tag Bank Sepah

A Closer Look at Bank Mergers in Iran

EghtesadOnline: A senior former banker says the planned merger of five banks affiliated to the armed forces with the government-owned Bank Sepah can be a step in the right direction in that it would cut costs.
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Publish Date:10/March/2019 | 13:15

Bank Sepah ’s Capital Adequacy Ratio Hits 10.5%

EghtesadOnline: Bank Sepah ’s capital base has increased by 740% in the past two years, which led to the bank’s capital adequacy ratio (CAR) to hit 10.5% from a low of 2% during the sanctions, which have now been lifted, the bank’s CEO announced.
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Publish Date:21/January/2018 | 09:55

Bank Sepah NPL Ratio Reaches 10%

EghtesadOnline: Bank Sepah , the oldest Iranian lender, has managed to lower its ratio of non-performing loans close to 10% and boost its capital adequacy ratio to over 11%, which are both better than the national average.
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Publish Date:18/November/2017 | 15:27

Auctions of Bank Properties to Continue

EghtesadOnline: During the latest auction held last week as part of the overall plan of shedding excess assets of Iranian banks mostly held in the real-estate sector, 20 properties belonging to Bank Sepah were sold, the head of the Company for Selling Banks’ Excess Assets aka Fam said.
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Publish Date:11/November/2017 | 11:54

Bank Sepah Funding Jobs

EghtesadOnline: With the aim of promoting job creation, Bank Sepah , a major state-owned lender, has allocated 25 trillion rials ($632.9 million) to be granted as loans to projects selected by provincial task groups, announced the bank’s chief executive.
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Publish Date:08/October/2017 | 07:03

Bank Sepah to Open 3 Overseas Branches

EghtesadOnline: Bank Sepah , a major Iranian commercial bank, plans to open branches in China, South Korea and Iraq in the near future.
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Publish Date:13/September/2017 | 11:58

Bank Sepah Allocated $11b From NDFI Forex Resources

EghtesadOnline: Bank Sepah allocated $11.17 billion from the National Development Fund of Iran's foreign exchange resources to bankroll major national projects in the last Iranian year (ended March 20, 2017).
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Publish Date:26/August/2017 | 06:19

Bank Sepah to Guarantee Foreign Investors

EghtesadOnline: Bank Sepah is ready to review foreign investment projects in Iran and guarantee them, a board member of the state-run bank announced.
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Publish Date:29/May/2017 | 07:03

Iran's Bank Sepah Plans China, S. Korea Branches

EghtesadOnline: Bank Sepah plans to establish branches in China and South Korea since Iran’s trade value is considerably high with these two countries, said an official with Bank Sepah , adding that they already have active branches in Rome, London and Paris.
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Publish Date:01/May/2017 | 11:52

Bank Sepah int'l branch in London resumes activity in post-JCPOA

EghtesadOnline: Bank Sepah international London-based branch alongside the other European branches have started to render banking services in the international scene, especially to the Iranian companies and projects after the implementation of the Joint Comprehensive Plan of Action (JCPOA).
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Publish Date:09/March/2017 | 16:48

Bank Sepah Expanding Ties With Iraq

EghtesadOnline: Iranian and Iraqi officials in Tehran discussed further expansion of bilateral banking ties.
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Publish Date:28/February/2017 | 16:34

Bank Sepah ’s Forex Operations Up 31%

EghtesadOnline: The total value of forex operations conducted by Bank Sepah stood at $3.714 billion during the 10 months to January 3, marking a 31% growth compared with the previous year’s $2.828 billion.
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Publish Date:12/January/2017 | 14:47

Sepah Emerges as Biggest Lender

EghtesadOnline: The recent bank merger of five banks and credit institutions linked to the military forces with the state-owned Bank Sepah has turned the latter into the biggest bank in Iran.
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Publish Date:26/December/2020 | 14:22

Iranian Banks Streamlining Operations Before Merger

EghtesadOnline: An unprecedented bank merger is underway in Iran since last March in which five banks and credit institutions affiliated to military organizations are being merged with the state-owned Bank Sepah .
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Publish Date:07/December/2019 | 11:30

Merged Banks Will Have 10% Less Branches

EghtesadOnline: The CEO of Bank Sepah -- the state-owned lender with which five military banks are merging -- says the number of branches of merged banks will be cut by 10%.
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Publish Date:14/September/2019 | 11:32

Military Banks Merger in Progress

EghtesadOnline: The merger of five banks and credit institutions -- affiliated to military forces – with the state-owned Bank Sepah is in progress with the major tasks completed, CEO of the bank said.
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Publish Date:06/August/2019 | 24:26

5 Armed Forces-Linked Banks to Merge

EghtesadOnline: The Central Bank of Iran said Saturday that plans for merging five banks and credit institutions affiliated to armed forces with the state-owned Bank Sepah is in motion.
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Publish Date:03/March/2019 | 11:52