Merging Banks

The state-owned Bank Sepah, with which five military banks merged recently, may face difficulty maintaining its balance sheet, CEO of the bank said. 

The 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 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…

Ghavamin 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…

Kosar 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…

Bank 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…

The 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. 

The 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…

The 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…

The 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…

Central Bank of Iran needs more authority to start merging banks, said Ali Divandari, head of the Monetary and Banking Institute.