Bank Melli Iran
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Auction to Burst Iran's Gold Coin Bubble
EghtesadOnline: Bank Melli Iran, through its affiliate Bank Kargoshaee, has launched a three-day auction to deflate the gold coin bubble in Tehran's market.
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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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Bank Melli Iran Upbeat on Int’l Expansion
EghtesadOnline: Iranian banks remain devoid of ties with major European counterparts who understandably err on the side of caution for fear of having to pay millions of dollars courtesy of potential…
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BMI’s Capital Exceeds $5b
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),…
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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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Bank Melli Iran Invests $25m in Startups
EghtesadOnline: Bank Melli Iran, owned by the government and the largest commercial bank in Iran, has invested more than 1 trillion rials ($25.6 million) in three knowledge-based startups, an…
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Linkup With Brazilian Lenders
EghtesadOnline: With the aim of expanding banking correspondent relations to support foreign trade, Bank Melli Iran has succeeded in establishing correspondent ties with Brazilian banks, the…
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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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AML Courses at Bank Melli
EghtesadOnline: Bank Melli Iran, the nation’s biggest lender, is ramping up efforts to teach anti-money laundering principles to its staff.
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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.
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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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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…