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BMI Expanding Presence in Iraq

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.
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Publish Date:23/August/2017 | 08:44

Iranian bank opens branch in Iraq’s Najaf

EghtesadOnline: Bank Melli Iran (BMI) for the first time opened a branch in Iraq’s holy city of Najaf on Sunday on a probationary basis.
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Publish Date:21/August/2017 | 11:54

BMI Issues Islamic Bonds Worth $1.2b

EghtesadOnline: Bank Melli Iran issued 3,092 Islamic Treasury Bills worth over 47 trillion rials ($1.2 billion) during the first quarter of the current Iranian year (started March 21).
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Publish Date:20/August/2017 | 08:51

BMI Holds AML-CTF Course

EghtesadOnline: Bank Melli Iran has organized a two-day course for training educators in the field of anti-money laundering and combating terrorist financing, the bank’s official website announced.
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Publish Date:16/August/2017 | 09:11

BMI Shedding Excess Assets

EghtesadOnline: Bank Melli Iran has divested affiliated companies worth 9.746 trillion rials ($255.7 million) in the previous fiscal year (ended March 20, 2017), registering a 140% growth year-on-year, the bank’s official website announced.
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Publish Date:14/August/2017 | 24:15

BMI Post-Sanctions Transactions Top $20b

EghtesadOnline: Since the implementation of Iran’s nuclear deal with major world powers in January 2016, Bank Melli Iran has had a turnover of $20 billion, the bank’s official website announced.
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Publish Date:13/August/2017 | 13:25

BMI Developing Loan Tracking Software

EghtesadOnline: Bank Melli Iran , the nation’s biggest lender, is developing a new software that tracks the process of loan allocation for different projects.
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Publish Date:02/August/2017 | 10:33

BMI Raises Cap for Forex Payment Orders

EghtesadOnline: Bank Melli Iran has more than doubled the ceiling for its non-commercial foreign exchange payment orders to €5,000 ($5,866) from the previous €2,000 ($2,347) per person.
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Publish Date:01/August/2017 | 11:11

80% IFRS Conformity in BMI Balance Sheets

EghtesadOnline: Bank Melli Iran , the nation’s biggest bank, has made significant headways in conforming to International Financial Reporting Standards, its chief executive said.
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Publish Date:31/July/2017 | 24:17

IRICA, BMI to Launch Online Payment System

EghtesadOnline: To improve the speed and precision of customs’ banking affairs, Bank Melli Iran and the Islamic Republic of Iran Customs Administration are to launch an online payment system.
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Publish Date:22/July/2017 | 07:08

BMI Urged to Lead Banking Reforms

EghtesadOnline: Economy Minister Ali Tayyebnia has called on Bank Melli Iran , the nation's biggest lender, to be at the vanguard of much-needed reforms in the ailing banking sector by supporting businesses, reducing interest rates and developing Internet banking.
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Publish Date:15/July/2017 | 10:41

Surge in BMI Interest-Free Loans

EghtesadOnline: Bank Melli Iran has provided over four million Qarzol-Hassaneh (interest-free) loans worth 87 trillion rials ($2.3 billion) in the past four years, the bank’s website announced.
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Publish Date:11/July/2017 | 07:25

BMI Slimming Down

EghtesadOnline: Bank Melli Iran is set to gradually shed its excess assets currently worth 27 trillion rials ($714 million) after the clearance of legal hurdles, BMI’s deputy for logistics announced.
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Publish Date:04/July/2017 | 07:41

Drop in BMI NPLs

EghtesadOnline: Iran’s biggest bank managed to reduce its ratio of non-performing loans to total loans in the last Iranian year (ended March 20, 2017).
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Publish Date:21/June/2017 | 08:20

BIM Loans for SMEs Top $600m

EghtesadOnline: Bank of Industry and Mine has doled out 23 trillion rials ($613 million) in loans to small- and medium-sized enterprises since March 2016 as a part of the stimulus scheme for SMEs, the bank’s website announced.
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Publish Date:20/June/2017 | 09:47

Bank Melli's Loan-To-Deposit Ratio at 90%

EghtesadOnline: Bank Melli Iran 's loan-to-deposit ratio is now 90%, which is considered acceptable, the CEO of the bank has said.
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Publish Date:19/June/2017 | 07:45

BMI Hamburg Transactions Hit €11 Billion

EghtesadOnline: Bank Melli Iran ’s Hamburg branch has conducted transactions worth €11 billion ($12.3 billion), noting that the bank’s activities soared after economic sanctions against Iran were lifted in January 2016, said a bank’s official.
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Publish Date:13/June/2017 | 08:34

Bank Melli Iran to Set Up Debt Collection Agency

EghtesadOnline: Bank Melli Iran , the country's largest commercial lender, is set to establish a company tasked with recovering its non-performing loans, announced a member of the state-owned bank's board of directors.
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Publish Date:13/June/2017 | 05:56