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High Interests Offered by Automakers Criticized

EghtesadOnline: A lawmaker has criticized automakers for offering high interests on their pre-sale contracts, saying that the gaping difference between auto contracts’ interests and banks’ deposit rates has caused problems for the economy and the banking system.
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Publish Date:25/February/2017 | 13:49

Iran, Malaysia Integrating Banking Transactions

EghtesadOnline: After negotiations between the officials of Iranian and Malaysian central banks, the two countries agreed to integrate their bank card systems and discussed conducting business in local currencies.
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Publish Date:25/February/2017 | 13:48

Suspicious Bank Activities Under Scrutiny

EghtesadOnline: A new directive concerning direct tax regulations has been issued, which enables the Iran National Tax Administration to identify taxpayers and their incomes, announced an official with INTA.
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Publish Date:22/February/2017 | 16:37

Slovak Delegation Visit To Focus On Banking Issues

EghtesadOnline: Tehran Chamber of Commerce, Industries, Mines and Agriculture is to host a high-ranking Slovak delegation on March7, 2017, to pursue the development of financial trade and ease banking relations and money transfer between Iranian and Slovakian banks.
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Publish Date:21/February/2017 | 14:54

CBI's Criteria for Foreign Banks in Free Trade Zones

EghtesadOnline: Since three years ago, the Central Bank of Iran has endeavored to simplify the process of establishing foreign banks in free trade zones in line with economic policies, the secretary-general of CBI said.
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Publish Date:21/February/2017 | 14:28

CBI Forex Asset Revaluation to Help Augment Bank Lending

EghtesadOnline: A member of Tehran Chamber of Commerce, Industries, Mines and Agriculture has welcomed the government’s measure to revaluate the Central Bank of Iran’s foreign exchange assets to increase the lending power of banks, saying the move had been a “last resort” to make up for lenders’ capital shortage.
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Publish Date:20/February/2017 | 15:52

Banks Rapped Over Penalty Waiver

EghtesadOnline: A member of Majlis Economic Commission has criticized the poor execution of a Central Bank of Iran directive by the banking network.
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Publish Date:19/February/2017 | 14:47

Troubled Banks Unleash Rout at TSE

EghtesadOnline: The stock market was quite eventful during the Iranian month of Bahman (January 20-February 18).
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Publish Date:19/February/2017 | 14:42

Iranian Banks Register 27% Growth in Term Deposits

EghtesadOnline: The total volume of term deposits in the Iranian banking system reached 9,605.5 trillion rials ($251.78 billion) by the end of the third quarter of the Iranian fiscal year (December 20), marking an annual growth of 27.1%.
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Publish Date:18/February/2017 | 15:55

CBI chief: No frozen assets of Iran in Oman

EghtesadOnline: Governor of Central Bank of Iran (CBI) Valiollah Seif explained his recent negotiations with Omani banking officials during his recent visit of President Hassan Rouhani to that country, saying the two countries will sign a memorandum of understanding (MoU) soon.
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Publish Date:18/February/2017 | 13:12

Iran, Japan ink banking MoU

EghtesadOnline: Central Bank of Iran signed a memorandum of understanding (MoU) with Japan’s Financial Services Agency (JFSA) in a bid to facilitate the interactions between the two countries’ accredited banks.
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Publish Date:15/February/2017 | 07:32

Iran, Azerbaijan to enhance banking ties

EghtesadOnline: Governor of Central Bank of Iran (CBI), Valiollah Seif, and Azeri economic and financial officials on Monday discussed ways of Iran-Azerbaijan banking relation expansion.
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Publish Date:15/February/2017 | 07:27

3,850 Bank Debtors on Travel Ban List

EghtesadOnline: Due to the importance of social rights and the necessity of banks to recover their non-performing loans, about 3,850 individuals have been put on the no-fly list and more than 4,400 have been removed from it since 2012, said the Central Bank of Iran’s director for legal affairs.
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Publish Date:12/February/2017 | 10:24

Capital Increase for Iran's Agriculture Bank

EghtesadOnline: Bank Keshavarz Iran (Agriculture Bank) will receive its share from the government’s plan to increase the capital of public-sector banks by the yearend, announced the minister of agriculture jihad.
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Publish Date:11/February/2017 | 10:13

Norway to solve Iran’s banking problems

EghtesadOnline: Norway’s financial minister in a meeting with Iranian ambassador to Oslo announced its country’s readiness for negotiation over an agreement about avoiding of double taxation and helping to solve the Tehran’s banking problems.
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Publish Date:08/February/2017 | 11:02

Credit Cards Gaining Popularity in Iran

EghtesadOnline: Iranians used 73 million bank cards by Dec. 20, of which 68 million or 93.29% were debit cards, the latest official data revealed.
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Publish Date:07/February/2017 | 24:16