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BMI Absorbs Most Deposits

BMI Absorbs  Most DepositsBMI Absorbs  Most Deposits

Bank Melli Iran, the country’s biggest bank, attracted more than 22% of all the rial and foreign exchange deposits of the banking system in the first nine months of the current fiscal year to Dec. 21, placing it on top of all banks and credit institutions in this regard. Based on the data shared by the 13 member banks of the Banking Data Exchange Commission, BMI also had the highest share among four kinds of deposits –short-term, long-term, savings and current– with more than 24%, indicating a 21% rise compared with the same period of last year, the bank’s official website reported. The lender also had the same highest share by the end of the previous month on Nov. 21.

 

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Financialtribune.com