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CBI's New Oversight Plan Employs Cutting-Edge Practices

EghtesadOnline: The Central Bank of Iran's new oversight plan for the banking system has employed the latest in international banking experiences and practices, announced the head of the much-anticipated scheme.
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Publish Date:07/February/2017 | 24:15

CBI Puts Risky Banks on Notice

EghtesadOnline: The Central Bank of Iran will ramp up its supervision over risky lenders to prevent their precarious activities from impacting other banks, said an official with the Central Bank of Iran.
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Publish Date:06/February/2017 | 14:53

Banks in the Red

EghtesadOnline: Troubled banks are now in the spotlight. According to the deputy head of Monetary and Banking Research Institute, all Iranian banks are now suffering losses.
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Publish Date:06/February/2017 | 14:51

Gov’t Raises Bank Melli Capital by $2.4b

EghtesadOnline: In the latest plan to increase the capital of Iranian public-sector banks, Bank Melli Iran will receive almost half the total amount considered for the plan, the bank’s CEO revealed.
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Publish Date:29/January/2017 | 13:23

Tejarat Bank Sues EU for Losses Incurred During Sanctions

EghtesadOnline: Tejarat Bank has filed a lawsuit at the European Court of Justice (ECJ), seeking compensation for the losses it incurred during the sanctions that targeted Iran's nuclear program, the bank's CEO said on Saturday.
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Publish Date:29/January/2017 | 05:36

Bank Business Loans Cross $99b

EghtesadOnline: Iranian banking system doled out 3,825 billion rials ($99.77 billion) to various business sectors during the nine months to December 21, marking a 43.5% growth compared with the same period of last year.
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Publish Date:23/January/2017 | 14:05

Tehran, Baku Mull Integration of Bank Cards

EghtesadOnline: Azerbaijan and Iran have started discussions on the integration of the two countries' bank cards systems, local media reported, citing the Central Bank of Azerbaijan.
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Publish Date:23/January/2017 | 14:00

Call for Promoting Competitive Banking

EghtesadOnline: The governor of the Central Bank of Iran has called for promoting competition in the banking system, cautioning that unhealthy rivalry can lead to unsatisfactory repercussions.
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Publish Date:22/January/2017 | 13:12

CBI Outlines Financial Achievement Post Sanctions

EghtesadOnline: The Central Bank of Iran has published a report detailing the achievements of the country’s nuclear accord with world powers in the banking and monetary sectors, as the country marks the first anniversary of the implementation of the landmark deal.
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Publish Date:20/January/2017 | 20:05

Cabinet Decides on Bank Capital Increase, NPL Fines

EghtesadOnline: Cabinet members have made decisions regarding increasing the capital of public-sector banks, repaying the government's debts and waiving loan repayment fines in their latest meeting on Wednesday.
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Publish Date:20/January/2017 | 20:01

Parliament to Review Banking Bill in Spring

EghtesadOnline: The updated version of the Banking Reform Bill, a blueprint for undertaking major reforms in the banking sector, will at last be taken up in the parliament ‘s spring session, announced the head of Majlis Economic Commission.
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Publish Date:18/January/2017 | 24:59

Private Banks Lending Up 20%

EghtesadOnline: The Central Bank of Iran’s monthly stats show the banking system’s total lending stood at 8.48 quadrillion rials ($215.5 billion at the market exchange rate) by November 20, with private banks and credit institutions accounting for 5.24 quadrillion rials ($133.3 billion) of the total.
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Publish Date:15/January/2017 | 18:56

Albanian banking sector seeks ties with Iran

EghtesadOnline: Albanian Foreign Minister Ditmir Bushati said on Sunday that Albania's banking sector is interested in interaction with the Iranian parties.
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Publish Date:15/January/2017 | 18:43

Iranian banks improving foreign relations in post-sanction era

EghtesadOnline: Vice Governor of Bank Meli Iran for Foreign Exchange Affairs emphasized the fact that Iranian banks are reinforcing international ties in the post-sanctions era, adding that technical, trade and political obstacles still exist.
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Publish Date:14/January/2017 | 15:26

Bank Sepah’s Forex Operations Up 31%

EghtesadOnline: The total value of forex operations conducted by Bank Sepah stood at $3.714 billion during the 10 months to January 3, marking a 31% growth compared with the previous year’s $2.828 billion.
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Publish Date:12/January/2017 | 14:47

54 Projects for Payment Industry Overhaul

EghtesadOnline: The Central Bank of Iran has devised 54 projects and platforms as part of its 2021 Roadmap that outlines an innovative, flexible and strong future for the banking system, announced the bank’s deputy for innovative technologies.
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Publish Date:12/January/2017 | 14:43

Iran Key to Islamic Banking Outreach

EghtesadOnline: For Islamic banking, the opening up of Iran is a huge development, as Iranian banks make up the world’s largest financial system based on Islamic law, with Islamic banking assets totaling $500 billion.
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Publish Date:12/January/2017 | 14:36

Day Bank in transactions with 100 foreign banks

EghtesadOnline: Governor of Iran's Day Bank Ali-Reza Atefifar said on Wednesday that his bank will expand banking relations with 100 foreign banks.
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Publish Date:12/January/2017 | 11:19