EghtesadOnline: With the support of the Information and Communications Technology Committee affiliated with the vice presidency for science and technoogy, Iran’s biggest bank has clinched a deal with one of the nation’s top universities to establish a startup accelerator center.

EghtesadOnline: Bank Melli Iran has benefited from another recapitalization worth 11.5 trillion rials ($295 million) which increased the capital of the bank to 198.5 trillion rials ($5.09 billion), BMI’s official website reported.

EghtesadOnline: After months of following up the issue, Bank Melli Iran’s Paris branch has been connected to Target 2, the European interbank payment network, a board member of the bank said on Sunday.

EghtesadOnline: Bank Melli Iran’s foreign exchange trading services, which include opening lines of credit and processing foreign exchange remittances for importing commodities, have registered respective year-on-year increases of 173% and 95.5% in terms of value and number respectively during the first five months of the new Iranian year (started March 21), BMI’s website reported.

EghtesadOnline: A comprehensive system for exchanging information on combating money laundering pertaining to Bank Melli Iran, the nation’s biggest lender, has been established by the bank with the support of the Ministry of Economic Affairs and Finance.

EghtesadOnline: Bank Melli Iran’s branch has started operations in the Iraqi holy city of Najaf Al-Ashraf, the lender’s chief executive said.

EghtesadOnline: Bank Melli Iran, the nation’s biggest lender, is ramping up efforts to teach anti-money laundering principles to its staff.

EghtesadOnline: Bank Melli Iran, owned by the government, doled out nearly 423,000 loans worth 195 trillion rials ($5.11 billion) during the four months to July 22.

EghtesadOnline: Bank Melli Iran–the country’s biggest commercial lender–is expanding its presence in neighboring Iraq by establishing new branches in its capital city Baghdad, the shrine city of Najaf and the southern city of Basra, the bank’s deputy for foreign exchange affairs announced.