Noor Credit Institution to Become Bank
Noor Credit Institution to Become Bank

Noor Credit Institution to Become Bank

Noor Credit Institution to Become Bank

Noor Credit Institution is planning to increase its capital from the current 3 trillion rials ($7.5 million) to 6 trillion rials ($15 million) and become a bank, said the credit institution’s managing director. “The Central Bank of Iran has already approved our plans for launching Noor Bank that will start operations after raising its capital level,” BankeMardom.com also quoted Mohammad Hossein Eskandari-Zadeh as saying on Saturday. Noor is one of the five credit institutions to have been certified by CBI. The institution became operational on July 2015. Eskandari-Zadeh noted that Noor is the first financial institution in Iran to promote “social banking”. “We will focus on similar objectives in Noor Bank,” he said. Eskandari-Zadeh said that in terms of paid loans, Noor is the top credit institution in the country and 11th in the whole banking system.


Short URL : https://goo.gl/6n3U8K
  1. https://goo.gl/0jqyB1
  • https://goo.gl/aOMn4w
  • https://goo.gl/GOEt9V
  • https://goo.gl/9wWIR5
  • https://goo.gl/FYHbQl

You can also read ...

President Rouhani Officially Inaugurates Tabriz 2018
A glittering ceremony attended by President Hassan Rouhani was...
Audi Recalling 1.16 Million Vehicles
Volkswagen AG’s luxury unit Audi said on Tuesday that it was...
E-Jing GT electric sports car concept
The Beijing International Automotive Exhibition is a barometer...
While Iran currently produces about 400,000 tons per year of aluminum, consumption is around 600,000 to 700,000 tons.
Iran is on track to launch a new aluminum smelter early next...
In its meeting on Tuesday, the Money and Credit Council, headed by CBI Governor Valiollah Seif, approved further cuts to interest rates levied on Housing Savings Account.
Iran's highest financial decision-making body has approved...
Export Price Index Rises 33.5% YOY, 7.5% MOM
The export price index stood at 323.1 in the 11th Iranian...
Bank Branches Shrink
Iranian banks have shrunk by 0.3% in the previous quarter...
A host of high-level officials, including several ministers, CBI Governor Valiollah Seif and two deputies of President Hassan Rouhani were present at the meeting on April 25. 
Iran’s First Vice President Es’haq Jahangiri on Wednesday...

Add new comment

Read our comment policy before posting your viewpoints