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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

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