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 ...

How China Became Iran’s Coziest Trade Partner?
From bilateral trade to finance contracts and civil projects,...
The economy of the Islamic Republic of Iran has been tied to political and foreign affairs developments over the years.
This is the Financial Tribune’s last edition of the current...
Iranian Banking Sector Awaits Full JCPOA Benefits
Iran’s Deputy Foreign Minister Abbas Araqchi addressed various...
President Hassan Rouhani on Sunday spoke to reporters after the last Cabinet meeting of the current year.
President Hassan Rouhani on Sunday outlined his administration...
Iran has more than 37 billion tons of proven mineral reserves and 57 billion tons of potential reserves.
Iran exported more than 58.09 million tons of mineral products...
All-Out Growth in Interbank Market
The Central Bank of Iran has released its latest data on the...