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Bank Melli Iran's Big Step towards Exiting from Business Activities

December 27, 2023 - 19:14

Bank Melli Iran is ready to transfer and sell 49 companies and subsidiaries under its control, in light of fulfilling the Supreme Leader's agendas and the honorable government's policies regarding banks exiting from business activities.

According to BMI public relations, these sales and transfers have taken place based upon the emphasis of the Supreme Leader and also the government on the issue of resistance economy, aiming to create new investment opportunities to build new enterprises and support domestic production, and improve the financial system of the country and with this action, BMI has taken a big step towards reducing the business activities.

The most important enterprises on the BMI's list and ready to transfer are included: National Development Investment Group (vbank), Ayandeh PC, National Iranian Steel Company, Mazandaran Wood & Paper Industries ( MWPI), Iran Trans Co, Barez Industrial Group, Shazand Petrochemical Company, Behshahr Industries Development Corp, Margarine, Grand Maghsoud Group, and Paxan Co.

BMI has a serious agenda to sell and transfer shares of its subsidiaries and surplus properties.

It is to be said that since the beginning of the thirteenth government, the process of transferring and assigning surplus properties of BMI has been accelerated, and now we see a significant part of these surplus assets of this bank has been transferred.

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