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Overseas Expansion of Banks Underscored

EghtesadOnline: The importance of Iranian banks’ foreign branches is not negligible, therefore their number ought to increase in order to provide better services to Iranian traders, the head of Iran’s Monetary and Banking Research Institute announced.
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Publish Date:10/May/2017 | 07:58

Iran, Austria Normalizing Banking Ties

EghtesadOnline: Austria intends to expand business ties with Iran, therefore the European country endeavors to normalize banking relations between the two countries, the Austrian ambassador to Iran said.
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Publish Date:10/May/2017 | 07:55

Iran Likely to Quit FATF Blacklist

EghtesadOnline: Similar to other top-tier officials, deputy economy minister for banking affairs believes that Iran will be able to quit the Financial Action Task Force’s blacklist of high-risk countries.
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Publish Date:08/May/2017 | 10:57

Banking Network Safe

EghtesadOnline: The Central Bank of Iran has denied any case of hacking in the domestic banking sector, saying that the banking network is strong enough to protect depositors’ money against cyber threats.
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Publish Date:08/May/2017 | 10:53

Sixth Plan Zeros In on Banking Problems

EghtesadOnline: The general outlines of the amended “Sixth Five-Year Economic, Cultural and Social Development Plan (fiscal 2017-22)” bill was approved by the parliament late last year (ended March 20, 2016) and a week later by the Expediency Council.
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Publish Date:06/May/2017 | 14:42

NPL Ratio Near Int’l Norms

EghtesadOnline: The trend of Iranian banking system in recovering non-performing loans has gained momentum and brought the NPL ratio close to international standards, the chief executive of Export Development Bank of Iran said.
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Publish Date:03/May/2017 | 11:49

Banking Ties With Europe Progressing

EghtesadOnline: As Iran reaps the benefits of sanctions removal and reintegration with the global economy, its banking system is struggling to resume and normalize ties before international restrictions choked off its gateways with the outside world.
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Publish Date:01/May/2017 | 07:29

Iranian-European banks to establish long-term ties soon

EghtesadOnline: Long-term relations between Iranian and European banks are expected to develop especially in financing civil engineering and production projects, Governor of Central Bank of Iran (CBI) Valiollah Seif announced.
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Publish Date:29/April/2017 | 15:09

Middle East Bank Presents 9-Month Economic Overview

EghtesadOnline: Official statistics indicate that Iran’s economy performed exceptionally well during the three quarters of the last Iranian year (March 20-December 20, 2016).
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Publish Date:23/April/2017 | 09:37

BIM, Foreign Banks in Financing Talks

EghtesadOnline: The Bank of Industry and Mine is currently negotiating with three foreign banks to attract funds for Iranian projects, the bank’s chief executive said.
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Publish Date:23/April/2017 | 09:34

30 Percent Leap in Bank Loans

EghtesadOnline: Iranian banks allocated 5,484 trillion rials ($146.2 billion) to various sectors during the fiscal year that ended on March 20, 2017, registering a growth of 1,310 trillion rials ($35 billion) or 31.4% compared to the previous year.
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Publish Date:23/April/2017 | 09:33

Bank Saderat to Resume Trading This Week

EghtesadOnline: Bank Saderat is set to resume trading on Tehran Stock Exchange this week after it published an auditor’s report on its first profit in the current fiscal year (started March 21) on Saturday.
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Publish Date:23/April/2017 | 09:29

Iran, Vietnam Reset Business Targets

EghtesadOnline: Vietnam is looking to expand ties with Iran, especially in the banking sector, reaffirming the commitment to achieve the bilateral trade target of $2 billion set in Oct. 2016.
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Publish Date:22/April/2017 | 08:06

$1.4b in Debt Penalty Waiver

EghtesadOnline: By the end of the previous Iranian year (ended March 20), about 22,500 billion rials ($0.6 billion) were allocated to the banking system to waive late payment penalties and they will receive a further 54 trillion rials ($1.4 billion) in the current year for the same purpose, said the Central Bank of Iran's vice governor.
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Publish Date:19/April/2017 | 10:28

Banks Refocusing on Production, Employment

EghtesadOnline: The Iranian banking system will focus on increasing production and improving employment in the current fiscal year in line with the guidelines provided by the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei.
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Publish Date:10/April/2017 | 10:51

Iran, Malaysia to Boost Banking Collaboration

EghtesadOnline: The first draft of banking collaboration between the central banks of Iran and Malaysia has been finalized and will be signed by the governors of the two banks.
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Publish Date:09/April/2017 | 07:50

Poland Favors Banking Coop. With Iran

EghtesadOnline: Polish and Iranian lenders need host each other’s bank branches to normalize banking ties between the two countries, the Polish deputy minister of economy said.
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Publish Date:08/April/2017 | 10:16

Rumors of Banks’ Bankruptcy Rejected

EghtesadOnline: Contrary to recent reports, Iranian banks have not gone bust but are in fact mired in faulty regulations, the secretary-general of the Private Banks and Credit Institutions Association said.
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Publish Date:06/April/2017 | 17:59

Banking Reform High on Majlis Agenda

EghtesadOnline: Overhauling the laws and regulations of the country’s banking system would be one of the main priorities of Majlis Economic Commission during the current fiscal year that started on March 21, the head of the commission said.
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Publish Date:05/April/2017 | 09:56

Tejarat Relisting Challenge Denied

EghtesadOnline: The General Court of the European Union has dismissed Tejarat Bank’s challenge to an EU decision to relist it back in 2015.
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Publish Date:03/April/2017 | 09:15