Iran banks - page 2

tag Iran banks

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.
|
Publish Date:24/February/2018 | 06:43

Iranian Banks Buying Qatar Export Riyals

EghtesadOnline: Iranian banks have started buying Qatar’s riyal from exporters of goods and services to the Persian Gulf emirate, director general of Trade Promotion Organization for Iran’s Arab-African affairs said.
|
Publish Date:13/February/2018 | 07:44

Call for Overhauling Bank Income Structure

EghtesadOnline: The regressive structure of Iran’s bank income and fee system will only entail higher costs for the lenders already facing a hefty credit crunch, a senior banker said.
|
Publish Date:07/February/2018 | 06:54

Full Privatization of 3 Major Iranian Banks on Agenda

EghtesadOnline: Iran Privatization Organization, the state-run entity overseeing the sale of state-owned companies, plans to divest the remaining stake of the government in major privatized lenders and thereby make them "completely private", an official with IPO told Financial Tribune.
|
Publish Date:21/January/2018 | 09:43

Italian Holding to Sign €5b Investment Deal With Banks

EghtesadOnline: Iran and Italy will on Thursday sign a framework credit agreement worth €5 billion whereby Rome will help Italian companies invest in Iran, an Italian Treasury source said on Wednesday.
|
Publish Date:14/January/2018 | 24:07

Banks Barred From Managing Investment Funds

EghtesadOnline: Following a directive issued by the board members of Securities and Exchange Organization for all financial entities under its supervision, banks and non-bank credit institutions are barred from holding management positions in investment funds.
|
Publish Date:14/January/2018 | 09:34

Banks Focus on Revamping Urban, Rural Quarters

EghtesadOnline: The Association of Private Banks and Credit Institutions has reached an agreement with its sister club of state-owned lenders to direct the bulk of their credits toward the revitalization of distressed urban and rural areas, the secretary-general of the association said.
|
Publish Date:14/January/2018 | 08:35

Cooperation of Banks, Fintechs Welcome

EghtesadOnline: Banks need to work closely with financial technology firms, which would foster job growth, the head of the Association of Public-Sector Banks and CEO of Bank Melli Iran said.
|
Publish Date:14/January/2018 | 08:18

Plan to Monitor Banks’ IT Performance

EghtesadOnline: The Monetary and Banking Research Institute, affiliated with the Central Bank of Iran, has in the works a new plan to exert constant supervision over the performance of banks in terms of information technology and communications, the head of research group at the institute said.
|
Publish Date:14/January/2018 | 08:02

Banks Suffering Losses in E-Transactions

EghtesadOnline: Iranian banks’ revenues from electronic payment fees do not exceed 30 trillion rials ($681 million) each year and account for only 17% of their total earnings, the Central Bank of Iran’s deputy for innovative technologies announced.
|
Publish Date:14/January/2018 | 07:51

Surplus Property Auctions to Boost Banks’ Capital

EghtesadOnline: Economy Minister Masoud Karbasian has said the resources required for extending marriage loans will be provided by selling the excess assets of banks through auctions, as their capital has increased by 240 trillion rials ($5.4 billion) in the past few months from this source.
|
Publish Date:14/January/2018 | 07:48

8 Bank to Offer Cheap Loans for Rural Employment

EghtesadOnline: Since the beginning of the current Iranian year (started March 21, 2017), the government has taken a few measures, including the “Comprehensive Employment Scheme”, to promote entrepreneurship projects in small cities and rural areas through the allocation of cheap loans from banks’ resources, an official with the Ministry of Cooperatives, Labor and Social Welfare announced.
|
Publish Date:10/January/2018 | 24:35

Iranian Banks Link Up With 286 Foreign Peers

EghtesadOnline: Close to two years after the Joint Comprehensive Plan of Action was signed, the Iranian banking system has regained the lost ground and established 808 correspondent banking relations with 286 foreign banks.
|
Publish Date:07/January/2018 | 10:30

Banks Urged to Go Easy on Borrowers

EghteadOnline: First Vice President Es’haq Jahangiri called on the chief executives of banks to be more lenient on borrowers when demanding collaterals and loan guarantees.
|
Publish Date:19/December/2017 | 05:28

6 Iranian Banks to Auction Excess Properties by January

EghtesadOnline: Six Iranian lenders are planning to rid themselves of their excess properties by staging four auctions from Dec. 22 to Jan. 5, 2018, the head of the Company for Selling Banks’ Excess Assets, aka Fam, announced.
|
Publish Date:13/December/2017 | 13:31

Iranian Banks Shed $3.5b in Excess Assets

EghtesadOnline: As part of the government’s plan for lenders to do away with excess assets and become more agile, more than 150 trillion rials ($3.5 billion) worth of bank properties have been sold during the fiscal 2016-17, the economy minister said.
|
Publish Date:10/December/2017 | 13:19

Banks Urged to Help Quake Victims

EghtesadOnline: Central Bank of Iran’s Vice Governor Akbar Komijani appealed to the country’s banking system to help the victims of Kermanshah’s recent earthquake and fulfill their corporate social responsibility.
|
Publish Date:25/November/2017 | 11:31

Iranian Banks Lend $76b to 5 Million Applicants

EghtesadOnline: The Iranian banking system paid out loans worth 3.13 quadrillion rials ($76.48 billion) to nearly 5 million applicants in the first seven months of the current Iranian year to Oct. 22, marking a 12.6% growth compared with the same period of last year.
|
Publish Date:18/November/2017 | 15:28

Iranian Banks Eye Belgium Branches

EghtesadOnline: A number of Iranian banks have declared their interest in opening branches in Belgium, which goal is expected to materialize with the help of both countries.
|
Publish Date:06/November/2017 | 06:24