69513
BMI Developing Loan Tracking Software
BMI Developing Loan Tracking Software

BMI Developing Loan Tracking Software

BMI Developing Loan Tracking Software

Bank Melli Iran, the nation’s biggest lender, is developing a new software that tracks the process of loan allocation for different projects.  According to a research conducted by the lender, one of the most important reasons behind incomplete projects and the rise in non-performing loans is lack of a proper monitoring system to track the way the credits are being spent, the official website of the bank reported.  The first-of-its-kind software will be able to determine the exact cost of a project based on the initial projections made by loan experts.  The software will be able to detect whether an entity is paying its share in an ongoing project to prevent a premature lending by the bank. BMI had announced that by the end of the previous fiscal year (March 20, 2017), its ratio of bad loans reached 7.8%, with the bank’s CEO, Mohammad Reza Hosseinzadeh, saying that the lender has devised a roadmap to further reduce the ratio to 5% in the next two years.

 

Short URL : https://goo.gl/Zrrn3Z
  1. https://goo.gl/H2aGH9
  • https://goo.gl/ncNTRk
  • https://goo.gl/SCPsZM
  • https://goo.gl/pnC3r7
  • https://goo.gl/ZfWrqU

You can also read ...

Forex Rates Jump After Gov’t Stops Cheap Currency Allocation
Foreign exchange rates in the unofficial market registered...
Int’l Airlines’ Presence in Iran Boosted After JCPOA
A total of 51 foreign airlines are now operating in Iran, up...
Facebook Lures Google Engineer to Head Its Own Chip Development
Facebook Inc. has sent another signal that it is serious about...
US Confiscates 500 Iranian Bitcoins
The US federal government confiscated at least 500 Bitcoins...
Export Billet Prices Increase on Reduced Availability
Iranian export billet prices increased by $5-10 per ton over...
New MacBook Features Dust-Repelling Keyboard
Apple’s new MacBook Pro keyboards are slightly quieter than...
Platform to Promote FATA-IFA Interactions
A new platform has been launched to facilitate interactions...
Tehran to Host Startup Week
Attended by fintechs and startups, Tehran is to host a week-...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus