Bank Melli Iran
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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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Bank Melli Lends $7 Billion in 10 Months
EghtesadOnline: Bank Melli Iran, the biggest state-owned lender, gave 952 trillion rials ($7.1 billion) in loans over ten months since the beginning of current fiscal year that ends in March.
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Iran: New Scheme Unveiled to Boost Manufactures
EghtesadOnline: The Central Bank of Iran’s new scheme to fund manufactures, known as Productive Credit Certificate, was launched Tuesday at the central branch of Bank Melli Iran.
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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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Domestic Bank to Help Support Tech Firms
EghtesadOnline: The state-owned Bank Melli Iran has signed an agreement with Iran National Innovation Fund to extend financial assistance to fledgling knowledge-based companies and startups.
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Bank Melli Iran Pays $100m in Debt Purchase Loans
EghtesadOnline: State-owned Bank Melli Iran has granted 7,612 debt purchase applicants facilities worth 11.78 trillion rials ($100.7 million) in the first four months (March 21-July 22) of the…
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Banking on Private Enterprise
EghtesadOnline: Bypassing US economic sanctions is the function of a robust private sector and the banking sector will step in to empower private companies, said the CEO of state-owned Bank Melli…
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German Court Rules In Favor of Bank Melli
EghtesadOnline: A court in Germany has ordered Deutsche Telekom, a partly state-owned telecom provider, to reactivate phone and internet services for the Hamburg branch of Bank Melli Iran.
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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 Outlines Forex Measures
EghtesadOnline: Director of Bank Melli of Iran’s Foreign Exchange Department Gholamreza Panahi outlined the lender’s measures to comply with new policies tightening government control over the…
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BMI Loans for Turkey Business
EghtesadOnline: Bank Melli Iran, the nation’s biggest state-owned lender, has called on Iran and Turkey’s businesspeople to tap into special letters of credit facilities offered as part of the…
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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 Bonds to Boost Housing Affordability
EghtesadOnline: Bank Melli Iran, the nation’s biggest bank, is set to issue its first-ever housing bonds soon and experts believe that will lead to a drop in the price of bonds in the over-the-counter…
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Bank Melli's Investment Arm Continues Downsizing Efforts
EghtesadOnline: Bank Melli Iran's investment arm, Tosee Melli Group Investment Company, is planning to continue its downsizing efforts, which started last year, by selling stakes in six of its…
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Bank Melli Reviving Ties With French Bank
EghtesadOnline: High-level executives with Bank Melli Iran and France’s Banque Delubac met on Wednesday in Tehran to discuss a potential restoration of relations that were cut off after Iran…
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Capital Market Plans 2 Block Sales by March 20
EghtesadOnline: Bank Melli Iran and Iran Khodro Diesel are planning to undertake two of the capital market’s final and sizable block sales in the current fiscal year (March 21, 2017-18).
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US Top Court Refuses to Hear Bank Melli Appeal of Ruling
EghtesadOnline: The US Supreme Court on Monday declined to take up Iranian government-owned Bank Melli’s appeal of a lower court ruling that allowed victims of militant attacks allegedly backed…
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Bank Melli Iran Enhancing Ties With Spain’s Aresbank
EghtesadOnline: Top representatives of Bank Melli Iran, the country’s biggest bank, and Spain’s Aresbank met on Tuesday to prepare the ground for expanding ties in the near future.
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Presale Crosses 96,000 Gold Coins
EghtesadOnline: The presale of Bahar Azadi gold coins priced at 14 million rials ($311) and 13 million rials ($288) respectively with maturity periods of six months and one year began on Saturday…
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Bank Melli Iran Invests $10 Million in Big Data
EghtesadOnline: Bank Melli Iran, the nation’s biggest bank, is becoming more aware of the important role played by big data, as its deputy for information technology and communications network…
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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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Mir Business Bank Branch Planned in Sarakhs
EghtesadOnline: Bank Melli Iran, the nation’s biggest bank, is planning to establish a branch of its subsidiary Mir Business Bank–based in Russia– in Iran, a member of its board said.
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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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Gold Coin Loses Steam in Tehran Market
EghtesadOnline: After 10 auctions were held by Bank Melli Iran’s Bank Kargoshaee for deflating the bubble in gold coin prices, demand for the precious metal seems to be cooling.
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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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Two Major Lenders Hold General Meetings
EghtesadOnline: The annual general meetings of two major state-owned banks, Bank Melli Iran and Bank Maskan, have been belatedly held and their balance sheets for the previous fiscal year to…