Business And Markets

First Military Bank Merges With Sepah

First Military Bank Merges With SepahFirst Military Bank Merges With Sepah

Bank Hekmat Iranian, a private lender affiliated to the  Army, officially merged with the state-owned Bank Sepah following an extraordinary meeting on Saturday. 
"Bank Hekmat Iranian is now the first of five military-affiliated banks to merge with Bank Sepah," the CEO of Bank Sepah Mohammad Kazem Choghazardi said.
"As of June 1 all branches of Bank Hekmat Iranian will operate under the name of Bank Sepah."


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment