tag bank

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 bank s’ 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 bank s 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 bank s 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 Agri bank .
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Publish Date:08/February/2021 | 14:08

Bad Checks Pile Up

EghtesadOnline: The number of bad checks shot up in the month to Dec.20 reaching 893,000 or 31.1% higher compared with a month earlier.
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Publish Date:06/February/2021 | 13:38

Bank Loans Almost Double

EghtesadOnline: Banks and credit institutions gave 12,199.4 trillion rials ($53 billion) in loans to economic sectors in the nine months since the beginning of the current fiscal year (March 20-Dec.20, 2020).
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Publish Date:29/January/2021 | 11:30

Bank Loans Post 30% Growth

EghtesadOnline: Banks and credit institutions paid 6,262.7 trillion rials ($47 billion) in loans during the first nine months (March 20-Dec 21, 2019) of current fiscal year.
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Publish Date:27/January/2020 | 24:24

Increase in Active Debit Cards in Iran

EghtesadOnline: The number of active bank debit cards, used for at least one transaction, increased by 1.3 million from Sep.23 to Nov.21.
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Publish Date:23/December/2019 | 11:06

Tehran Stocks Nudge 0.8% Higher

EghtesadOnline: Tehran stocks closed trading in positive territory on Tuesday amid rising demands for equities mainly in bank , chemical, auto and base metal group.
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Publish Date:13/November/2019 | 10:09

Iranian Bank to Open 5 Branches in Iraq

EghtesadOnline: Parsian Bank, one of the leading private bank s in Iran, is planning to open five more branches in Iraq, the CEO told members of the Iran-Iraq Joint Chamber of Commerce.
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Publish Date:30/September/2019 | 11:45

Parsian Bank Doubles Capital

EghtesadOnline: In a letter to the CEO of Parsian Bank, the Central Bank of Iran approved an increase in the bank ’s capital.
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Publish Date:21/July/2016 | 22:18

Bank Deposits Grow 35%

EghtesadOnline: Bank customers had 29,326.1 trillion rials ($127.5 billion) in deposits by the end of the calendar month to June 20, according to monthly data released by the Central Bank of Iran.
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Publish Date:07/September/2020 | 24:59

CBI: Money Supply in Check

EghtesadOnline: The CBI governor says the bank has kept the growth of money supply in check which is a harbinger of decline in inflation rate.
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Publish Date:25/August/2020 | 10:58

Impact of Fiat Money

EghtesadOnline: Expansion of monetary growth has again been blamed on the Central Bank of Iran’s obligation to purchase forex from the National Development Fund of Iran and settle the payment in rials, an “ill-advised method” the CBI governor says is tantamount to over borrowing from the bank at a time when NDFI currency resources at best are inaccessible.
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Publish Date:01/August/2020 | 24:00