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Iranian Lenders Hobbled by Big Bank Qualms

EghtesadOnline: Iran's banking network has historically had a robust presence in Europe, offering services to Iranian merchants and facilitating trade transactions between the European Union and resource-rich Iran.
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Publish Date:19/March/2017 | 11:07

EDBI Correspondent Relations Reach 119

EghtesadOnline: After the implementation of the Joint Comprehensive Plan of Action, the Export Development Bank of Iran secured correspondent relations with 119 foreign banks, said the bank’s CEO.
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Publish Date:15/March/2017 | 13:13

Banker Expects Further Interest Rate Cuts

EghtesadOnline: Interest rates in the Iranian banking system are expected to drop in the next Iranian year (starting March 21), said the chief executive of Parsian Bank.
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Publish Date:15/March/2017 | 13:11

CBI’s Fiqh Council to Gain Official Status

EghtesadOnline: The Council for Islamic Jurisprudence in the Central Bank of Iran–aka Fiqh Council–is to obtain an official legal status through a parliamentary vote, announced a member of the council.
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Publish Date:14/March/2017 | 15:55

Iran, Finland Removing Banking Hurdles

EghtesadOnline: A task force comprising Iranian and Finnish bank executives and experts, which was formed to remove bilateral banking hurdles, has already made headway, said the ambassador of the Scandinavian nation to Iran.
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Publish Date:13/March/2017 | 24:30

Directed Credit Schemes Face Prosecution

EghtesadOnline: The Tehran prosecutor general has spoken out against directed credit schemes by banks, stressing that loan allocation violations must be reviewed by the experts.
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Publish Date:13/March/2017 | 05:51

Iran, Finland form working group to solve banking problems

EghtesadOnline: Finnish Ambassador to Tehran Harri Kämäräinen said on Saturday that a working group comprising Iranian and Finnish banking governors as well as experts has been formed to look into ways of solving banking problems.
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Publish Date:11/March/2017 | 16:26

Bank Sepah int'l branch in London resumes activity in post-JCPOA

EghtesadOnline: Bank Sepah international London-based branch alongside the other European branches have started to render banking services in the international scene, especially to the Iranian companies and projects after the implementation of the Joint Comprehensive Plan of Action (JCPOA).
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Publish Date:09/March/2017 | 16:48

Iranian-European bank to be established in EU soon

EghtesdaOnline: An Iranian-European joint bank would be established in EU in early spring, Ahmad Haji Mohammadi, the head of international department of Sarmayeh (Investment) bank said.
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Publish Date:08/March/2017 | 09:37

Penalties Account for 50% of Banks’ Income

EghtesadOnline: More than 50% of many banks’ income are generated through penalty fees while this way of allocating loans will amount to a compound interest, said a member of Iran Chamber of Commerce, Industries, Mines and Agriculture.
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Publish Date:07/March/2017 | 13:22

Banking Bills Under Review

EghtesadOnline: The government has not stopped reviewing the two banking reform bills, said the vice governor of the Central Bank of Iran rejecting earlier claims about the bills being returned to the CBI.
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Publish Date:07/March/2017 | 13:20

Banking Bills Encounter Hurdles in Cabinet

EghtesadOnline: President Hassan Rouhani’s Cabinet has redirected the two major banking bills aimed at reforming the Iranian banking system to the Central Bank of Iran, announced a member of the bank’s Fiqh Council.
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Publish Date:05/March/2017 | 16:33

Pakistan, Iran central banks to sign accord soon

EghtesadOnline: State Bank of Pakistan (SBP) Governor Ashraf Mahmood Wathra has revealed that a cabinet committee has approved an agreement between the SBP and Central Bank of Iran that will be signed soon, The Express Tribune reported.
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Publish Date:05/March/2017 | 05:48

Iran, Kazakhstan to expand banking cooperation

EghtesadOnline: The vice-governor of Iran’s central bank for foreign exchange affairs, Gholamali Kamyab during his visit to Astana met with the Kazakh investment minister Kassymbek Zhenis Mahmudovich and emphasized on bilateral banking cooperation.
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Publish Date:05/March/2017 | 05:46

Most NPLs Constitute Doubtful Debts

EghtesadOnline: The banking system’s non-performing loans have reached 1,100 trillion rials ($30 billion), 60% of which are considered doubtful debts, said the head of Monetary and Banking Committee at the Expediency Council.
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Publish Date:01/March/2017 | 13:25

Bank Sepah Expanding Ties With Iraq

EghtesadOnline: Iranian and Iraqi officials in Tehran discussed further expansion of bilateral banking ties.
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Publish Date:28/February/2017 | 16:34