29122
Mizan Takeover  by Saderat
Economy, Business And Markets

Mizan Takeover by Saderat

Central Bank of Iran confirmed in an official statement the takeover of the insolvent Mizan Credit Institution by Bank Saderat, according to akhbarbank.com. The private lender has vowed to reimburse depositors, customers and employees of the now-defunct company.  Founded in 2001 in the northeastern city of Mashhad, the former quasi-lender owes 2.5 trillion rials ($83.5 million) to customers and has over 2 trillion rials ($66.7 million) in bad loans.

Short URL : http://goo.gl/wVDkYm
  1. http://goo.gl/GYvqvU
  • http://goo.gl/tojwuY
  • http://goo.gl/eqAxGz
  • http://goo.gl/G15gJC
  • http://goo.gl/n4DhtX

You can also read ...

Central Bank of Iran Against Market Intervention
Central Bank of Iran's Governor Abdolnasser Hemmati said the...
New Forex Initiative Unable to Tip Scales
The new forex initiative has only managed to fix major policy...
VDMA Backs Iran Trade
Germany’s plastics and rubber machinery trade association,...
Tehran Shows 4th Biggest Upturn in Economist’s Livability Index
Tehran is one of the top five cities in the world to have...
Equity-Based Sukuk Return to Iran Capital Market
The government is set to clear part of its debt to Social...
Musk Bid for Tesla Still Murky
Tesla Inc’s board named a special committee of three directors...
S. Korea Bans Recalled BMWs Over Fire Fears
The South Korean government has said it will ban about 20,000...
Over €81m Worth of Airport Equipment Purchased  Post JCPOA
Iran Airports & Air Navigation Company, an arm of the...

Trending

Googleplus