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Parsian Bank Doubles Capital
Economy, Business And Markets

Parsian Bank Doubles Capital

In a letter to the CEO of Parsian Bank, the Central Bank of Iran approved an increase in the bank’s capital. Founded in February 2002 as a nongovernment bank, the lender previously had a capital of 23.76 trillion rials ($769.3 million), which has now been increased to 50 trillion rials ($1.6 billion).

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