Financial Tribune - 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 Bank Sepah branches after the merger, Mohammad Kazem Choqazardi referred to programs to optimize the banks performance by downsizing. The move ...

Financial Tribune- Bank Sepah has pledged to allocate some $37 million from the resources of the National Development Fund of Iran under its authority to environmental schemes in the form of low-interest loans. According to Mohammad Kazem Choqazardi, CEO of the Bank Sepah, the amount will be paid as working capital to private and cooperative companies ...