56615
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 ...

Currency, Gold at New High in Tehran Market
The foreign exchange market heated up again on Monday to post...
Gov’t to Issue Bonds to Pay Back Loans on Iran Air ATR Planes
The government’s Economic Council last week approved a...
Iranian Ministry of Industries, Mining and Trade has released...
Iran: Summer Sees Highest Inflation on Record
The consumer price index increased from 116.2 to 134.6 or...
Iranian Private Carmaker Increases Prices 55%
Iran’s largest private automaker Modiran Vehicle Manufacturing...
Tehran Stocks Rally, Incline Toward Export Sector
Tehran Stock Exchange set a fresh record high on Monday as...
Iran Steel Exports Rise  27% to Over 4m Tons: ISPA (Mar-Aug, 2018)
A total of 4.13 million tons of finished and semi-finished...
Iranian Banks Lend $16.8 Billion in 5 Months
Banks and credit institutions allocated 2.4 quadrillion rials...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus