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Iranian Banks Install New ATMs

EghtesadOnline: The number of ATMs in Iran reached 58,442 by the end of November, which shows banks installed more than 1,800 new devices in one year to meet increasing demand for services out of the branches.
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Publish Date:28/December/2019 | 13:01

Tehran Stock Market Will Help Liquidate Surplus Assets of Banks

EghtesadOnline: The government is piling pressure on banks to put an end to their non-bank businesses by getting rid of surplus assets. The push appears to gain momentum in recent weeks as the Ministry of Economy and Finance last weekend unveiled an online auction system for this purpose.
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Publish Date:04/December/2019 | 08:41

Banks Will Lend $8.3b to Help Raise Production

EghtesadOnline: The Central Bank of Iran, as part of a plan called "Productive Working Capital" has assigned a number of banks to lend 1,000 trillion rials ($8.3 billion) to productive businesses in the agriculture, housing and construction, industries and mining, petroleum and tourism sectors.
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Publish Date:24/November/2019 | 11:19

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 Need to Shed 10,000 Branches

EghtesadOnline: There are more than 22,000 bank branches in Iran, about half of which are not needed, a deputy minister of economy said on Sunday.
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Publish Date:11/November/2019 | 24:42

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

239m Bank Cards Unused in 1 Month

EghtesadOnline: Out of a total of 341 million cards issued by Iranian banks by the end of calendar month to July 22, card holders conducted at least one transaction with 101.2 million cards during the month.
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Publish Date:26/August/2019 | 24:00

Banks ’ Surplus Assets Fall Out of Favor

EghtesaadOnline: While the government insists on lenders to get rid of their surplus properties, it seems that this is better said than done.
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Publish Date:25/August/2019 | 10:41

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

SSO Owes $2.5b to Banks

EghtesadOnline: Iran Social Security Organization owes 400 trillion rials ($2.58 billion) to banks, SSO’s deputy for economic and planning affairs said.
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Publish Date:13/May/2019 | 13:44

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

National Development Fund of Iran Lends $4.7b to Banks

EghtesadOnline: The National Development Fund of Iran deposited 50 trillion rials ($471 million) with agent banks in the first eight months of the current fiscal that ends next March .
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Publish Date:16/December/2018 | 13:11

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 Gov’t Bodies, Banks Allowed to Issue Bonds

EghtesadOnline: The government has outlined new tasks for state-owned companies, banks and for-profit institutions as part of a directive for the next fiscal (March 2019-20) budget.
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Publish Date:03/November/2018 | 06:33

Iran Negotiating With Iraqi, Afghan Banks to Maintain Rising Trade

EghtesadfOnline: Negotiations are underway with banks in Iraq and Afghanistan for enabling Iranian private sector players to repatriate their export yields as per the law and maintain trade, a senior private sector representative said.
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Publish Date:29/October/2018 | 08:00

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

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

Iranian Banks Urged to Help Control Liquidity

EghtesadOnline: Governor of the Central Bank of Iran Abdolnasser Hemmati late Monday met with chief executives of banks and credit institutions to evaluate the country’s monetary and banking developments and discuss the reformative role of banks in creating market stability.
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Publish Date:12/September/2018 | 06:08

Banks Lagging Behind AGM Schedule

EghtesadOnline: More than a month has passed since the July 22 deadline set for Iran’s banks and credit institutions to finalize their financial statements and hold their annual general meetings, but only a handful have managed this feat.
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Publish Date:27/August/2018 | 04:15