Parsian Bank Doubles Capital

EghtesadOnline: In a letter to the CEO of Parsian Bank, the Central Bank of Iran approved an increase in the bank’s capital.

News ID: ۷۶۸۴۵۳

21 July 2016

Founded in February 2002 as a nongovernment bank, the lender previously had a capital of 23.76 trillion rials ($769.3 million), which has now been increased to 50 trillion rials ($1.6 billion).