tag banking system

Tehran Keeps on Borrowing

EghtesadOnline: Central bank data says total lending by the banking system reached 13.23 quadrillion rials ($89.4 billion) during the 12 months to July 22.The figure was 29% higher year on year.
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Publish Date:31/October/2018 | 09:07

Iran Chamber of Commerce Demands Responsive and Responsible Banking Sector

EghtesadOnline: The head of Iran Chamber of Commerce, Industries, Mines and Agriculture called on the government and the Central Bank of Iran to improve oversight of the cumbersome banking system and move it toward the "productive" sectors of the economy.
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Publish Date:22/October/2018 | 09:55

Bank Debts Behind Monetary Base Growth

EghtesadOnline: A review of official data published in Central Bank of Iran’s reports by Tehran Chamber of Commerce, Industries, Mines and Agriculture shows that rising liabilities of the banking system to the central bank has been the main reason behind a surging monetary base.
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Publish Date:10/September/2018 | 05:54

New CBI Governor Discusses Coordination With Bank CEOs

EghtesadOnline: Newly-appointed governor of the Central Bank of Iran, Abdolnasser Hemmati, met with the chief executives of banks and credit institutions to review challenges facing the banking system and carve out an actionable roadmap.
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Publish Date:30/July/2018 | 05:58

Challenges Ahead for Banking System

EghtesadOnline: The chief executive of Bank Refah said limited overseas operations and rising inflation driven mainly by the recent currency crisis will pose major challenges to the banking sector in the coming months.
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Publish Date:18/July/2018 | 05:11

CBI Cancels USSD Payment Fees

EghtesadOnline: The Central Bank of Iran has sent a directive to the banking system announcing that fees levied on payments made through mobile phones have been eliminated, in what can be interpreted as a blow to mobile operators.
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Publish Date:14/July/2018 | 06:09

Iran Parliament Promises Bank Reform by Yearend

EghtesadOnline: The Majlis Economic Commission has put in motion three plans to improve the country’s economic conditions, all of which concern the ailing banking system and will materialize in a matter of months, the head of the commission said.
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Publish Date:01/July/2018 | 07:01

Expert Explores Roots of Financial Imbalance in Iran’s Banking System

EghtesadOnline: The government’s debts to the banking system currently accounts for 10% of the money supply and the banks’ debts to the Central Bank of Iran constitute 22% of the monetary base. Without doubt, budget deficit is the source of this huge debt.
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Publish Date:14/February/2023 | 21:20

Iran's Banking Reforms Making Slow But Steady Progress

EghtesadOnline: Governor of Central Bank of Iran says the bank has been working hard to reform the banking system long grappling with mismanagement and financial indiscipline.
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Publish Date:01/September/2019 | 09:30

Iran Majlis to Vote on Banking Reform Bills

EghtesadOnline: The Majlis speaker says reforms to the central bank law proposed by the government to overhaul the dysfunctional banking system has been reviewed in the relevant committees and is awaiting a final vote in the chamber.
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Publish Date:04/December/2018 | 11:01

Iranian Bank Debts to CBI Rising at Alarming Rate

EghtesadOnline: Debts of banks to the Central Bank of Iran have been rising at an alarming rate in recent years and the issue has become a major challenge for the banking system because the unpaid debts are a major factor behind the bulging liquidity and the galloping inflation.
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Publish Date:20/October/2018 | 09:24

Iran's Reform Bill Targets CBI, Banking Sector

EghtesadOnline: A major part of the Comprehensive Banking Law targeting the struggling banking system and problems of the central bank has been approved, the head of the Monetary and Banking Committee of Majlis Economic Affairs Commission Mohammad Hossein Hosseinzadeh Bahraini told state TV.
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Publish Date:10/October/2018 | 05:51

Trump Tactic to Sanction Swift May Not Work

EghtesadOnline: The Trump administration abandoned the Iran nuclear deal this year and is reimposing sanctions. The sanctions leave western companies and banks with a stark choice. If they do business with Iran, they lose access to the American market and financial system. Not surprisingly, businesses and banks have been cutting ties with Iran or shelving plans to invest there. But one important financial link to the country remains: the financial messaging service that plays a crucial role in moving money around the international banking system .
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Publish Date:15/October/2018 | 05:59

Iran Banking Reform Bills in MPs’ Crosshairs

EghtesadOnline: Members of the Iranian Parliament’s economic commission on Saturday continued reviewing articles of long-awaited reform bills targeting the country’s ailing banking system in addition to its central bank.
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Publish Date:10/September/2018 | 05:36

Central Bank of Iran Sets Forex Deposit Terms

EghtesadOnline: The Central Bank of Iran on Saturday notified a directive to the banking system , which sets foreign currency deposit interest rates and doubles down on the previous promise of guaranteed returns.
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Publish Date:26/August/2018 | 05:20

Iranian Lawmakers Conclude Review of Central Bank Bill

EghtesadOnline: Members of the economic commission of Iran’s Parliament on Tuesday concluded the review of reform measures concerning the Central Bank of Iran, which is part of wider reforms aimed at overhauling the country’s ailing banking system .
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Publish Date:12/September/2018 | 06:02