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EU Banks to Join INSTEX

EghtesadOnline: The new head of INSTEX, Michael Bock, who was in Tehran this week, says some small European banks are willing to join the barter trade mechanism.
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Publish Date:18/September/2019 | 11:53

Bank Loans in Iran Rise 30%

EghtesadOnline: Banks paid 2,188 trillion rials ($19.3 billion) in loans during the first four months of present calendar year to July 22.
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Publish Date:17/September/2019 | 24:35

Industries Financed Mainly by Lenders

EghtesadOnline: Banks met nearly 57% of industrial units' capital need in the last Iranian fiscal year (ended March 2019), says a deputy minister of industries.
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Publish Date:15/September/2019 | 10:47

Partnership Loans Attractive

EghtesadOnline: Data about loans given by banks and credit institutions based on different Islamic banking contracts show “partnership loans” had the biggest share by the end of the third quarter of the present fiscal year on June 21.
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Publish Date:14/September/2019 | 24:01

Lenders Responsible For Failure to Launch OTP

EghtesadOnline: In a directive to banks and credit institutions, the Central Bank of Iran has warned that lenders would be held responsible for any loss resulting from their negligence to activate disposable debit card passwords.
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Publish Date:08/September/2019 | 24:27

Merging Process of Military Banks Making Progress

EghtesadOnline: The plan to merge five military-affiliated banks and credit institutions has entered the next phase after majority ownership of the merging entities was transferred to state-run Bank Sepah, CEO of the bank said.
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Publish Date:08/September/2019 | 24:19

Banks in Iran Record Double Digit Growth in Deposits

EghtesadOnline: Total deposits with Iranian banks and credit institutions stood at 21,311.2 trillion rials ($190.27 billion) at the end of the second calendar month to May 21, according to a report by the Central Bank of Iran.
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Publish Date:27/August/2019 | 10:17

Military Banks Merger in Progress

EghtesadOnline: The merger of five banks and credit institutions -- affiliated to military forces – with the state-owned Bank Sepah is in progress with the major tasks completed, CEO of the bank said.
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Publish Date:06/August/2019 | 24:26

Central Bank of Iran Reports Growth in Deposits, Loans

EghtesadOnline: A report on loans made by and deposits with banks and credit institutions says total deposits stood at 20,825 trillion rials ($173 billion) at the end of the first calendar month to April 20.
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Publish Date:23/July/2019 | 09:52

Banks to Help Lift Iran's Housing Industry

EghtesadOnline: As home prices continue to rise, the housing sector has resorted to banks to help restore the ailing industry hit by stagflation.
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Publish Date:13/July/2019 | 11:45

Iran: Bank Deposits Rise 25%

EghtesadOnline: The latest data on deposits with banks and credit institutions indicate that total deposits stood at 20,673 trillion rials ($159 billion) by the end of the previous fiscal year’s last month (March 20, 2019).
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Publish Date:01/July/2019 | 11:01

Central Bank of Iran Says Bank Deposits Growing

EghtesadOnline: Deposits in Iranian banks and credit institutions totaled 20,223 trillion rials ($155 billion) during the eleven-months to Feb 19, up 32% compared to the same period a year ago.
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Publish Date:16/June/2019 | 11:43

96 Million Bank Cards Active in 1 Month

EghtesadOnline: Out of 340.6 million cards issued by banks more than 96.9 million, including debit cards, credit cards and gift cards, conducted at least one transaction during the first month (March 21-April 20) of the current fiscal year.
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Publish Date:08/June/2019 | 11:32

OTP Not Mandatory For Minor Transactions

EghtesadOnline: The Central Bank of Iran published a note on its website to clarify ambiguities about the one-time password that will soon be offered by banks.
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Publish Date:13/May/2019 | 13:53

Iran's Bank Branch Closures Continue

EghtesadOnline: Banks and credit institutions continue to reduce their local branches in the past three months, although the overall cuts are not significant, IBENA reported.
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Publish Date:04/May/2019 | 13:00

Majlis: Compound Interest Is a Problem

EghtesadOnline: The Majlis has asked the government to eliminate the policy of compound interest rates in banks to help promote domestic production, and the Rouhani administration is expected to inform lawmakers about what it thinks of the prospect.
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Publish Date:17/April/2019 | 14:30

Properties of Banks Sold for $770m

EghtesadOnline: The Deputy for Banking and Insurance Affairs at the Economy Ministry said during the one year between December 2018-19, 100 trillion rials ($770 million) worth of excess property of banks was divested.
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Publish Date:12/March/2019 | 14:57

5 Armed Forces-Linked Banks to Merge

EghtesadOnline: The Central Bank of Iran said Saturday that plans for merging five banks and credit institutions affiliated to armed forces with the state-owned Bank Sepah is in motion.
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Publish Date:03/March/2019 | 11:52

Banks Lend $42 Billion in 10 Months

EghtesadOnline: In the first ten months of the current fiscal to January 20, lenders granted 5,380 trillion rials ($ 42 billion) in loans, up 757 trillion rials ($6 billion) compared to the same period in the previous fiscal – a 16.4% growth.
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Publish Date:20/February/2019 | 13:29