57242
Bank Sepah’s Forex Operations Up 31%
Bank Sepah’s Forex Operations Up 31%
  1. Economy
  2. Business And Markets

Bank Sepah’s Forex Operations Up 31%

  1. Economy
  2. Business And Markets

Bank Sepah’s Forex Operations Up 31%

The total value of forex operations conducted by Bank Sepah stood at $3.714 billion during the 10 months to January 3, marking a 31% growth compared with the previous year’s $2.828 billion. Mostafa Partoafkanan, a board member of the bank, announced that Sepah has issued $1.837 billion worth of L/Cs in this period. “Our bank has also issued $1.28 billion worth of payment orders during the past 10 months,” Sepah’s website quoted him as saying. Partoafkanan also referred to Central Bank of Iran’s June decree, which allowed bankers to start dealing in foreign exchange at the market rate, saying that it has had a considerable effect on Sepah’s performance. Back in July, the banking system got the thumps-up from CBI to trade in foreign currencies at the open market rate.

 

Short URL : https://goo.gl/jTPRLW
  1. https://goo.gl/d3FtS9
  • https://goo.gl/ZSStNw
  • https://goo.gl/KdTtje
  • https://goo.gl/M7cZei
  • https://goo.gl/e3X6G5

You can also read ...

Isfahan International Airport, in the central metropolis of Isfahan, is a popular destination among domestic and international travelers.
French construction company Vinci SA has signed a contract with...
Foreign Minister Mohammad Javad Zarif, says legally speaking, Iran has returned to the pre-sanctions era.
As Iran reaps the benefits of sanctions removal and...
Renault Iran Sales Up 161% in Q1
French automaker Renault has registered a rather unprecedented...
Startups Account for 0.8% of  Iran’s GDP
Startups account for 0.8% of Iran’s gross domestic product, the...
KSCO is set to become Iran’s first producer of iron ore pellet with the complete steel production chain at its disposal in one province.
Khorasan Steel Complex’s newly-launched steel plant, with a...
Volkswagen Bemused by Iran Third Party Quotes
Following a denial by a senior Khodro Sazi Sina executive that...
Chabahar will allow India to circumvent Pakistan and access Afghanistan and Central Asia directly via sea.
India’s presence in the strategically located Iranian port of...
PSA Group sales rebound with the introduction of Iran in the sales stream.
French automaker PSA Group in a press release said that the...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus