Special Committees Reimbursing Depositors of Shadow Banks

EghtresadOnline: Four special committees are pursuing the liquidation of the last remaining illegal credit institutions and their main task is to identify the assets of these entities for auction, a deputy Majlis speaker said.

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Publish Date:12/May/2018 | 11:01

CBI Will Fully Tackle Shadow Banks by Sept.

EghtesadOnline: All illegal credit institutions will be fully organized and sorted out by the Central Bank of Iran and the parliament up to the first half of the next fiscal year in late September, the head of Majlis Economic Commission said.

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Publish Date:03/March/2018 | 10:50

Committee to Help Tackle Shadow Banks

EghtesadOnline: As part of efforts to organize the informal monetary market, particularly the unlicensed credit and financial institutions, a committee is to be formed at the Central Bank of Iran with the sole purpose of dealing with the fallout from these entities going bankrupt.

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Publish Date:04/February/2018 | 07:07

Call for Preventing the Return of Shadow Banks

EghtesadOnline: Organizing the unlicensed credit and financial institutions is among the government's biggest achievement, President Hassan Rouhani announced in a recent TV interview.

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Publish Date:03/February/2018 | 11:39

Intensified Effort to End Shadow Bank Saga

EghtesadOnline: The government, the judiciary and the parliament are ramping up their concerted campaign to put to an end to the saga of illegal credit institutions and increasingly support the thousands of people who have lost their money to them.

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Publish Date:12/November/2017 | 05:30

Initiative to Stem Shadow Banks’ Growth

EghtesadOnline: President Hassan Rouhani has approved a bilateral initiative between the Central Bank of Iran and the Interior Ministry, which will grant the necessary authority to the two entities to prevent the formation of more illegal credit institutions in the future, a deputy interior minister said.

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Publish Date:28/October/2017 | 11:36

IMF Hails Iran Efforts Against Shadow Banks

EghtesadOnline: The International Monetary Fund has hailed efforts by the Central Bank of Iran in curbing the activities of a multitude of unruly credit institutions, which eluded the regulator's oversight for many years and imperiled the stability of the country's financial markets.

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Publish Date:03/October/2017 | 11:44

Banking Reforms Get a Second Wind

EghtesadOnline: The Iranian banking system has been combating a variety of serious problems such as a crippling credit crunch, sky-high non-performing loans and a lower share of the money market caused by the activities of shadow banks.

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Publish Date:16/August/2017 | 09:21

CBI: Shadow Banks on the Way Out

EghtesadOnline: Illegal credit institutions that mushroomed during the tenure of the former administration and whose malevolent effects continue to dog the country’s financial system are on their way out, the governor of the Central Bank of Iran announced.

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Publish Date:06/August/2017 | 14:54

Silver Lining for Shadow Banks

EghtesadOnline: The Monetary and Banking Research Institute for Islamic Banking said troubled financial institutes may transition into legitimate banks.

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Publish Date:16/July/2017 | 07:39

Cabinet Reviews CBI Report on Shadow Banks

EghtesadOnline: In its latest meeting on Wednesday, the Cabinet led by President Hassan Rouhani reviewed a report provided by the Central Bank of Iran on the situation of illegal credit institutions.

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Publish Date:15/July/2017 | 11:40

Majlis Discusses Shadow Banks

EghtesadOnline: Lawmakers on Tuesday had a closed-door meeting with the Governor of Central Bank of Iran Valiollah Seif, as the regulator’s actions had become a talking point in the controversy surrounding unlicensed credit and financial institutions.

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Publish Date:12/July/2017 | 07:51

Parliament Getting Tougher on Shadow Banks

EghtesadOnline: As the heated case of uncertified credit institutions drags on, the parliament has given the Central Bank of Iran until March 2018 to wrap up the case.

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Publish Date:09/July/2017 | 07:46

Liquidity of Iran Shadow Banks Dips Under 10%

EghtesadOnline: The share of uncertified financial institutions in the Iranian market significantly shrunk in the first four years of President Hassan Rouhani’s term, as government policies to organize the informal financial market have borne fruit, the governor of the Central Bank of Iran said.

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Publish Date:30/June/2017 | 24:56

Plan to Organize Iran Shadow Banks

EghtesadOnline: Governor of the Central Bank of Iran has released a statement reassuring the public that the bank is determined to end the lengthy saga of uncertified credit institutions, the news of which resurfaced recently.

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Publish Date:20/June/2017 | 09:48

Risky Banks Under CBI Radar

EghtesadOnline: Central Bank of Iran is using a new system of supervision in which risky banks are being closely monitored at a time when the fallout from shadow banks has beset the financial system, a CBI official said.

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Publish Date:18/June/2017 | 09:02

CBI Credit Line to Protect Shadow Banks’ Depositors

EghtesadOnline: The Central Bank of Iran is bound to protect people’s investments and in line with that, the bank has so far paid 22 trillion rials ($586.6 million) from its resources to Samen al-Hojaj Credit Institution depositors and has guaranteed to pay another 22 trillion rials ($586.6 million) in the future for the merged institution, the CBI governor said.

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Publish Date:17/June/2017 | 07:12

Call for Strict Monitoring of Shadow Banks

EghtesadOnline: First Vice President Es'haq Jahangiri has called on the Central Bank of Iran to strictly deal with illegal financial institutions as part of the government's efforts to crack down on corruption.

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Publish Date:14/June/2017 | 11:41

Majlis Calls for Review of Shadow Banks

EghtesadOnline: Parliament Speaker Ali Larijani has called on Majlis Article 90 Commission, which handles complaints, to follow up the case of two credit institutions.

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Publish Date:11/June/2017 | 10:28

Banking M&A to Mark the End of Iran Shadow Banks

EghtesadOnline: As it strives to relegate the phenomenon of shadow banks to history, the Central Bank of Iran has orchestrated a merger of two such banks into a legitimate one in order to wipe away the last traces of that rogue industry.

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Publish Date:13/March/2018 | 06:25