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Gov’t Debts to Banking System Exceed $58b

EghtesadOnline: In the month ending April 20, the government's debts to the banking system, including the Central Bank of Iran , commercial, specialized and private banks, exceeded 2.2 quadrillion rials ($58.3 billion), marking an increase of 21.3% year-on-year.
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Publish Date:30/July/2017 | 07:47

Reserve Requirements Remain Disciplinary Tool for Banks

EghtesadOnline: While some economic experts and bank managers believe that the impact of banks' reserve requirements has waned over time and its ratio should gradually reduce, the director of Central Bank of Iran 's Credit Department opposes the idea.
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Publish Date:24/July/2017 | 08:00

Central Bank of Iran Directive Makes IFRS Mandatory

EghtesadOnline: In order to protect the interests of banks and credit institutions' depositors and shareholders, and maintain the stability and health of banking system, the Central Bank of Iran has set a number of conditions vis-à-vis banks' financial statements whose fulfillment is necessary for shareholders' annual meetings to become viable.
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Publish Date:22/July/2017 | 05:05

Central Bank to Finalize Fintech Regulations

EghtesadOnline: In light of the importance of regulating fintech firms to prevent any problem in the monetary market, the Center for E-Commerce Development's deputy has announced that the Central Bank of Iran will define the framework of fintech operations by the end of summer.
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Publish Date:16/July/2017 | 06:06

CBI Issues Directives, Modifies Regulations

EghtesadOnline: As part of an overarching policy of reforming the banking sector, the Central Bank of Iran has issued two executive directives concerning capital adequacy and international conformity standards for credit institutions and formation of credit cooperatives.
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Publish Date:09/July/2017 | 08:23

Iran: Five Stages of Public Bank Data Transparency

EghtesadOnline: The Central Bank of Iran has unveiled the blueprint based on which state-owned lenders must make their financial data publicly available in line with the government's efforts to boost transparency in the financial sector.
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Publish Date:05/July/2017 | 05:41

9 Exchange-Listed Banks Drown in Sea of Red Ink

EghtesadOnline: The Iranian banking conundrum is getting more complicated every day. The Central Bank of Iran ’s officials have announced plans to merge several failing banks, causing many depositors to contemplate withdrawing their money from those lenders.
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Publish Date:04/July/2017 | 07:36

ICCIMA Underlines Central Bank Independence

EghtesadOnline: The Center for Economic Research and Studies with the Iran Chamber of Commerce, Industries, Mines and Agriculture in a comprehensive report, has explored the role of monetary policy in economic decision-making, comparing the different tools employed by central banks throughout the world and Iran's status among them.
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Publish Date:04/July/2017 | 06:13

CBI Moving to Rate Unification Conditions

EghtesadOnline: The Money and Capital Markets Commission of Iran Chamber of Commerce, Industries, Mines and Agriculture held a meeting on Saturday to weigh in on the requirements of the long-overdue plan to unify foreign exchange rates and the country's progress in achieving this goal.
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Publish Date:23/June/2017 | 16:28

Iran Private Banks, Central Bank in Interest Rate Cut Talks

EghtesadOnline: Private banks and credit institutions are in favor of lowering interest rates and they are currently holding negotiations in this regard with financial authorities, especially the Central Bank of Iran and the Money and Credit Council, the head of the Association of Private Banks said.
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Publish Date:20/June/2017 | 06:01

Iran GDP Growth 12.5%

EghtesadOnline: Iran economy grew 12.5% in March 2016-17 compared to the preceding year, according to the Central Bank of Iran 's latest report released on Sunday.
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Publish Date:19/June/2017 | 04:59

Iran: 30% Progress in Banks IFRS Adoption

EghtesadOnline: Iranian banks’ progress in adapting to their financial statements with the new model set by the Central Bank of Iran was around 20-30% during the previous Iranian year (ended March 20), said a private bank’s board member.
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Publish Date:17/June/2017 | 07:09

22 Iranian Banks Link Up With Oberbank

EghtesadOnline: Banking ties with two major Austrian banks are being established, with Iranian banks establishing 22 correspondent relations only with Oberbank, the governor of the Central Bank of Iran said.
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Publish Date:13/June/2017 | 05:59

Anticipation Grows for Iran Ahead of FATF Session

EghtesadOnline: The Financial Action Task Force–the global body that monitors money laundering worldwide–will have Iran on top of its mind when it convenes for its forthcoming plenary and working group meetings on June 18, the Central Bank of Iran 's director for international affairs announced.
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Publish Date:11/June/2017 | 06:36

Wide Support for Iran's Bank Mergers

EghtesadOnline: The possibility of mergers in the Iranian banking system accelerated with the recent announcement by the Central Bank of Iran ’s Governor Valiollah Seif that the motion could be used as a solution for low-profit banks since it helps them reduce their expenses while easing the process of standardizing their financial statements and banking operations.
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Publish Date:11/June/2017 | 07:15

CBI: Iran Financial System on Sound Footing

EghtesadOnline: Even though a handful of Iranian banks are fighting formidable challenges, including unhealthy balance sheets and thin capital cushions, they are not facing any existential threats, said a Central Bank of Iran official in response to recent claims that the financial system is nearing bankruptcy.
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Publish Date:06/June/2017 | 09:56

CBI Chief: Int’l banks cautious due to unfamiliarity with Iran’s economy

EghtesadOnline: Governor of Central bank of Iran (CBI) Valiollah Seif in a meeting with Australian Ambassador to Iran Ian Biggs in Tehran on Thursday underlined that the caution practiced by the international banks in their transactions with Iran is attributed to their lack of familiarity with Iran’s economy.
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Publish Date:03/June/2017 | 24:32

CBI: Iran Economy Grew 15.7% in Q3

EghtesadOnline: The Central Bank of Iran has published growth figures for the third quarter of the last Iranian year (September 22-December 20, 2016).
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Publish Date:29/May/2017 | 07:22

Bank Mergers Possible

EghtesadOnline: Governor of the Central Bank of Iran Valiollah Seif has confirmed the possibility of merging banks, saying it will help the financial statements of Iranian banks comply with international standards.
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Publish Date:27/May/2017 | 07:34

Banks Urged to Prioritize Bad Loan Recovery

EghtesadOnline: As the Iranian banking system continues to grapple with the growing problem of sour loans, the governor of the Central Bank of Iran has urged lenders to direct the bulk of their efforts toward recovering their non-performing loans.
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Publish Date:27/May/2017 | 05:21