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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

Strong Rise in Bank Maskan’s Mortgage Lending

EghtesadOnline: Bank Maskan, the agent bank of the housing sector and the country’s main mortgage lender, announced a whopping year-on-year increase in the value of mortgages in the first three quarters of the year that ended on December 21.
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Publish Date:01/January/2017 | 05:40

Optimism Over Banks’ Forex Trading

EghtesadOnline: A private-sector representative has welcomed the Central Bank of Iran’s recent decision to allow banks to handle foreign exchange transactions at a free-market rate by calling it a “good opportunity”.
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Publish Date:30/December/2016 | 10:02

Bank Mellat Expands Int’l Operations

EghtesadOnline: Bank Mellat, a leading Iranian privatized bank, has fully established corresponding relations with more than 100 lenders worldwide, said an official of the bank.
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Publish Date:27/December/2016 | 11:12

Winter of Discontent: Iranian Banks and the Need for Reform

EghtesadOnline: The brouhaha surrounding the condition of Iranian banks is valid, as the crisis has been brewing for a long time. Oddly, what has now unfolded due to years of regulatory neglect and mismanagement by lenders has been blamed on an overhaul of the banks’ financial statements ordered by the Central Bank of Iran.
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Publish Date:27/December/2016 | 10:51

MCC Members Approved

EghtesadOnline: The full list of officials comprising the Money and Credit Council–a decision-making body–was announced on Saturday.
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Publish Date:25/December/2016 | 18:14

Regulatory Rebuke for 10 Iranian Banks

EghtesadOnline: The Central Bank of Iran has issued formal warnings to 10 banks for violating interest rates set by the Money and Credit Council, the bank’s deputy for supervisory affairs announced.
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Publish Date:25/December/2016 | 18:13

Iran, Kyrgyzstan to develop banking cooperation

EghtesadOnline: The Governor of the Central Bank of Iran (CBI) Valiollah Seif and Chairman of the National Bank of the Kyrgyz Republic Tolkunbek Abdygulov reviewed ways of boosting bilateral cooperation.
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Publish Date:24/December/2016 | 15:32

EDBI Dealing With 90 Int’l Banks

EghtesadOnline: The Export Development Bank of Iran has rekindled its dealings with 90 international banks after the country reached a nuclear accord with world powers last year, announced the bank’s chief executive.
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Publish Date:22/December/2016 | 11:28

Iran Banks Lending Up 48%

EghtesadOnline: The banking sector lent 3.26 quadrillion rials ($82.7 billion) to 5.3 million applicants during the eight months ending Nov. 20, marking a 48.4% growth compared with the same period of last year, the Central Bank of Iran’s data show.
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Publish Date:22/December/2016 | 11:27