Business And Markets

BMI Sells $200m in Assets in H1

BMI Sells $200m in Assets in H1BMI Sells $200m in Assets in H1

State-owned Bank Melli Iran, the largest domestic lender, says it sold assets worth 56 trillion rials ($200 million) in the first six months (March 20-Sept. 21) of the current fiscal year. 
The divested assets included non-financial assets and shares owned by the bank and its subsidiaries, the lender’s news portal reported. 
Shares of BMI subsidiaries sold in the stock market accounted for the lion’s share of the divested assets. The lender said it earned 48.8 trillion rials ($171 million) from that move. The value of BMI non-financial assets, such as real estate, was 7.7 trillion rials in H1.  


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