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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

Banks Clearly Losing Traction

EghtesadOnline: Iranians’ tendency to invest in banks has declined drastically in favor of stocks and real estate markets, according to a poll by the Iran Student Polling Agency (ISPA).
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Publish Date:15/September/2020 | 09:36

Banks Welcome Fintechs' Fee Proposal

EghtesadOnline: Contrary to authorized payment companies, banks have welcomed Iran’s Fintech Association's proposed fee system for online payment in which aggregators and service providers cover the network fees, which currently are paid by banks.
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Publish Date:31/August/2020 | 09:07

Banks Instructed to Allot 3% of Resources for Bond Buying

EghtesadOnline: The Money and Credit Council, the top monetary decision-making body, has obliged banks to allocate at least 3% of their financial resources to buy bonds issued by the government. It issued a three-month deadline for this task.
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Publish Date:27/August/2020 | 17:44

Iranian Fintechs Propose a Way Out of Payment Fee Quandary

EghtesadOnline: Iran’s Fintech Association has proposed a new fee system for online payment in which payment aggregators and payment service providers cover the network fees, which are currently paid by banks.
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Publish Date:24/August/2020 | 11:52

CBI Wants Banks to Buy Bonds

EghtesadOnline: Governor of the Central Bank of Iran says lenders should use a fraction of their financial reserves to buy bonds issued by the government.
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Publish Date:19/August/2020 | 10:10

Banks to Use Justice Shares as Collateral for Loans: HCSE

EghtesadOnline: Banks will start issuing credit cards for owners of the so-called Justice Shares in the coming week, using the shares as collateral, a member of the High Council Securities and Exchange said.
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Publish Date:26/July/2020 | 14:18

Iran: New Interest Rates Unattractive

EghtesadOnline: New interest rates announced by the Money and Credit Council have failed to convince depositors to park their money in banks, secretary-general of the Iranian Private Banks ' Association said.
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Publish Date:18/July/2020 | 16:36

Banks Told to Shed Assets, Fix Balance Sheets

EghtesadOnline: Governor of the Central Bank of Iran Abdolnasser Hemmati has again called on lenders to tap into the stock market to improve their books and balance sheets.
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Publish Date:22/June/2020 | 11:17

Iran Gov’t Will Sell Stakes in Banks

EghtesadOnline: The government will launch one of its biggest schemes to divest banks’ non-financial assets in the coming week, a deputy minister of economy said.
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Publish Date:13/May/2020 | 09:25

Loans to Businesses Up 26%

EghtesadOnline: Banks lent 9,750 trillion rials ($62.9 billion) to businesses in the last fiscal year (March 2019-20), which was up by 2,012 trillion rials or 26% compared to the year before.
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Publish Date:30/April/2020 | 06:00

Banks Count $1.1b in Bad Checks in 1 Month

EghtesadOnline: The number of bounced checks jumped in the month to March 19, marking the end of last fiscal year when the coronavirus spread in Iran hammering businesses in a way unseen in decades.
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Publish Date:29/April/2020 | 10:59

Banks Debt to CBI Down 25%

EghtesadOnline: Debs of banks and credit institutions to the Central Bank of Iran declined 25.6% year-on-year to Dec. 21.
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Publish Date:29/February/2020 | 06:58

2 Businesses Top List of Borrowers

EghtesadOnline: A CBI report shows that more than half of the loans given by Iranian banks and credit institutions were in the form of civil partnership and installment sale contracts.
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Publish Date:19/February/2020 | 05:03

Italian Banks Single Out Iranians

EghtesadOnline: Several Italian banks have closed or imposed restrictions on accounts held by Iranians citing the US sanctions, and in the process creating financial difficulties for those affected.
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Publish Date:15/February/2020 | 13:13

Bad Checks Under Scrutiny

EghtesadOnline: The Central Bank of Iran in a directive has ordered banks and credit institutions to send it the names of the checkbook holders who have had more than 20 bounced checks times.
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Publish Date:21/January/2020 | 13:12

Banks Sell Surplus Property, Generate $1 Billion

EghtesadOnline: Banks and credit institutions have sold property and non-financial assets worth 150 trillion rials ($1.1 billion) since the beginning of current fiscal year in March 2019, said an official with the Economy Ministry.
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Publish Date:11/January/2020 | 24:33