Bank Sepah
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Bank Sepah to Offer Shares in Major Investment Group
EghtesadOnline: State-owned Bank Sepah will offer 17% of its shares in Omid Investment Management Group, the bank’s investment arm, in the stock market on Saturday.
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Bank Sepah Says Could Face Credit Squeeze Post-Merger
EghtesadOnline: The state-owned Bank Sepah, with which five military banks merged recently, may face difficulty maintaining its balance sheet, CEO of the bank said.
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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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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…
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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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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…
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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…
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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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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,…
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No Restrictions on Bank Sepah’s German Operations
EghtesadOnline: Bank Sepah, the oldest Iranian bank, has denied reports in the local media that its Frankfurt branch has been subject to a new round of sanctions, saying foreign exchange operations…
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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…
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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…
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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…
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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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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…
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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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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…
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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…
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Bank Sepah Expanding Ties With Iraq
EghtesadOnline: Iranian and Iraqi officials in Tehran discussed further expansion of bilateral banking ties.
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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…
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Bank Sepah Planning China, S. Korea Branches
EghtesadOnline: Bank Sepah plans to open branches in China and South Korea, a board member of the bank said.
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Bank Sepah ready to help foreign investors enter Iran market: Official
EghtesadOnline: Iranian bank, Sepah, has expressed readiness to help foreign entities, that following the removal of West's sanctions on the country, are interested in investing in the Islamic…