Tags - Credit Institutions

Bank Loans Post 30% Growth

EghtesadOnline: Banks and credit institutions paid 6,262.7 trillion rials ($47 billion) in loans during the first nine months (March 20-Dec 21, 2019) of current fiscal year.

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Publish Date:27/January/2020 | 24:24

EghtesadOnline: Banks and credit institutions owed the Central Bank of Iran 2,085 trillion rials ($16 billion), by the end of the eighth month (November 21) of current Iranian fiscal year that ends in March.

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Publish Date:18/January/2020 | 13:14

Iranian Banks Increasing Deposits

EghtesadOnline: More than 22,630.7 trillion rials ($191 billion) in deposits were held by banks and credit institutions during the month to August 22, according to a Central Bank of Iran report.

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Publish Date:24/November/2019 | 11:09

Banks Face Limits in Boosting Capital

EghtesadOnline: Banks and credit institutions in Iran are facing a myriad of challenges including cumbersome regulations and technical issues to boost capital through revaluation of their assets, a senior banking official said.

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Publish Date:09/November/2019 | 13:18

Taxman Will Look Closer at Banking Transactions

EghtesadOnline: In a directive to banks and credit institutions, the Central Bank of Iran obliged lenders to report banking transactions of tax payers to the Iran National Tax Administration on a monthly basis.

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Publish Date:14/May/2019 | 11:47

Bonds to Be Accepted as Collateral by Iran Banks

EghtesadOnline: The Central Bank of Iran has sent a directive to banks and credit institutions obliging agent banks to accept Islamic bonds as collateral from contractors of development projects.

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Publish Date:12/January/2019 | 14:22

Iran Banks Scrap Overnight Interest Rates

EghtesadOnline: A new decision approved by the Money and Credit Council obliges banks and credit institutions to pay interest on deposits on a monthly basis, calculating the minimum balance in a month as the basis.

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Publish Date:24/December/2018 | 15:39

Iranian Banks Lend $27 Billion in 7 Months

EghtesadOnline: Iranian banks and credit institutions lent 3.58 quadrillion rials ($27.33 billion) to various sectors during the first seven months of the current fiscal that ended on October 22, the Central Bank of Iran said.

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Publish Date:24/November/2018 | 13:42

Iranian Banks Lending More to Services, Industrial Sectors

EghtesadOnline: Banks and credit institutions lent 3.03 quadrillion rials ($22.13 billion) to various sectors during the first six months of the current fiscal that ended on September 22, the Central Bank of Iran said.

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Publish Date:22/October/2018 | 09:53

Iran Parliament Sets Rules for Establishing Financial, Credit Institutions

EghtesadOnline: Those wanting to establish business in the monetary market, namely establishing credit institutions, setting up branches and offices, attracting public deposits in any form, offering payment, and any kind of activity in the payment system…must acquire permit from the Organization for Supervision Over Credit Institutions , the spokeswoman of Majlis Economic Commission said.

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Publish Date:13/October/2018 | 07:16

Iranian Banks Lend $16.8 Billion in 5 Months

EghtesdaOnline: Banks and credit institutions allocated 2.4 quadrillion rials ($16.82 billion) to various sectors during the first five months of the current fiscal that ended on August 22, the Central Bank of Iran said.

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Publish Date:25/September/2018 | 06:08

Bank Branches in Iran Double Mena’s Average

EghtesadOnline: A new report by Tehran Chamber of Commerce, Industries, Mines and Agriculture highlights the fact that Iran’s banks and credit institutions have too many branches compared to both international and regional counterparts.

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Publish Date:04/August/2018 | 04:24

$1.13b in Loans for Knowledge-Based Firms

EghtesadOnline: Iran’s banks and credit institutions allocated a total of 50 trillion rials ($1.13 billion) to knowledge-based firms in a little more than one year, the Central Bank of Iran announced.

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Publish Date:31/July/2018 | 04:59

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

Iranian Banks Downsizing Branches

EghtesadOnline: Iran’s banks and credit institutions have continued the process of reducing their local branches in the past three months, according to latest numbers disclosed by the Central Bank of Iran, although the overall decrease is not significant.

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Publish Date:21/July/2018 | 06:30

Bank Loans Reach $145b in Fiscal 2017-18

EghtesadOnline: Iran’s economic sectors received a total of more than 9.35 million counts of loans valued at 6.13 quadrillion rials ($145.95 billion) from banks and credit institutions during the previous fiscal year that ended on March 20.

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Publish Date:30/April/2018 | 11:34

Draft Rules for Entry of Int'l Credit Institutions in Iran FTZs

EghtesadOnline: The High Council of Free Trade Zones has announced that a draft version of regulations for the operation of international financial institutions (IFIs) in the zones has been devised and is pending the Cabinet's approval.

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Publish Date:14/January/2018 | 09:39

CBI’s New Bid to Dismantle Unlicensed Credit Institutions

EghtesadOnline: The Central Bank of Iran is pushing forward with the initiative to regulate non-bank institutions via a four-point master plan, says the director of the office for supervising non-bank institutions.

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Publish Date:02/October/2016 | 22:31

Banks Are Obliged to Give $4.9b in Mandatory Loans

EghtesadOnline: Banks and credit institutions are mandated to allocate up to 2,000 trillion rials ($4.92 billion) in interest-free lending for government programs including loans to newlyweds, for childbirth and to support needy families.

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Publish Date:18/January/2023 | 20:49

In 5 Months Banks Lend $18 Billion

EghtesadOnline: Banks and credit institutions paid 5,060.8 trillion rials ($18 billion) in loans to businesses in the first five months of the current fiscal year (March 20-August 21).

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Publish Date:29/September/2020 | 14:22