Loans - page 3

tag Loans

Jump in Collateral-Free Loans

EghtesadOnline: Banks and credit institutions gave 236 trillion rials ($747.5 million) in collateral-free loans after the government announced the new lending program in January.
|
Publish Date:28/September/2022 | 24:00

New Restrictions on Loans to Bank-Affiliated Companies

EghtesadOnline: The CBI recently obliged banks to regularly publish the names of big defaulters in the hope that it could help recover the billions in bad debt that have almost devastated the banking sector’s lending ability and capacity, hurling some towards insolvency
|
Publish Date:18/September/2022 | 14:47

Over $300m in Loans to Virus-Hit Businesses

EghtesadOnline: Out of 533,752 businesses that registered at Kara.mcls.gov.ir and were introduced to the banks to receive government-backed coronavirus financial support, 365,841 businesses (70% of the total) have received their loans as of Nov. 30, while the documents and collaterals of the rest are under review, the Central Bank of Iran reported.
|
Publish Date:07/December/2020 | 18:10

Distressed Loans Restructured

EghtesadOnline: The government on Saturday extended the repayment deadline for troubled loans to the current fiscal yearend (March 19), the vice president for economic affairs said.
|
Publish Date:06/December/2020 | 18:53

NDFI Loans to Help Lift Sagging Bourse

EghtesadOnline: The National Development Fund of Iran, the country's sovereign wealth fund, has deposited 10 trillion rials ($40 million) with the Capital Market Stabilization Fund to be invested in the stock market.
|
Publish Date:30/November/2020 | 24:56

Bank Maskan Loans Surge by 46% to $767m in 7 Months

EghtesadOnline: Bank Maskan, the state agent bank of the housing sector, paid 201,360 billion rials ($767 million) in loans during the first seven months of the current fiscal year (March 20-Oct. 21).
|
Publish Date:19/November/2020 | 15:16

$115m in Loans for Job Creation in H1

EghtesadOnline: A total of 559 loans worth 32,312 billion rials ($115 million) were paid to industrial and mining units in the first half of the current fiscal year (March 20—Sept. 21).
|
Publish Date:01/November/2020 | 13:36

SMEs, Projects Receive $140m in Loans in H1

EghtesadOnline: A total of 1,535 small- and medium-sized enterprises and projects with a progress of over 60% received an aggregated of 39,000 billion rials ($140 million) in loans during the first half of the current fiscal year (March 20—Sept. 21).
|
Publish Date:28/October/2020 | 13:38

$20m in Loans to Help Revive Inactive Mines

EghtesadOnline: An agreement has been signed between the Ministry of Industries, Mining and Trade, Bank of Industry and Mine, and Mining Investment Insurance Corporation (MICO), based on which loans worth 6 trillion rials ($20 million) will be extended to help revive inactive mines across Iran.
|
Publish Date:12/October/2020 | 20:00

In 5 Months Banks Lend $18 Billion

EghtesadOnline: Banks and credit institutions paid 5,060.8 trillion rials ($18 billion) in loans to businesses in the first five months of the current fiscal year (March 20-August 21).
|
Publish Date:29/September/2020 | 14:22

Reservations About NDFI Loan Mechanism

EghtesadOnline: The central bank will resist attempts to pay the rial equivalent of loans taken from the National Development Fund of Iran in bid to avoid overburdening the bank’s balance sheet by printing money.
|
Publish Date:26/September/2020 | 13:35

Iran Gov’t New Housing Scheme: 65,000 Applicants Seeking Loans

EghtesadOnline: Atotal of 65,000 applicants have opened accounts with designated banks of the government-sponsored “National Housing Initiative” so far and 38,000 of them have made the initial payment of between 300-400 million rials [$1,165-1,554], says an official with Bank Maskan, the state agent bank of the housing sector.
|
Publish Date:12/September/2020 | 13:21

Bank Maskan Granted $77m in Loans Under Youth Savings Account

EghtesadOnline: Bank Maskan has offered close to 70,000 loans worth 19,000 billion rials ($77 million) under the Youth Savings Account from the Iranian year ending March 2006 until now, Hibna, the news portal of the state agent bank of the housing sector reported.
|
Publish Date:07/September/2020 | 13:12

Security Deposit Assistance Loans Gaining Traction

EghtesadOnline: Deputy Minister of Roads and Urban Development Mahmoud Mahmoudzadeh says 330,000 out of 410,000 people who have applied for security deposit assistance loans meet eligibility requirements set forth by the ministry.
|
Publish Date:06/September/2020 | 24:25

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.
|
Publish Date:26/July/2020 | 14:18

Application for Airlines' Bailout Loans Opens

EghtesadOnline: Application for 24,000 billion rials ($136 million) in coronavirus bailout loans for airlines and other aviation sectors opened at the Ministry of Cooperatives, Labor and Social Welfare’s Kara.mcls.gov.ir on June 1.
|
Publish Date:06/June/2020 | 10:27

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.
|
Publish Date:30/April/2020 | 06:00