$1b Worth of Payment Orders Issued by Bank Melli

Bank Melli Iran, the state-owned giant lender, has issued 3,100 payment orders in foreign currencies worth over $1 billion, said the bank’s CEO. BMI has recorded a 270% growth in the total number of issued payment orders and a 180% growth in their value, Mohammad Reza Hosseinzadeh was also quoted as saying by BMI’s website. BMI also announced that it has granted loans to more than 1 million applicants during the eight months to November 20. The lender has paid 532.6 trillion rials ($16.4 billion) to various business sectors during the period. BMI has paid loans to 44,000 applicants active in agricultural and industrial sectors during the period. Housing and construction sectors took out 7 trillion rials ($216.6 million) in loans from the bank.