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Iran presents proposals for new SCO bank

Iran's central bank deputy presented technical and operational proposals for the creation of a Shanghai Cooperation Organisation development bank during a consultative meeting in Shenzhen, China.
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Publish Date: 01/July/2026 | 18:14

Iran Competes in 4th Consultative Meeting on SCO Bank Establishment

The Director-General for SCO and BRICS Affairs at the Iranian Ministry of Foreign Affairs announced that a delegation from the Central Bank of the Islamic Republic of Iran will attend the fourth consultative meeting reviewing the draft Memorandum of Understanding (MoU) for the establishment of the Shanghai Cooperation Organization (SCO) Bank in Shenzhen, China.
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Publish Date: 29/June/2026 | 21:15

Iran’s largest lender takes control of failed private bank

Iran’s largest lender, Bank Melli, has officially taken control of the assets and operations of one of the biggest private banks in the country after regulatory authorities announced its dissolution.
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Publish Date: 26/October/2025 | 22:21

Bank Borrowing From CBI Pushes Up Monetary Base

EghtesadOnline: The monetary base expanded to unprecedented levels in the calendar month to Dec. 31 due mainly to banks’ excessive borrowing from the Central Bank of Iran.
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Publish Date: 22/January/2022 | 14:17

Bank Lending Surges to $53b in 7 Months

EghtesadOnline: Loans by banks and credit institutions reached 14,828.9 trillion rials ($52.9 billion) in the first seven months of current fiscal year (March 21-Oct 22).
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Publish Date: 21/November/2021 | 15:44

Compound Interest on Loans Is Still Contentious

EghtesadOnline: New rules governing bank loans passed by the Majlis this week, legally ban lenders from charging compound interest and is designed to help boost the business environment, lawmakers say.
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Publish Date: 20/October/2021 | 14:21

Banks’ Assets Rise 43%

EghtesadOnline: Banks held 75,206.8 trillion rials ($278 billion) in assets by the end of the month to August 22, indicating 43.8% increase compared to the same period last year.
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Publish Date: 11/October/2021 | 24:41

30,000 Bank Accounts, SIM Cards Blacklisted

EghtesadOnline: Law Enforcement Forces (LEF) said it has blocked 30,000 bank accounts and SIM cards suspected of fraud and illegal activities.
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Publish Date: 28/September/2021 | 19:41

BMI Boss Urges Fair Appraisal of Bank’s Mounting Problems

EghtesadOnline: After financial statements of Bank Melli Iran became public last week, the chief executive, Mohammad Reza Hosseinzadeh, responded to criticism and defended the performance of the lender.
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Publish Date: 28/September/2021 | 19:35

Bank Maskan Raises Youth Home Loan Ceilings

EghtesadOnline: Bank Maskan, the state agent bank of the housing sector, has raised the ceiling on home loans paid under the so-called Youth Savings Account.
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Publish Date: 12/September/2021 | 13:56

$37m in Bank Loans for Iranian Startups

EghtesadOnline: Four local banks have reached a multilateral deal with the state-backed Iran National Innovation Fund to provide low-interest loans worth 10 trillion rials ($37 million) to emerging knowledge-based firms and startups.
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Publish Date: 07/September/2021 | 13:48

$125m in Bank Loans for Mazandaran Agriculture Sector

EghtesadOnline: Mazandaran Province’s agriculture sector received a total of 30 trillion rials ($125 million) in bank loans during the first 10 months of the current Iranian year (March 20, 2020-Jan. 19), according to an executive with the Agriculture Bank of Iran, also known as Agribank.
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Publish Date: 08/February/2021 | 14:08