BMI
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BMI Boss Urges Fair Appraisal of Bank’s Mounting Problems
EghtesadOnline: After financial statements of Bank Melli Iran became public last week, the chief executive, Mohammad Reza Hosseinzadeh, responded to criticism and defended the performance of…
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From March to August BMI Lends $170m to Newlyweds
EghtesadOnline: Bank Melli Iran lent 42.7 trillion ($170 million) rials in marriage loans to newlyweds in the first five months of the current fiscal year (March 20-August 21).
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BMI Sells $113m in Nonfinancial Assets
EghtesadOnline: State-owned Bank Melli Iran, the largest domestic lender, says it ceded nonfinancial assets worth 26.13 trillion rials ($113 million) in the first five months (March 20- August…
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BMI Told to Open Accounts for Foreign Investors
EghtesadOnline: The Central Bank of Iran on Sunday tasked the state-owned Bank Melli Iran to open accounts for foreign investors seeking residence permit.
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BMI Lends $453m to Newlyweds
EghtesadOnline: Newlyweds have received more than 188,000 marriage loans worth 59.3 trillion rials ($453 million) from the state-owned Bank Melli Iran since the beginning of current fiscal year…
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BMI Says It Is in Good Shape
EghtesadOnline: Bank Melli Iran, the biggest bank in the country said Saturday that it had succeeded in attracting the highest volume of cash both in long-term deposits and Qarz-ul-Hasana (usury-free)…
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BMI Eyes Blockchain Potential
EghtesadOnline: Sadad Informatics Corporation, affiliated with Bank Melli Iran, the nation's biggest bank, has formed a blockchain working group in order to tap into the vast potential offered…
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Business as Usual at BMI’s Overseas Branches
EghtesadOnline: CEO of Bank Melli Iran, Mohammad Reza Hosseinzadeh, said the US pullout from the 2015 Iran nuclear deal has failed to undermine the bank’s overseas operations.
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BMI Funding 143 Projects
EghtesadOnline: Iran’s Bank of Industry and Mine is financing 143 national projects that can generate more than 30,000 direct jobs.
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BMI: US Deal Pullout to Have Limited Impact on Mining Industry
EghtesadOnline: The reimposition of US sanctions on Iran will only have a limited impact on the country’s mining and metals industry in the short run and is expected to do little additional damage…
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BMI Targets Lower Lending Rates
EghtesadOnline: One of Iran’s top bankers has renewed the beleaguered banking system’s call for service fees to emerge as the main source of income instead of interests.
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BMI Investment Arm to Sell Shares in 30 Firms
EghtesadOnline: Bank Melli Iran’s large-cap investment arm, Tosee Melli Group Investment Company, is planning for a major downsizing by selling off shares in 30 companies.
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BMI Absorbs Most Deposits
EghtesadOnline: Bank Melli Iran, the country’s biggest bank, attracted more than 22% of all the rial and foreign exchange deposits of the banking system in the first nine months of the current…
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BMI Launches Housing Savings Account
EghtesadOnline: Bank Melli Iran has launched a special housing scheme to increase people’s purchasing power and help the sector.
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BMI’s 100-Day Foreign Exchange Transactions Exceed $3 Billion
EghtesadOnline: In light of Iranian banks’ expanded international role in the post-sanctions era, the volume of Bank Melli Iran’s forex transactions exceeded $3 billion during the first 100 days…
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BMI to Set Up Innovation Center
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…
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BMI Recovering Bad Loans
EghtesadOnline: Bank Melli Iran has managed to recover more than 64 trillion rials ($1.13 billion) of its non-performing loans during 2013-16, announced the bank’s chief executive.
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BMI’s Paris Branch Joins Target 2
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…
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Surge in Bank Melli Iran's Forex Services
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…
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BMI’s Hong Kong Branch Restarts Operations
EghtesadOnline: The Hong Kong branch of Melli Bank London PLC, a subsidiary of Bank Melli Iran, has officially restarted its operations, the chief executive of BMI announced.
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BMI Holds AML Workshop
EghtesadOnline: Bank Melli Iran is holding an anti-money laundering workshop, tutored by educators from Philip-Sydney, a multi-disciplinary consulting and training firm specializing in Financial…
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BMI Establishes Anti-Money Laundering System
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…
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BMI’s Najaf Branch Opens
EghtesadOnline: Bank Melli Iran’s branch has started operations in the Iraqi holy city of Najaf Al-Ashraf, the lender’s chief executive said.
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BMI Loans Top $5b in 4 Months
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.
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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…
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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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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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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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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…
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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.