BMI Recovering Bad Loans
BMI Recovering Bad Loans

BMI Recovering Bad Loans

BMI Recovering Bad Loans

Bank Melli Iran has managed to recover more than 64 trillion rials ($1.13 billion) of its non-performing loans during 2013-16, announced the bank’s chief executive. “The notable drop in the bank’s NPL ratio is considered a great achievement for us, which has also significantly improved our balance sheets,” Mohammad Reza Hosseinzadeh was also quoted as saying by BMI’s official website.  According to Hosseinzadeh, BMI’s NPL ratio by the end of the previous Iranian year to March 20, 2017, stood at 7.8% while the average NPL ratio of major banks hovers around 8.8%. However, according to international standards, the ratio of NPLs should stand between 3% and 5%.    

Short URL : https://goo.gl/NBifNa
  1. https://goo.gl/1pNPbP
  • https://goo.gl/7hCM2s
  • https://goo.gl/cXN8eE
  • https://goo.gl/V51KH5
  • https://goo.gl/zvkg93

You can also read ...

Iran Missing Advantages of Foreign Banks’ Presence
Tehran Chamber of Commerce, Industries, Mines and Agriculture...
Oman Eyes Iran Market Amid Rising Imports
Ithraa, Oman’s inward investment and export promotion agency,...
Luxgen’s S3 is a 5-seater subcompact sedan equipped with a 1.6-liter, 116 hp gasoline engine.
Local company Arman Motor Kavir is set to unveil two imported...
Iran Exim Bank Tapping NDFI Resources
Export Development Bank of Iran–the country's exim bank–is to...
Billet and bloom shipments made up the bulk of exports, reaching 1.78 million tons, up 28% year-on-year.
Iran’s semi-finished steel exports during the first seven...
Local producers have often called  on the government to increase import tariffs on tires.
In order to “protect domestic production”, the Industries...
Transport MoU With South Korea
Iran and South Korea have signed a memorandum of understanding...
Roadmaps for SSO Recovery
The research arm of the Iranian Parliament has conducted a...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.