. Year ended March 19, 2016 3. Year ended March 20, 2015 4. Year ended March 20, 2014 5. Year ended March 20, 2013. Middle East Bank had only five months of operation in that year The Exchange Rate of the Iranian Rial On March 20, 2017, the official exchange rate of the US dollar was: USD1 = IRR32,420. A Note on the Iranian Calendar Iran’s official calendar is a solar calendar that starts on the first day of spring and ends on the last day of winter. The government of Iran as well as Iranian banks have adopted the calendar year as their fiscal year.
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