Economy, Business And Markets
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Interest-Free Loans of BMI

Interest-Free Loans of BMIInterest-Free Loans of BMI

The value of Bank Melli Iran’s Qarzol-Hasaneh (interest-free) deposits stand at 72 trillion rials ($2.3 billion), said Abdolnasser Hemmati, the bank CEO. He added that BMI’s interest-free loans during the nine months ending December 21 amounted to 46 trillion rials ($1.5 billion), Mehr News Agency reported on Thursday. A part  of the deposits was allocated to charities for job creation programs.

Financialtribune.com