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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

Interest-Free Loans to Help Create Jobs

EghtesadOnline: The Central Bank of Iran is obligated to allocate interest-free loans to socially vulnerable people covered by two main charity organizations, announced the head of Majlis Joint Committee for the sixth five-year development plan (2016-21).
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Publish Date:09/January/2017 | 15:04

NPL Ratio Falls to 11% in H1

EghtesadOnline: The Iranian banking sector’s ratio of non-performing loans stood at 11% by September 20, down from 13.6% in September 20, 2014, the Central Bank of Iran’s governor announced.
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Publish Date:09/January/2017 | 15:01

Individuals, Businesses Taking Big Loans Liable for Taxation

EghtesadOnline: Iran’s National Tax Administration has issued a new directive to the banking system, devising a ceiling for loans and a slew of other banking services for taxing individuals and businesses.
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Publish Date:09/January/2017 | 15:00

Iran's Agro Loans on Par With GDP Share

EghtesadOnline: Based on guidelines approved by the Money and Credit Council, Iranian banks have been obligated to allocate at least 11.6% of their loans to the agriculture sector.
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Publish Date:09/January/2017 | 14:59

Incentives for Green Banks

EghtesadOnline: Iran’s green banks will be introduced during the First Conference on Green Banking in mid-February, the head of the Department of Environment announced on Sunday.
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Publish Date:09/January/2017 | 14:58

Iranian Banker Calls for Bitcoin Use

EghtesadOnline: Tejarat Bank’s chief executive has called for Iranian banks and payment service providers to prepare the grounds for using Bitcoin in the country.
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Publish Date:05/January/2017 | 06:02

Nourbakhsh Banking Innovation Awards Presented

EghtesadOnline: Winners of the Nourbakhsh Banking Innovation Awards were announced during the closing ceremony of the Sixth Conference on E-Banking and Payment Systems in Tehran on Tuesday.
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Publish Date:05/January/2017 | 05:57

Iran, Pakistan to Open Joint Bank in March

EghtesadOnline: A joint bank between Iran and Pakistan will be established and become operational before the current fiscal year is out, announced Iran’s ambassador to the South Asian country.
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Publish Date:05/January/2017 | 05:56

Noor Credit Institution to Become Bank

EghtesadOnline: Noor Credit Institution is planning to increase its capital from the current 3 trillion rials ($7.5 million) to 6 trillion rials ($15 million) and become a bank, said the credit institution’s managing director.
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Publish Date:01/January/2017 | 24:23