BMI Unveils Property Database
Economy, Business And Markets

BMI Unveils Property Database

Bank Melli Iran has launched an online database including information about its properties. The move is in line with plans to promote transparency in the banking system. Barat Karimi, a board member of the BMI, said the bank is planning to increase profitability of its operations and therefore “managers should be aware of the maintenance cost of the bank’s properties,” BMI’s website quoted him as saying. He also noted that his bank is planning to help revive the economy by selling some of its assets though rent-to-own contracts, direct selling or partnerships. The high ratio of bad loans and toxic assets, which account for 42% of banks’ resources has emerged as a major challenge for the banking system. Bank Melli Iran has been successful in reducing its non-performing loans, bringing them down significantly in the previous year which ended in March.  


Short URL : http://goo.gl/FsMueC
  1. http://goo.gl/GRhUFY
  • http://goo.gl/VdCJk7
  • http://goo.gl/l5dfUv
  • http://goo.gl/QcF3lb
  • http://goo.gl/fCcM1c

You can also read ...

iPhone 8 Arrives in Tehran
Apple’s new handsets iPhone 8 and 8 Plus arrived in Tehran on...
 President Hassan Rouhani (L) meets Russian President Vladimir Putin at 2015 BRICS summit in Russia.
The member states of BRICS, the association of five major...
Montreal Hosts Iran-Canada Business Confab
The first conference between Iranian and Canadian businessmen...
BPI to Fund French Projects in Iran
Bpifrance, the country’s state investment bank, will finance...
4,200 State Accounts Moved to Central Bank of Iran
Some 4,200 state-owned companies’ bank accounts have been...
Steel Exporters Welcome Rial Depreciation
It’s a fairly straightforward scenario. Weakening a domestic...
Iran to Join Postal SWIFT in December
Iran will be connected to the financial services system of the...
HRC accounted for the lion’s share of finished steel usage in Iran during the five-month period.
Iran’s semi-finished steel exports during the first five...