Press TV - Nearly $1.4 billion in assets owned by 18 Iranian banks are being sold as the banking system in the country goes through a massive restructuring program meant to make it more efficient. The official IRNA agency said in a Monday report that nearly $600 million of assets of the banks had already been sold as part of a large scheme to dispose ...

IFP- Following a national currency swap deal that was recently implemented, Iran and Turkey are now pursuing the integration of bank cards in a move aimed at helping the massive flow of tourists traveling between the two nations. This was announced during a meeting on Saturday between high-level representatives of Bank Melli Iran and Turkeys ...

Financial Tribune- Top representatives of Bank Melli Iran, the countrys biggest bank, and Spains Aresbank met on Tuesday to prepare the ground for expanding ties in the near future. The requirements for allocating short- and long-term facilities have been determined and Aresbank is ready to discuss this, Luis Casado, general manager of the Spanish ...

Financial Tribune- More than 9,500 gold coins were sold in the first week of auctions held at Bank Melli Iran-affiliate Bank Kargoshaee, the head of the affiliate said. "During the past week, three auctions were held and a total of 4,910 Bahar Azadi gold coins and 4,640 Half Azadi coins were sold in 219 transactions," Masoud Soleimani also told ...

Financial Tribune - Bank Melli Iran and the Ministry of Science, Research and Technology have signed an agreement to enhance bilateral cooperation. Bank Melli belongs to all Iranian citizens and so, in collaboration with Science Ministry, the bank does not seek to make profits, but wishes to support the academic community, the banks CEO, Mohammad ...

Financial Tribune - Bank Melli Iran, the country's largest commercial lender, is set to establish a company tasked with recovering its non-performing loans, announced a member of the state-owned bank's board of directors. The debt collection agency will be formed to settle the loans and "reduce them as much as possible", Barat Karimi was also quoted ...

IRNA Vice Governor of Bank Meli Iran for Foreign Exchange Affairs emphasized the fact that Iranian banks are reinforcing international ties in the post-sanctions era, adding that technical, trade and political obstacles still exist. Gholamreza Panahi told IRNA on Saturday that many Iranian banks have resumed brokerage ties with foreign banks and ...

MNA A Bank Melli Iran (BMI) official said Melli Bank PLC, a BMI subsidiary, has been connected to the real-time gross settlement (RTGS) system for the Eurozone dubbed TARGET2. Gholamreza Panahi, Member of the Board of Directors of Bank Melli Iran, said the connection enables speedy and final settlement of national and cross-border payments in ...

The campaign of Democratic nominee Hillary Clinton has censured GOP candidate Donald Trump over a report that claims heallegedlyrented some New York office space to an Iranian bank, Bank Melli, in New York. Her campaign reacted after the allegations were made in a Monday report by the International Consortium of Investigative Journalists (ICIJ)....

Tehran, June 28, IRNA - Deputy governor for currency affairs at the Bank Melli of Iran (BMI) announced that sanctions on BMI Hong Kong Branch have been lifted since June 24 and the branch will soon resume its activities there. Hong Kong Monetary Authority lifted restrictions on BMI in Honk Kong, Gholam Reza Panahi made the announcement here Tuesday....

Due to the lifting of international sanctions against Tehran, the country's largest national bank, Bank Melli Iran, is eager to start working with major Russian banks again soon, according to the chief of its Russian branch. MOSCOW (Sputnik) Bank Melli Iran (BMI), the Islamic Republics national bank which is the largest inthe Middle East, hopes ...

Tehran, Feb 16, IRNA Public Relations Department of Bank Melli Iran in a statement released on Tuesday, declared that the bank has re-connected to Society for Worldwide Interbank Financial Telecommunication (SWIFT) officially. Valiollah Seif, the governor of the Central Bank of Iran (CBI), has been quoted by the media as saying on Sunday that nine ...

Gholam-Reza Panahi, the deputy governor for currency affairs at the Bank Melli of Iran (BMI), said that the bank is ready to receive foreign exchange transfers from Iranian expatriates through its foreign branches or subsidiaries.   It will also be able to provide services including: the opening of foreign currency accounts at the request ...

TEHRAN (FNA)- Managing Director of Bank Melli Iran Abdolnaser Hemmati announced on Sunday that the state-owned bank seeks to overturn the given verdict by a court of appeals in the US on its frozen assets in two American institutes. Hemmati said Bank Melli Iran used to cooperate with American Master and Visa Card institutes and had up to $15 million ...

A senior Iranian banking official says the representatives from a European bank will travel to Tehran next week to hold preliminary talks over restoration of financial transactions with Iranian banks. Gholam Reza Panahi, deputy head of Bank Melli Iran for International and Foreign Affairs said Iranian banks are ready to start cooperation with their ...

TEHRAN (Tasnim) Irans Ambassador to Russia Mehdi Sanaei said on Tuesday that the exchange of currency between Tehran and Moscow is now possible thanks to the cooperation of two banks. With a partnership between (Iran-based) Bank Melli Currency Exchange and (Russia-based) Mir Business Bank, currency exchange between Iran and Russia has been resumed,...

A special group of police officers will be assembled and sent to Canada for searching and arresting the former head of Bank Melli Iran, Mahmoud Reza Khavari, deputy chief of Iranian police, Ahmadreza Radan said, newspaper "Iran" reported on Jan. 6. "Iranian police asked the Canadian police to arrest Khavari as soon as he's spotted, and return him ...

DUBAI, United Arab Emirates After suffering steep declines in trade starting in 2012, seaborne transfer of goods between Iran and Dubai is picking up again, highlighting the U.A.E.s delicate balancing act in maintaining important commercial ties and satisfying its Western allies. A combination of economic factors in Iran attributed to tough international ...

NEW YORK (AP) -- An office tower is subject to forfeiture because revenue from it was secretly funneled to a state-owned Iranian bank in violation of a U.S. trade embargo, a judge ruled Monday. U.S. District Judge Katherine Forrest made the forfeiture finding in Manhattan, ruling in a case brought by the U.S. government in 2008. The U.S. government ...