85700
Banking Merger Imminent
Banking Merger Imminent
Thursday, May 03, 2018

Banking Merger Imminent

Thursday, May 03, 2018

Banking Merger Imminent

Reports suggest that the planned merger of two lenders, namely Mehr Eqtesad Bank and Samen Credit Institution, with Ansar Bank will take place in the coming days. According to ISNA, Samen and Mehr Eqtesad are currently branded by the Central Bank of Iran as “awaiting license”. Farshad Heydari, CBI’s deputy for supervision, had announced in March that as part of the merger initiative in the banking system, Mehr Eqtesad and Samen will be acquired by Ansar Bank. The planned consolidation would be a watershed event in reducing the influence of shadow banks and making the Iranian banking system more efficient. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/5RjTAY
05/03/2018
  1. https://goo.gl/2FiQoB
  • https://goo.gl/Lvfqqd
  • https://goo.gl/hQAL2z
  • https://goo.gl/rrBcYp
  • https://goo.gl/sL3JsK

You can also read ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
3 CBI Officials  to Leave
Following the recent passage of the law banning the employment...
CBA Concerned About Forex Outflow to Iran
The Central Bank of Afghanistan raised concerns about the...
Anzali Port to Be Connected to National Railroad
Anzali Port in the northern Gilan Province will be connected,...
Mineral Trade Surplus Hits $2.9b
Iran exported more than 25.47 million tons of mineral products...
Departure Tax Revenues  Up 117 Percent
The government earned 3 trillion rials ($24 million) from...

Add new comment

Trending

Googleplus