CBI Reporting Growth in Liquidity Volume
The latest report on the banking system’s total assets and liabilities released by the CBI proves a 23.2% growth in liquidity volume for the period ended 20 March 2017. Comparisons show that the liquidity volume has reached from IRR 4,600,000 bn in 2102 to IRR 12,500,000 bn in 2017.
During 2016/17, state-owned commercial banks and specialized banks’ debt declined by 13.4% and 13.7%, respectively while non-governmental and private institutions and banks’ debt hit IRR 382,300 bn, rising 206.3%.
The CBI statistics show that its total foreign assets reached IRR 3,394,100 bn at the end of 2016/17, in comparison with 2015/16, shedding 3.5%. Besides, the CBI’s other assets went up by 33.8% to stand at IRR 29,700 bn; its total assets also stood at IRR 5,046,900 bn, of which 576,100 bn was the governmental sector’s debt to the CBI. Of this figure, IRR 273,800 bn is the government debt and IRR 302,300 bn is the state-owned institutions’ debt. The government debt to the CBI decreased by IRR 64,800 bn at the end of the Persian calendar year (21 March 2017), although the total government debt to the CBI went up by 12.2% during this year.
Total issued bills (with 9.7% rise) hovered around IRR 535,100 bn at the end of 2016/17, of which IRR 393,300 bn was in public’s hands, IRR 91,700 bn stayed at banks and IRR 50,100 bn was with the CBI.
The non-governmental sector debt to banks and credit institutes went up 24.7% over the previous year to stand at IRR 9,177,200 bn. Furthermore, its deposit registered a 23.9% increase to hit IRR 12,140,000 bn.
Based on this report, demand deposits hovered around IRR 1,237,000 bn, LT investment deposits were IRR 10,123,100 bn, Qarz Al-Hasane deposits were IRR 602,900 bn and other deposits stood at IRR 177,600 bn.
Over 2016/17, demand deposits grew by 24.3%, LT investment deposits went up by 23.6%, Qarz Al-Hasane deposits rose by 28.3% and other deposits experienced a 19.5% growth.
Banks and credit institutes’ deposits with the CBI at the end of this year reached IRR 1,313,300 bn, going up by 22%, IRR 1,253,900 bn of which were kept as legal requirement with IRR 59,400 bn being kept as the demand deposits.
The governmental sector’s deposits with the CBI increased by 10.5%, IRR 325,800 bn of which were the government’s deposits and IRR 47,700 bn were governmental companies and institutions’ deposits.
Finally, banks and credit institutions’ debt to the CBI reached IRR 1,154,900 bn; private banks’ debt used to be 124,700 bn in 2015/16, which reached IRR 382,300 bn over this period, rising 206.6%.
- Lavan Oil Refining has managed to make IRR 968 EPS for the FY ended 20 March 2017; this posts a 4,300% growth compared to the same period last year, covering 300% of the company’s last projections.
- Chadormalu Mining & Industrial board members approved the 19% capital raise plan relying on shareholders’ paid-in capital and claims. Furthermore, the board member s of Gol-e Gohar Mining & Industrial also applied for a 60% capital raise plan to the SEO relying on shareholders’ paid-in capital and claims.
In the Market
Following the news on the upcoming increase in cement price, nearly the whole Cement space ended in the green, led by Doroud Cement (+4.75%). Uremia Cement and Behbahan Cement also closed with buy queues. 5.55 mn shares of Fars & Khuzestan Cement were also block traded in the retail market at IRR 1,560, 2.97% higher. This dragged the majority of tickers in the Construction space into the green zone settling with good gains.
A rather negative sentiment was seen among companies listed on the Automotive industry. Iran Lent (+3.52%) and Zar Spring Mfg. (+3.24%) were the only facing buy queues during the session; Motorsazan Iran Tractor also closed with a buy queue.
Iran Khodro is going to hold its general annual meeting for the FY ended 20 March 2017 on June 22nd; in order to diversify its financing tools, this company is planning to offer 6,500 Dena vehicles (equal to 25% of its whole production) in the Iran Mercantile Exchange.
A rather negative atmosphere also dominated the Metals sector, although Iran Pipe & Machinery (4.13%), Khuzestan Steel (1.5%), Middle East Mining Industries (1.24%) and Iran Ferrocilis (2.79%) ended in the green.
It was announced that Iran’s zinc export to China registered a 55% growth in 2017. Except from Gol-e Gohar Mining & Industrial (2.6%) and Iran Manganese Mines (3.27%), other names in the Iron Ore group went through balanced trades.
Having held its extraordinary general meeting and approving the 163% capital raise plan (124% from shareholders’ paid in capital and claims plus 39% from retained earnings), Glocozan ticker in the Food & Beverages space was reopened at IRR 19,050, 13% higher. Shahdab-e Nab-e Khorasan (4.6%) also closed with a buy queue.
DISCLAIMER: This report has been prepared and issued by Agah Brokerage Firm on the basis of publicly available information, internally developed data and other sources believed to be reliable. The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. Agah does not assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions. Any expressions of opinions are subject to change without notice.
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