Bank Melli Iran (BMI) News

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 nations’ currency…

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. “Bank Melli Iran has started charging…

Following a national currency swap deal that was recently implemented, Iran and Turkey are now pursuing the integration of bank cards in a move aimed at helping the massive flow of tourists…

Iran and Turkey have started implementing a deal finalized by the two neighboring countries last year to use their national currencies in mutual trade with the first letter of credit being…

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 Fara Iran…

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 assets in the new…

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.

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 says it has…

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.

TMGIC’s shares in eight of the…

 Bank Melli Iran, through its affiliate Bank Kargoshaee, has launched a three-day auction to deflate the gold coin bubble in Tehran's market.

According to domestic gold market…

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 US…

Bank Melli Iran’s foreign exchange trading services, which include opening lines of credit and processing foreign exchange remittances for importing commodities, have registered respective year-…

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 official at the…

Bank Melli Iran, the country's largest commercial lender, is set to establish a company tasked with recovering its non-performing loans, announced a member of the state-owned bank's board of…

The “Mechatronic and Information Technology City” project will move along the pathway to create a Silicon Valley-like site in the country.

At a meeting on Monday, Ali Mohammad Noorian,…

Bank Melli Iran is planning to overhaul its European branches after clearing the procedures both inside the country and abroad, the director of BMI's Department for Foreign Exchange said.

Bank Melli Iran's ratio of non-performing loans to total loans currently stands at 7.7%, about 3% lower than the average ratio for the domestic banking system, announced the chief executive of the…

Bank Melli Iran has recorded a good year in its international dealings with the volume of foreign exchange transactions reaching "about €10 billion" during the previous fiscal year that ended on…

Bank Melli Iran and the Central Bank of Russia have agreed to revitalize cooperation to support the two countries’ trade ties.

During a meeting with Dmitry Skobelkin, the deputy governor of…

Bank Melli Iran announced it can now transfer money overseas for individuals, as the bank expands its international ties in the post-sanctions era.

“The customers are now able to transfer…

Bank Melli Iran’s subsidiary in UK, Melli Bank Plc., has recently connected to Target 2, the European interbank payment network, said director of BMI’s Department for International and…

Bank Melli Iran is ready to introduce intelligent plastic banknotes in line with plans to promote usage of innovative technology in the banking sector, said Reza Mansouri, managing director of BMI…