Bank Sepah To Take Over Iranian Security-Related Banks

Posted on 03/05/2019


Prodded by Iranian President Hassan Rouhani, Iran state-run Bank Sepah will takeover five bank lenders that have ties to Iran’s security forces. Bank Sepah is taking over Ansar Bank, Ghavamin Bank, Bank Hekmat Iranian, Bank Mehr Eqtesad, and the Kowsar financial credit institution (Kowsar Credit Institute). By bringing assets under Bank Sepah, it will reduce […]