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Rules Easing Bank Debtors’ Travel Welcome

EghtesadOnline: A member of Tehran Chamber of Commerce, Industries, Mines and Agriculture has welcomed the rules easing travel for bank debtors, noting that executive bodies should understand the fact that the economy experienced a challenging period that damaged small business owners.
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Publish Date:01/February/2017 | 15:12

CBI Oversight Plan Closer to Implementation

EghtesadOnline: The main component of the Central Bank of Iran ’s grand plan to overhaul its financial oversight regime has been presented to the Money and Credit Council for final approval, an advisor to the central bank governor said.
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Publish Date:01/February/2017 | 15:11

New Rules on Bank Debtors’ Travel Ban

EghtesadOnline: The governor of the Central Bank of Iran has sent a letter to CEOs of all state-owned and private banks, notifying them of new regulations concerning foreign travel ban on bank debtors.
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Publish Date:31/January/2017 | 13:42

New Deadline for Regulating Bureaux de Change

EghtesadOnline: The Central Bank of Iran is required to take measures for regulating the operation of bureaux de change operators by the end of the current Iranian year on March 20, said First Vice President Es’haq Jahangiri.
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Publish Date:23/January/2017 | 14:03

Call for Promoting Competitive Banking

EghtesadOnline: The governor of the Central Bank of Iran has called for promoting competition in the banking system, cautioning that unhealthy rivalry can lead to unsatisfactory repercussions.
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Publish Date:22/January/2017 | 13:12

CBI to Control Civil Service Pay

EghtesadOnline: The Central Bank of Iran will be in charge of paying the salary of civil servants from the start of the next Iranian year (starting March 21, 2017).
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Publish Date:21/January/2017 | 14:05

CBI Outlines Financial Achievement Post Sanctions

EghtesadOnline: The Central Bank of Iran has published a report detailing the achievements of the country’s nuclear accord with world powers in the banking and monetary sectors, as the country marks the first anniversary of the implementation of the landmark deal.
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Publish Date:20/January/2017 | 20:05

Status of JVs Enhanced

EghtesadOnline: The Central Bank of Iran requires banks to consider Iranian companies’ joint ventures with foreigners as a single entity.
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Publish Date:20/January/2017 | 20:02

CBI Eases Leasing Regulations

EghtesadOnline: The Central Bank of Iran announced on Tuesday that it has revised regulations regarding the operation of leasing companies, allowing lenders to offer their services at approximately 3% higher interest rate than those offered by the banking sector.
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Publish Date:18/January/2017 | 05:49

Private Banks Lending Up 20%

EghtesadOnline: The Central Bank of Iran ’s monthly stats show the banking system’s total lending stood at 8.48 quadrillion rials ($215.5 billion at the market exchange rate) by November 20, with private banks and credit institutions accounting for 5.24 quadrillion rials ($133.3 billion) of the total.
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Publish Date:15/January/2017 | 18:56

Parliament Wants Better Interactions With CBI

EghtesadOnline: The first deputy speaker of the Majlis called for better and more developed interactions between the parliament and the Central Bank of Iran , considering the importance of the bank’s operations for policymakers.
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Publish Date:12/January/2017 | 14:45

54 Projects for Payment Industry Overhaul

EghtesadOnline: The Central Bank of Iran has devised 54 projects and platforms as part of its 2021 Roadmap that outlines an innovative, flexible and strong future for the banking system, announced the bank’s deputy for innovative technologies.
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Publish Date:12/January/2017 | 14:43

200 Credit Cooperatives Licensed by CBI

EghtesadOnline: The Central Bank of Iran has issued licenses for 200 credit cooperatives since the beginning of the current Iranian year (started March 20, 2016), CBI’s deputy for supervisory affairs announced on Wednesday.
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Publish Date:12/January/2017 | 14:34

Interest-Free Loans to Help Create Jobs

EghtesadOnline: The Central Bank of Iran is obligated to allocate interest-free loans to socially vulnerable people covered by two main charity organizations, announced the head of Majlis Joint Committee for the sixth five-year development plan (2016-21).
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Publish Date:09/January/2017 | 15:04

NPL Ratio Falls to 11% in H1

EghtesadOnline: The Iranian banking sector’s ratio of non-performing loans stood at 11% by September 20, down from 13.6% in September 20, 2014, the Central Bank of Iran ’s governor announced.
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Publish Date:09/January/2017 | 15:01

Nourbakhsh Banking Innovation Awards Presented

EghtesadOnline: Winners of the Nourbakhsh Banking Innovation Awards were announced during the closing ceremony of the Sixth Conference on E-Banking and Payment Systems in Tehran on Tuesday.
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Publish Date:05/January/2017 | 05:57

CBI Tightens Scrutiny of Forex Trading

EghtesadOnline: The Central Bank of Iran has announced that it will hand a list of people who traded large amounts of foreign exchange in recent weeks to Iran National Tax Administration for further investigation.
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Publish Date:31/December/2016 | 14:48

Optimism Over Banks’ Forex Trading

EghtesadOnline: A private-sector representative has welcomed the Central Bank of Iran ’s recent decision to allow banks to handle foreign exchange transactions at a free-market rate by calling it a “good opportunity”.
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Publish Date:30/December/2016 | 10:02

Winter of Discontent: Iranian Banks and the Need for Reform

EghtesadOnline: The brouhaha surrounding the condition of Iranian banks is valid, as the crisis has been brewing for a long time. Oddly, what has now unfolded due to years of regulatory neglect and mismanagement by lenders has been blamed on an overhaul of the banks’ financial statements ordered by the Central Bank of Iran .
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Publish Date:27/December/2016 | 10:51

Regulatory Rebuke for 10 Iranian Banks

EghtesadOnline: The Central Bank of Iran has issued formal warnings to 10 banks for violating interest rates set by the Money and Credit Council, the bank’s deputy for supervisory affairs announced.
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Publish Date:25/December/2016 | 18:13