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Bank Transparency, Disinflation Driving Gov't Policy

EghtesadOnline: Top banking officials and pundits gathered on Tuesday to discuss matters vital to the future prosperity of the Iranian banking system and as an extension, the Iranian economy, underscoring the importance of tamed inflation, better transparency and stronger lending.
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Publish Date:25/January/2017 | 07:52

Sanctions Removal Bedeviled by Banking Hurdles

EghtesadOnline: A year has passed since Iran’s nuclear accord was implemented, but a number of business community representatives are of the belief that there is still a long way to go until things normalize.
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Publish Date:21/January/2017 | 14:08

Iran Central Bank wants to establish regional links

EghtesadOnline: Following the signing of the Joint Comprehensive Plan of Action (JCPOA) which opened new chances for the Iranian banking system, the Central Bank of Iran is working to establish regional links, a senior official said.
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Publish Date:15/January/2017 | 07:50

No Passage of Banking Bills Before Summer 2017

EghtesadOnline: Chances that the final draft of the Banking Reform Bill and the Central Bank Bill will be approved by the Iranian Parliament by the end of President Hassan Rouhani’s first term in the summer of 2017 are relatively slim, the head of Majlis Economic Commission said.
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Publish Date:07/January/2017 | 06:07

Iran tells banks to sell dollars at free rates

EghtesadOnline: The Central Bank of Iran (CBI) says it has authorized banks to deal in foreign exchange trading at a free-market rate – a move which is expected to help control the rising rates of the dollar.
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Publish Date:25/December/2016 | 11:52

Majlis Think Tank Supports Banking Reform Bill

EghtesadOnline: The research arm of the Iranian Parliament has published a first-of-its-kind report detailing six reasons why the Banking Reform Bill–a scheme for undertaking major reforms in the banking sector–should be approved.
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Publish Date:17/December/2016 | 10:20

Banks encouraged to resume forex trade now that sanctions lifted

EghtesadOnline: Governor of the Central Bank of Iran (CBI) Valiollah Seif said on Sunday that Iranian banks were authorized to resume their forex trade, the ordinary operation prevented by international sanctions so far.
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Publish Date:05/December/2016 | 24:41

Iran, Ukraine to promote banking cooperation

EghtesadOnline: Following the implementation of the nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), Iran's banking system has managed to promote ties with various countries including Ukraine, says a Central Bank of Iran official.
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Publish Date:24/November/2016 | 19:53

EDB has brokerage ties with 105 foreign banks

EghtesadOnline: Export Development Bank (EDB) of Iran, expanding its relations with other countries, has established brokerage ties with 105 foreign banks from 42 countries.
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Publish Date:22/November/2016 | 18:25

Iran Banks Are Trying to Catch Up After Years of Isolation

EghtesadOnline: Iranian banks are trying to catch up with the rest of the world.After years of isolation left them with outdated practices, they’re trying to fall in line with international standards of transparency so they can better attract business and integrate with the global industry.
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Publish Date:21/November/2016 | 08:09

Iranian Gov’t, Private Sector Debt to Banks Soar

EghtesadOnline: Government debts to the banking sector jumped to 2.041 quadrillion rials ($64 billion) by the end of the sixth month of fiscal year (September 21), marking a 17.4% growth from the beginning of the year on March 20.
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Publish Date:13/November/2016 | 18:19

Three Foreign Banks to Open in Iran, Central Bank Official Says

EghtesadOnline: Three foreign banks are opening up representative offices in Iran as the country seeks to boost investment after reaching an international sanctions deal last year, a central bank official said.
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Publish Date:01/November/2016 | 24:50