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30 Major Coin Purchases Funded by Six Banks

EghtesadOnline: Tehran Prosecutor Abbas Jafari Dolatabadi said investigators in a high-profile probe to crack down on suspected fraud in the gold coin market have traced the means to fund the 30 largest coin purchases to six banks.
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Publish Date:31/July/2018 | 04:58

Banks Have 4 Months to Comply With AML Rules

EghtesadOnline: The Financial Intelligence Unit (FIU) of the Ministry of Economy has called on banks and credit institutions to redefine infrastructure for effectively implement restrictions on individuals suspected of money laundering.
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Publish Date:22/July/2023 | 22:13

BANKS 2 Check! Insurance API Gateway Not Mandatory for Now

EghtesadOnline: The head of Sanhab Company, the body in charge of managing the online database of insurance industry, says startups are not obliged to connect to the regulatory body’s central API gateway.
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Publish Date:10/July/2023 | 21:31

Listed Banks Paid $1.4B Interest on Deposits in Q1

EghtesadOnline: According to the financial statements of 12 banks listed in the capital market, Bank Pasargad topped the list in terms of the paid returns, followed by Bank Mellat and Bank Tejarat with 145 trillion rials ($290 million) and 115 trillion rials ($230 m).
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Publish Date:10/July/2023 | 21:29

Banks Raise Fees

EghtesadOnline: New banking fees came into effect on May 7. Lenders may offer up to 30% discount on banking charges to be able to compete with their peers and offer up to 40% discount to knowledge-based companies.
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Publish Date:08/May/2023 | 22:05

Banks Sold $1.13b in Surplus Assets

EghtesadOnline: The minister of economy and finance, Ehsan Khandouzi, said the government has fulfilled its promise and transferred surplus assets of banks to the tune of 580 trillion rials ($1.13 billion) by the end of the calendar year (March 20).
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Publish Date:18/April/2023 | 22:10

Banks Boost Lending

EghtesadOnline: Banks paid an estimated 29,719 trillion rials ($69.1 billion) in loans in the first nine months of the current fiscal year (ends in March) – up 41.9% on the same period last year.
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Publish Date:10/February/2023 | 20:31

Iran and Russia Sign Deal to Link Banks

EghtesadOnline: The central banks of Iran and Russia Sunday signed a deal to connect their national interbank communication and transfer systems to help boost trade and ease two-way bank transactions.
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Publish Date:30/January/2023 | 20:53

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

Banks Expected to Raise Interest Rates

EghtesadOnline: Banks say interest rates must rise to keep pace with the high and rising inflation to make deposits attractive for savers. Interest that banks now offer on deposits is, at best, far below the skyrocketing inflation rate.
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Publish Date:21/December/2022 | 21:23

Banks Sell $1.8b Surplus Assets

EghtesadOnline: Bank Saderat accounted for 22% or 145 trillion rials ($408.45 million) of the assets, followed by Bank Melli with 21% or 143 trillion rials ($402.8m ), Tejarat Bank 110 trillion rials ($309.8 m) and Bank Mellat 96 trillion rials ($270.4m).
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Publish Date:07/December/2022 | 21:18

Banks Would Do Better With REITs

EghtesadOnline: Real Estate Investment Trusts (REITs) are a great help to banks as they can diversify their portfolio and sell real estate holdings in the stock market, a capital market expert said.
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Publish Date:25/November/2022 | 21:12

Gov't to Sell Stake in Refineries to 3 Banks

EghtesadOnline: Residue shares of the government in four major refineries and some state-run companies are to be sold to three semi-private banks, it was decided at a Cabinet meeting in Tehran on Sunday.
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Publish Date:29/December/2020 | 18:53

MRC Finds Flaws in Banks

EghtesadOnline: The Majlis Research Center has looked into the performance of banks in the first quarter of the current fiscal year (March 20- June 21).
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Publish Date:12/December/2020 | 19:58

Over $300m in Loans to Virus-Hit Businesses

EghtesadOnline: Out of 533,752 businesses that registered at Kara.mcls.gov.ir and were introduced to the banks to receive government-backed coronavirus financial support, 365,841 businesses (70% of the total) have received their loans as of Nov. 30, while the documents and collaterals of the rest are under review, the Central Bank of Iran reported.
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Publish Date:07/December/2020 | 18:10

CBI Lends to Banks Under OMO

EghtesadOnline: The Central Bank of Iran says it lent to banks last week in need of liquidity by implementing open market operation.
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Publish Date:14/November/2020 | 14:49

Banks Not Content With Higher Fees

EghtesadOnline: Electronic banking charges are higher than what customers pay, says the Central Bank of Iran's deputy governor for innovative technologies, elaborating the reasons behind the recent increase in bank fees.
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Publish Date:04/November/2020 | 16:42