Bank Melli Iran Pays $100m in Debt Purchase Loans

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 current fiscal year.
The facilities include provision of liquidity for businesses with BMI buying their financial documents like checks and promissory notes with longer maturity dates, according to a report published on the bank’s website.
The bank granted 40.27 trillion rials ($344.2 million) debt purchase loans to applicants via 19,916 debt purchase contracts in the last fiscal year that ended in March 2019.