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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

Tehran, Moscow Explore Setting Up Islamic Bank

EghtesadOnline: Russia and Iran are exploring the establishment of an Islamic bank as the two countries expand economic cooperation, TASS news agency cited Russian Energy Minister Alexander Novak as saying.
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Publish Date:17/December/2016 | 10:25

Iran, Kazakhstan call for lifting banking, visa barriers

EghtesadOnline; During The 15th session of the Joint Commission of Economic, Trade, Scientific, Technological, and Cultural Cooperation between Iran and Kazakhstan, Iranian and Kazakh governmental and private sector activists urged removal of banking and visa waiver problems.
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Publish Date:12/December/2016 | 18:07

Nahavandian outlines talks in Europe on banking issues

EghtesadOnline: Iran's Presidential Chief of Staff Mohammad Nahavandian said he stressed the need for pacing up measures to remove banking obstacles with Switzerland and Sweden during his visits to both countries.
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Publish Date:10/December/2016 | 14:44

Nahavandian meets with Swiss bankers

EghtesadOnline: Presidential Chief of Staff Mohammad Nahavandian discussed issues of mutual interest with members of Swiss Bankers Association on Thursday.
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Publish Date:09/December/2016 | 08:47