tag Iran banks

Bank Penalty Waiver Back on Agenda

EghtesadOnline: Governor of the Central Bank of Iran Abdolnasser Hemmati has responded to a letter sent by the President of Iran Chamber of Commerce, Industries, Mines and Agriculture Gholamhossein Shafei who had called for reviving the penalty waiver for bank debtors included in the Budget Law for the fiscal 2018-19.
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Publish Date:27/August/2018 | 04:20

$1.13b in Loans for Knowledge-Based Firms

EghtesadOnline: Iran’s banks and credit institutions allocated a total of 50 trillion rials ($1.13 billion) to knowledge-based firms in a little more than one year, the Central Bank of Iran announced.
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Publish Date:31/July/2018 | 04:59

Iranian Banks Downsizing Branches

EghtesadOnline: Iran’s banks and credit institutions have continued the process of reducing their local branches in the past three months, according to latest numbers disclosed by the Central Bank of Iran, although the overall decrease is not significant.
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Publish Date:21/July/2018 | 06:30

Structural Reforms in Banks to Help Ensure Fiscal Stability

EghtesadOnline: The second and final day of the Conference on Monetary and Foreign Exchange Policies came to a close in Tehran on Wednesday after focusing on structural reforms, mostly in the banking system, with the aim of achieving fiscal stability.
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Publish Date:23/June/2018 | 06:48

Need for Banks to Support Entrepreneurship

EghtesadOnline: A lawmaker called for the establishment of specialized banks tasked with facilitating entrepreneurial development.
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Publish Date:18/June/2018 | 04:49

Banks Reclaiming TM Arrears

EghtesadOnline: Chief executives of some of Iran's biggest banks have met with the newly-elected mayor of Tehran, Mohammad Ali Afshani, to reach agreement on reclaiming billions of dollars in liabilities owed by Tehran Municipality.
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Publish Date:12/June/2018 | 05:44

Iran Banks Allowed to Purchase Foreigners’ Hard Currency

EghtesadOnline: The Central Bank of Iran has allowed lenders to purchase the hard currency held by foreign tourists, transit drivers, foreign diplomatic missions based in Iran and representative offices of foreign banks.
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Publish Date:13/May/2018 | 09:22

Loans Worth $870m for Innovative Firms

EghtesadOnline: The Iranian banking network paid 37.5 trillion rials ($870 million) to 218 knowledge-based companies during the previous Iranian year (March 2017-18).
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Publish Date:29/April/2018 | 09:26

Banks to Present IFRS-Based Balance Sheets by June

EghtesadOnline: All Iranian banks officially listed in the capital market will devise and present their balance sheets as per the International Financial Reporting Standards, according to the CEO of the state-run Export Development Bank of Iran.
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Publish Date:28/April/2018 | 05:34

Banks to Support Domestic Production

EghtesadOnline: Secretary of the Association of Banks and Private Institution said banks have agreed on a number of schemes to support domestic production.
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Publish Date:28/April/2018 | 05:12

Banks to Compensate Currency Needs for Essential Goods

EghtesadOnline: Iran’s First Vice President Es’haq Jahangiri on Wednesday sought to reassure importers that their currency requirements will be fully met by the government and spoke of the banking system’s new mandate.
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Publish Date:28/April/2018 | 05:07

Banks Faring Well

EghtesadOnline: The Iranian Association of Private Banks and Credit Institutions has released a statement, assuring the public that banks and credit institutions are well-regulated by the Central Bank of Iran.
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Publish Date:08/April/2018 | 08:54

Two Banks’ Return to TSE Triggers Turmoil

EghtesadOnline: The long wait finally came to an end on Wednesday, as two major banks’ frozen stock tickers reopened on Tehran Stock Exchange after a year and a half.
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Publish Date:17/March/2018 | 07:58

Banks Extend Loans Worth $106 Billion in 11 Months

EghtesadOnline: The Central Bank of Iran has released its latest report on loans allocated by lenders, which show that the services sector again attracted the highest share while a majority of loans were doled out for providing working capital.
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Publish Date:17/March/2018 | 07:47

Major Consolidation to Create Stronger Banks

EghtesadOnline: A new wave of mergers and acquisitions in Iran’s banking industry is aimed at creating bigger, stronger and more efficient banks, a top official at the Central Bank off Iran said.
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Publish Date:14/March/2018 | 06:12

Iran Banks Urged to Enforce AML/CFT Measures

EghtesadOnline: The Central Bank of Iran has called on the banking system to enforce anti-money laundering and combating the financing of terrorism measures by establishing strong compliance departments.
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Publish Date:13/March/2018 | 07:11

Compliance Training for Banking Delegates

EghtesadOnline: Twelve delegates from Iranian banks completed a two-day workshop organized by the International Compliance Association to receive the internationally-recognized ICA Certificate in Compliance in London, the world’s financial capital.
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Publish Date:13/March/2018 | 06:48

Banks, Petrochems Dominate List of Iran’s Largest Companies

EghtesadOnline: Iran’s Industrial Management Institute released on Sunday the list of 500 largest Iranian companies, according to which, banks generated the highest revenues as petrochemical companies earned the highest net profit during the fiscal year that ended on March 20, 2017.
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Publish Date:24/February/2018 | 09:45

Iran Bank Loans Top $100b in 10 Months

EghtesadOnline: Banks and credit institutions doled out more than 4.62 quadrillion rials ($102.66 billion) in loans to various sectors of the economy during the first 10 months of the current fiscal year to Jan. 20, the latest data by the Central Bank of Iran show.
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Publish Date:24/February/2018 | 06:43