BMI
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BMI, Science Ministry Sign Cooperation Deal
EghtesadOnline: Bank Melli Iran and the Ministry of Science, Research and Technology have signed an agreement to enhance bilateral cooperation.
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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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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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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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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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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…
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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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Bank Melli Iran to Invest in Knowledge-Based Firms
EghtesadOnline: State-owned Bank Melli Iran (BMI) has signed a memorandum of understanding with the Presidential Office for Science and Technology to create a new hub for startups and support…
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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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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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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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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…
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BMI: No Trump Effect on Mining Investments
EghtesadOnline: The government of US president-elect Donald Trump will have no significant impact on foreign investments into Iran’s mining sector, as any reinstatement of sanctions will, if…