EghtesadOnline: Bank Mellat is not willing to barter its damage claims after winning a lawsuit against the UK Treasury in exchange for goods, CEO of the bank said.
EghtesadOnline: The British government has settled a 1.25 billion pound ($1.6 billion) damages claim brought by Iran’s largest private bank in an 11th-hour, out-of-court deal following a dispute over sanctions.
EghtesadOnline: The British government is locked in crunch talks in an effort to avoid a lengthy high court battle by settling a £1.25 billion legal claim by Iran’s Bank Mellat.
EghtesadOnline: To claim a share of Iran’s growing fintech market, Bank Mellat has launched an innovation center to help promote the application of smart technologies in banking.
EghtesadOnline: Iran’s banking sector is pressing ahead with overseas business despite the shadow of sanctions’ revival looming over it, after the US unilaterally withdrew from the 2015 nuclear deal early this month, Bank Mellat CEO Mohammad Bigdeli said.
EghtesadOnline: Mellat Insurance Company, affiliated with Bank Mellat, has signed a contract with Munich Re, the biggest reinsurance company in the world, based on which the German firm will cover the entire life insurance portfolio of the private Iranian insurer.
EghtesadOnline: Bank Mellat has reached an agreement with the Association of Bureaux de Change Operators of Iran, based on which authorized money exchangers will be able to enjoy several services from the lender.
EghtesadOnline: Bank Mellat has now made facial recognition available as an option for unlocking its mobile banking app to become the first bank to offer this capability in the Iranian banking system.
EghtesadOnline: Bank Mellat plans to sell 15 trillion rials ($326 million) worth of certificates of deposit during the next five trading days.
EghtesadOnline: Bank Mellat is to launch a comprehensive project with the aim of boosting digital banking across all its services, its chief executive said.