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IME Willing to Help Banks Cede Non-Financial Assets

EghtesadOnline: The managing director of Iran Mercantile Exchange in a letter to banks announced that the IME is willing and able to help them divest their non-financial assets.
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Publish Date:08/August/2021 | 18:07

Banks Will Raise Credit Card Ceiling

EghtesadOnline: The Central Bank of Iran on Sunday increased the credit card limit by four times allowing banks to offer up to 2 billion rials ($8,000) in credit.
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Publish Date:02/August/2021 | 14:03

Banks Need to Shift Focus on High-Tech

EghtesadOnline: A recent study estimates that information technology investment barely accounts for 1.73% of Iranian banks' annual spending. This is while a sharper focus on the key sector can and will boost profitability of lenders.
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Publish Date:05/July/2021 | 24:51

Ten Banks Operate 78% of ATMs

EghtesadOnline: Ten big banks operated more than 47,000 automated teller machines (ATMs) in Iran by April 21, accounting for 78% of the total.
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Publish Date:27/June/2021 | 24:51

New Rules Tighten Oversight of Banks ’ Lending Procedures

EghtesadOnlne: The Central Bank of Iran Tuesday unveiled the ‘Centralized Database for Loans and Commitments’ known by its Persian acronym Samat, planned to enhance the CBI’s oversight of loans by banks.
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Publish Date:19/May/2021 | 11:49

Banks Told to Block Transactions of Flawed IDs

EghtesadOnline: The Central Bank of Iran announced that as of April 26, the PAYA network, an electronic clearing house, has stopped processing transactions lacking full ID of bank customers.
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Publish Date:28/April/2021 | 24:50

Interest Rates, Bourse and a Caveat

EghtesadOnline: The Economy Minister Farahad Dejpasand in a letter to banks and credit institutions asked them to comply with interest rates announced by the Money and Credit Council, the top banking and monetary policymaker.
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Publish Date:12/April/2021 | 18:12

Banks Ramp Up Lending

EghtesadOnline: Banks and credit institutions paid 13,959.9 trillion rials ($55.8 billion) in loans to businesses in ten months since the beginning of current fiscal year that ends on March 20.
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Publish Date:06/March/2021 | 24:45

Majlis Allows Banks to Invest $3b in Megaprojects

EghtesadOnline: The specialized and commercial Iranian banks were allowed by Majlis to extend financial facilities worth a maximum $3 billion to finance development plans and key infrastructures.
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Publish Date:02/March/2021 | 20:06

Role of Banks in Weekly Bond Sale Diminishes

EghtesadOnline: Results of the recent bond auction held by the Central Bank of Iran indicate the declining share of banks and credit institutions in bond sale while stock market investors and security underwriters contributed more.
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Publish Date:20/February/2021 | 15:57

Assets on Divestiture List of Banks Valued at $3.6 Billion

EghtesadOnline: New estimations indicate banks and credit institutions affiliated to the government own non-banking assets worth 900 trillion rials ($3.6 billion), the deputy economy minister for banking, insurance and state-owned companies said.
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Publish Date:14/February/2021 | 13:41

Banks Obliged to Increase Lending to Housing Sector

EghtesadOnline: Parliamentarians have obliged banks and credit institutions to allot a minimum 40% of their lending facilities to the housing sector in each fiscal year.
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Publish Date:09/February/2021 | 20:17

MRC: Mutual Funds Cut Investment in Banks

EghtesadOnline: The Majlis Research Center, affiliated to Iran's parliament, has recommended the mutual funds operating in the country's capital market to reduce their share of investment in banks in favor of bond market.
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Publish Date:07/February/2021 | 17:18

MRC: Mutual Funds Cut Investment in Banks

EghtesadOnline: The Majlis Research Center, affiliated to Iran's parliament, has recommended the mutual funds operating in the country's capital market to reduce their share of investment in banks in favor of bond market.
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Publish Date:06/February/2021 | 13:25

Financial Institutions Can Offer E-Wallets

EghtesadOnline: Banks and non-bank credit institutions can offer electronic wallets to help facilitate micro transactions, says the Money and Credit Council, the highest supervisory and regulatory body of Iran's financial markets.
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Publish Date:27/August/2020 | 17:50

Banks Ostensibly Have Enough Liquidity

EghtesadOnline: During the last round of open market operation by Central Bank of Iran Wednesday, none of the lenders put up their bonds on offer, indicating they are not now in need of liquidity.
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Publish Date:29/February/2020 | 06:55

Banks Not Doing Enough to Help Exporters

EghtesadOnline: Head of the Export Guarantee Fund of Iran has criticized the poor performance of banks in supporting export-based companies, recalling that robust financial support for export companies is critical in the climate of hostile US economic sanctions.
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Publish Date:16/February/2020 | 05:33

Banks $16 Billion in the Red

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