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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

Banks Unwilling to Lend

EghtesadOnline: From the beginning of fiscal 2018-19 up until September, the loan-to-deposit ratio has been of the descending order indicating that banks are exercising extra caution when it comes to lending.
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Publish Date:08/January/2020 | 11:06

Iran: Bank Deposits Rise 30% in 1 Year

EghtesadOnline: Deposits with Iranian banks and credit institutions have been rising over the past year to reach 23,493.9 trillion rials ($181.4 billion as per current exchange rates) by the end of sixth calendar month to September 22, according to Central Bank of Iran.
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Publish Date:30/December/2019 | 24:37

Banks Lend $40b in 8 Months

EghtesadOnline: Banks and credit institutions paid 5,313 trillion rials ($40.8 billion) in loans in the first eight months of current fiscal year to Nov.21.
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Publish Date:25/December/2019 | 10:38

Iranian Banks Streamlining Operations Before Merger

EghtesadOnline: An unprecedented bank merger is underway in Iran since last March in which five banks and credit institutions affiliated to military organizations are being merged with the state-owned Bank Sepah.
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Publish Date:07/December/2019 | 11:30