Parsian Bank to Buy Samen
Economy, Business And Markets

Parsian Bank to Buy Samen

Bank Parsian is set to take over the insolvent credit institution, Samen-al-Hojaj, following problems its depositors face in taking back their money, according to website banker.ir. The latest audit of the lender’s books shows the value of shares of businesses owned by Samen in total shrunk to 60 trillion rials ($2 billion), a loss of 40 trillion rials ($1.34 billion). Samen al-Hojaj  operated for 18 years and has 550 branches throughout the country, twice the number of an average commercial private bank. It was first mentioned by the CBI on its website in 2010 and identified as “in the process of obtaining a license” along with other similar financial institutions. But apparently it never followed up on the certification process and continued doing business without the proper papers as demanded by law.


Short URL : http://goo.gl/e7ExNo
  1. http://goo.gl/h7APHF
  • http://goo.gl/5H8Qnl
  • http://goo.gl/7EETpv
  • http://goo.gl/cOEiRX
  • http://goo.gl/mqGeyF

You can also read ...

Iran-Afghanistan Trade Corridors to Bear Fruit for Both India, China
A strategic deployment of trade corridors is taking shape...
EIB Casts Doubt on European Plan to Salvage Nuclear Deal
The European Investment Bank’s global operations would be put...
India Says Iran Economic Ties Not Affected by US Sanctions
Less than three weeks before the first wave of US sanctions...
MTN Halts Iran Fiber Optic Investment
South Africa’s MTN has halted collaborations with Iranian...
Think Tank Recommends Ways of Overcoming JCPOA Challenges Facing EU
European efforts to keep Iran in the nuclear deal (formally...
Stocks Bow to Systematic Risks
Systematic risks have caught up with the Iranian stock markets...
Majlis Think Tank Calls for  Regulating Cryptocurrency
The research arm of Iran's Parliament has conducted a study on...
Warning to Banks Withholding Customer Data
The Iranian National Tax Administration’s special prosecutor...