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EghtesadOnline: Bank Melli Iran has shifted its corporate social responsibility activities to cover the medical expenses of needy patients, BMI's CEO has announced.

In a report published on the bank's website, Hosseinzadeh noted that BMI's Board of Directors has allocated more than 62 billion rials ($1.7million) to 30 charitable causes, including for repairing infant care centers, financial assistance for cancer charities, donating ambulances and constructing schools and clinics for underdeveloped areas across the country."There was a time when there was a shortage of schools. Thus, as a pioneer, BMI started building them," he said.Hosseinzadeh referred to his recent heart-wrenching experience at seeing a child suffering from cancer and the insufficiency of medical facilities, especially in underdeveloped areas as the reason for BMI's policy shift. BMI has also paid 10 billion rials ($270,000) on the occasion of the holy month of Ramadan (started May 27) for seeking the release of prisoners convicted of unintentional crimes, Financial Tribune reported.

Bank Melli Iran Iran Social Responsibility Iran Medical Expenses