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CBI: Shadow Banks on the Way Out

EghtesadOnline: Illegal credit institutions that mushroomed during the tenure of the former administration and whose malevolent effects continue to dog the country’s financial system are on their way out, the governor of the Central Bank of Iran announced.
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Publish Date:06/August/2017 | 14:54

Tehran, Beijing to Expand Banking Relations

EghtesadOnline: In view of the scale of Chinese finance coming from Iran, China’s Ambassador to Iran Pang Sen and Governor of the Central Bank of Iran Valiollah Seif in a meeting on Wednesday emphasized the importance of improving correspondent relations between Iranian and Chinese banks.
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Publish Date:06/August/2017 | 14:11

CBI Updates Banks’ Foreign Exchange Rules

EghtesadOnline: In its latest directive, the Central Bank of Iran has raised the limit on the maximum amount to which the ratio of debts and assets held in foreign currencies by all banks and certified non-bank credit institutions can rise.
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Publish Date:06/August/2017 | 13:34

CBI Notifies Key Job Creation Directive

EghtesadOnline: The Central Bank of Iran has notified an executive directive to seven banks for allocating a major portion of their annual budgets for creating sustainable jobs through loans and incentives.
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Publish Date:31/July/2017 | 24:08

Central Bank: PPI Inflation at 7%

EghtesadOnline: The average Producer Price Index in the 12 months ending July 22, which marks the end of the Iranian month of Tir, increased by 7% compared with last year’s corresponding period, the latest report by the Central Bank of Iran shows.
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Publish Date:30/July/2017 | 08:28

$12 Billion in Foreign Finance on the Way

EghtesadOnline: Iran will sign new finance contracts worth $12 billion with three Asian and European banks within a month, deputy governor for foreign exchange affairs at the Central Bank of Iran announced.
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Publish Date:29/July/2017 | 11:47

Surge in Private Banks’ Arrears to CBI Halted

EghtesadOnline: The total arrears of 27 Iranian private banks and non-bank credit institutions to the Central Bank of Iran up to April 20 stood at 347.8 trillion rials ($9.2 billion), marking a drop of 9% compared to its previous month.
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Publish Date:29/July/2017 | 08:50

Currency Change Requires Majlis OK

EghtesadOnline: The Central Bank of Iran on Tuesday announced that the government’s proposal for changing the currency unit needs to be passed by the parliament.
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Publish Date:26/July/2017 | 09:33

Effective Reserve Requirement at 2.1%

EghtesadOnline: While the average ratio of compliant banks' reserve requirements stood at 10.3% for the previous Iranian year to March 20, 2017, the more important figure is lenders' effective reserve requirement that did not exceed 2.1% during the same period, the head of Central Bank of Iran 's Economic Office said.
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Publish Date:25/July/2017 | 08:33

No Obstacle to AGMs of IFRS-Compatible Banks

EghtesadOnline: The latest directive issued by the Central Bank of Iran obligating the conformity of banks to the International Financial Reporting Standards will not hinder lenders from holding annual general meetings and does not comprise meddling in the work of auditors, CBI's deputy for supervision said.
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Publish Date:23/July/2017 | 09:37

CBI Favors IT Level Playing Field

EghtesadOnline: The Central Bank of Iran is ready to provide a competitive environment when it comes to banks’ information technology, CBI’s governor announced at the inauguration ceremony for CBI’s newly-appointed deputy for IT Department on Tuesday.
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Publish Date:23/July/2017 | 09:24

More Marriage Loans on the Way

EghtesadOnline: The Central Bank of Iran is set to meet the immediate demand for 550,000 marriage loans, CBI’s deputy for credit affairs announced.
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Publish Date:19/July/2017 | 09:03

NPL Penalty Waiver Enters 3rd Phase

EghtesadOnline: The next phase of waiving late payment penalties for non-performing loans has begun at the Central Bank of Iran , prioritizing loans under 400 million rials ($10,600).
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Publish Date:19/July/2017 | 09:01

Factors Behind Woes of Private Lenders Reviewed

EghtesadOnline: The Association of Private Banks and Credit Institutions has surveyed factors behind a radical surge in the debts of private lenders to the Central Bank of Iran as a result of overdrafts, revealing that some major lenders are partly to blame.
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Publish Date:19/July/2017 | 09:00

High Overdraft Fees Paying Off

EghtesadOnline: As the Central Bank of Iran has beefed up its regulatory watch over monetary and banking operations, its efforts to curb bank overdrafts, especially in the quarter to March 20, 2017, have borne fruit, CBI’s deputy for credit affairs announced.
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Publish Date:18/July/2017 | 09:10

Tehran Hosts 1st Banking Meeting With Hanoi

EghtesadOnline: Central Bank of Iran ’s Governor Valiollah Seif met with Deputy Governor of the State Bank of Vietnam Nguyen Thi Hong on Sunday in Tehran, during which he called for establishing strong banking links between the two countries.
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Publish Date:17/July/2017 | 07:43

Cabinet Reviews CBI Report on Shadow Banks

EghtesadOnline: In its latest meeting on Wednesday, the Cabinet led by President Hassan Rouhani reviewed a report provided by the Central Bank of Iran on the situation of illegal credit institutions.
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Publish Date:15/July/2017 | 11:40

Last Year’s Budget Deficit Tops $7b

EghtesadOnline: Iran’s budget deficit stood at 288.5 trillion rials ($7.62 billion) in the last fiscal year (March 2016-17), indicating a 50.8% rise compared with the year before, the Central Bank of Iran announced.
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Publish Date:12/July/2017 | 08:19

Majlis Discusses Shadow Banks

EghtesadOnline: Lawmakers on Tuesday had a closed-door meeting with the Governor of Central Bank of Iran Valiollah Seif, as the regulator’s actions had become a talking point in the controversy surrounding unlicensed credit and financial institutions.
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Publish Date:12/July/2017 | 07:51

Bank Rating System Still Under Review

EghtesadOnline: The plan to rank Iranian banks on the basis of a new rating system is still under review and will be executed when conditions are agreeable, the director general for supervision over banks and credit institutions at the Central Bank of Iran said.
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Publish Date:11/July/2017 | 07:29