EghtesadOnline: During the latest auction held last week as part of the overall plan of shedding excess assets of Iranian banks mostly held in the real-estate sector, 20 properties belonging to Bank Sepah were sold, the head of the Company for Selling Banks’ Excess Assets aka Fam said.
EghtesadOnline: With the aim of promoting job creation, Bank Sepah, a major state-owned lender, has allocated 25 trillion rials ($632.9 million) to be granted as loans to projects selected by provincial task groups, announced the bank’s chief executive.
EghtesadOnline: Bank Sepah, a major Iranian commercial bank, plans to open branches in China, South Korea and Iraq in the near future.
EghtesadOnline: Bank Sepah allocated $11.17 billion from the National Development Fund of Iran's foreign exchange resources to bankroll major national projects in the last Iranian year (ended March 20, 2017).
EghtesadOnline: Bank Sepah is ready to review foreign investment projects in Iran and guarantee them, a board member of the state-run bank announced.
EghtesadOnline: Bank Sepah plans to establish branches in China and South Korea since Iran’s trade value is considerably high with these two countries, said an official with Bank Sepah, adding that they already have active branches in Rome, London and Paris.
EghtesadOnline: Bank Sepah international London-based branch alongside the other European branches have started to render banking services in the international scene, especially to the Iranian companies and projects after the implementation of the Joint Comprehensive Plan of Action (JCPOA).
EghtesadOnline: Iranian and Iraqi officials in Tehran discussed further expansion of bilateral banking ties.
EghtesadOnline: The total value of forex operations conducted by Bank Sepah stood at $3.714 billion during the 10 months to January 3, marking a 31% growth compared with the previous year’s $2.828 billion.
EghtesadOnline: Bank Sepah plans to open branches in China and South Korea, a board member of the bank said.