Merging Banks
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January 25,2021The state-owned Bank Sepah, with which five military banks merged recently, may face difficulty maintaining its balance sheet, CEO of the bank said. Discussing the "complex" merger process with... -
December 25,2020The recent bank merger of five banks and credit institutions linked to the military forces with the state-owned Bank Sepah has turned the latter into the biggest bank in Iran. The megamerger...
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December 21,2020The final phase of a bank megamerger involving five military banks and state-owned Bank Sepah was completed on Sunday, the governor of the Central Bank of Iran said. Ansar Bank, last of the five...
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December 13,2020Ghavamin Bank, affiliated to Iran's Law Enforcement Forces (LEF), has officially merged with the state-owned Bank Sepah to become the fourth bank to complete the merging process. CEO of Bank...
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November 29,2020Kosar Credit Institution officially merged with the state-owned Bank Sepah to become the third financial entity to complete the merging process. The CEO of Bank Sepah Mohammad Kazem Choqazardi...
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May 31,2020Bank Hekmat Iranian, a private lender affiliated to the Army, officially merged with the state-owned Bank Sepah following an extraordinary meeting on Saturday. "Bank Hekmat Iranian is now the...
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May 25,2020The process of merging two of five military banks and credit institutions with the state-owned Bank Sepah will be complete early next month, governor of the Central Bank of Iran said. "Bank...
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April 25,2020The process of merging five military banks and credit institutions with state-owned Bank Sepah will be complete in the current calendar month to May 20, CEO of Sepah said. The megamerger includes...
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September 13,2019The CEO of Bank Sepah -- the state-owned lender with which five military banks are merging -- says the number of branches of merged banks will be cut by 10%. Considering the number of Bank Sepah...
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September 07,2019The plan to merge five military-affiliated banks and credit institutions has entered the next phase after majority ownership of the merging entities was transferred to state-run Bank Sepah, CEO of...
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November 21,2016Central Bank of Iran needs more authority to start merging banks, said Ali Divandari, head of...
