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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