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Foreign Assets of Banks Up 6%

EghtesadOnline: Data released by the Central Bank of Iran for the month ending January 19 put banks’ total foreign assets at 2.3 quadrillion rials ($61.5 billion) by January 19, marking a 6% growth compared with the same period of last year.
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Publish Date:19/March/2017 | 10:09

ICCIMA Chief Advocates Mergers in Banking Sector

EghtesadOnline: Iran's economy does not have the capacity for so many banks and credit institutions and hence the idea of merging them should be considered, the head of Iran Chamber of Commerce, Industry, Mines and Agriculture said during the last meeting of ICCIMA in the current Iranian year (ending March 20).
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Publish Date:14/March/2017 | 15:59

Komijani Downplays Banking Woes

EghtesadOnline: The Iranian banking system is not bankrupt, contrary to some reports and the Central Bank of Iran is in control, the vice governor of CBI said.
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Publish Date:12/March/2017 | 14:46

Seif: Iran's FATF Membership by May

EghtesadOnline: The governor of the Central Bank of Iran believes that the country will be able to meet the conditions needed to become a full-time member of the Financial Action Task Force when the organization takes up Iran's case in May.
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Publish Date:11/March/2017 | 13:13

Presidential Advisor Outlines 6 Challenges of Iran’s Economy

EghtesadOnline: Water crisis, environmental woes, crumbling pension funds, banking troubles, budget deficit and unemployment are six major challenges of Iran’s economy, the senior economic advisor to President Hassan Rouhani said.
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Publish Date:08/March/2017 | 16:06

Lawmaker Says FATF's Iran Stance Unacceptable

EghtesadOnline: A senior lawmaker has criticized the latest public statement issued by the Financial Action Task Force concerning Iran, saying it would be "unacceptable" for the country to stay on the organization's blacklist.
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Publish Date:04/March/2017 | 15:51

Iran, Indonesia to Open Joint Bank Account

EghtesadOnline: The establishment of a joint bank account between Iran and Indonesia will foster financial cooperation and facilitate bilateral transactions, said the Central Bank of Iran’s governor.
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Publish Date:01/March/2017 | 13:28

Azerbaijan to Open Bank in Iran

EghtesadOnline: An Azerbaijani bank will open its branch in Iran, Economy Minister Shahin Mustafayev told a press conference on the outcome of an Azerbaijani delegation’s visit to Iran.
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Publish Date:27/February/2017 | 15:20

CBI: No Rise in Interbank Rates

EghtesadOnline: The Central Bank of Iran has denied recent reports that put the interbank lending rate at 26%, stressing that its average is considerably lower.
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Publish Date:22/February/2017 | 05:47

Banks Urged to Pursue Profitability, Transparency

EghtesadOnline: In order to have a healthy bank, branch managers ought to ensure the bank's profitability while abiding by the law and observing transparency. Farshad Heydari, the Central Bank of Iran's deputy for supervisory affairs, made the announcement at a ceremony honoring successful bank and credit institution managers.
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Publish Date:19/February/2017 | 14:40

Debt Clearance, Bank Recapitalization at the Heart of Gov't Economic Plans

EghtesadOnline: Empowering the Iranian banking system in terms of lending, capital buffer and bad debt recovery took center-stage at the latest major economic conference focused on investment and financing, which was attended by the country's top officials.
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Publish Date:13/February/2017 | 13:22

Lawmaker Raises Alarm on Soaring Interbank Rates

EghtesadOnline: Lack of proper supervision on interbank market operations has caused a considerable surge in interest rates, said the head of Majlis Economic Commission.
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Publish Date:12/February/2017 | 10:22

Removing obstacles in Iran-Germany banking interaction is vital

EghtesadOnline: Deputy Foreign Minister for European and American Affairs Majid Takht-Ravanchi on Tuesday called for expansion of Iran-Germany relations and removing obstacles in the way of banking interaction between the two capitals.
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Publish Date:10/February/2017 | 13:35

Iran urges Europe's active role in execution of JCPOA

EghtesadOnline: Visiting Iranian Deputy Foreign Minister for European and American Affairs Majid Takht-e Ravanchi called for Europe's active cooperation for successful execution of Joint Comprehensive Plan of Action particularly in banking field.
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Publish Date:08/February/2017 | 11:13

Banks’ Return Continue to Play Havoc With TSE

EghtesadOnline: Tehran Stock Exchange’s benchmark index TEDPIX gave up 634 points or 0.8% for the week that ended February 1 to close at 77, 415.
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Publish Date:04/February/2017 | 09:15

Bank Pasargad Among Banker Mideast Top 10

EghtesadOnline: The Banker’s Top 500 Banking Brands rankings for 2017 have been announced with five Iranian banks making it into the Top 500, mainly as a result of Brand Finance’s ability to include accurate revenues in its valuations on the country this year.
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Publish Date:04/February/2017 | 05:43

Iranian Gov't Confirms $3.7b for Debt Clearance of Banks

EghtesadOnline: As part of a new presidential directive approved by the Cabinet, the Planning and Budget Organization of Iran has been permitted to clear a portion of the government's debts to the banking system.
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Publish Date:31/January/2017 | 13:46