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Bank Rating System Still Under Review

EghtesadOnline: The plan to rank Iranian banks on the basis of a new rating system is still under review and will be executed when conditions are agreeable, the director general for supervision over banks and credit institutions at the Central Bank of Iran said.
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Publish Date:11/July/2017 | 07:29

Surge in BMI Interest-Free Loans

EghtesadOnline: Bank Melli Iran has provided over four million Qarzol-Hassaneh (interest-free) loans worth 87 trillion rials ($2.3 billion) in the past four years, the bank’s website announced.
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Publish Date:11/July/2017 | 07:25

Bank Mellat’s Seoul Branch Resumes Operations

EghtesadOnline: Bank Mellat has officially restarted work in South Korea through its branch in Seoul, Iran’s ambassador to the East Asian nation announced.
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Publish Date:09/July/2017 | 07:44

Sina Linking Up With Foreign Banks

EghtesadOnline: Sina Bank has established correspondent relations with 25 internationally recognized banks to benefit from their international experience and provide better services to customers, the bank’s website reported.
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Publish Date:05/July/2017 | 09:33

BMI Slimming Down

EghtesadOnline: Bank Melli Iran is set to gradually shed its excess assets currently worth 27 trillion rials ($714 million) after the clearance of legal hurdles, BMI’s deputy for logistics announced.
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Publish Date:04/July/2017 | 07:41

Tejarat Bank’s Norway Presence Denied

EghtesadOnline: The Royal Norwegian Embassy in Tehran has denied a recent report suggesting that Iran’s Tejarat Bank is to open a branch in the Nordic country.
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Publish Date:30/June/2017 | 13:09

Tejarat Bank Promoting Transparency

EghtesadOnline: Tejarat Bank ranks first in adhering to transparency standards, according to data released by Majlis Research Center, the bank’s chairman announced.
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Publish Date:24/June/2017 | 08:30

Bank Loans Up 16%

EghtesadOnline: Iranian banks doled out loans worth 569.7 trillion rials ($15.1 billion) to economic sectors during the first two months of the new Iranian year (ended May 21), registering a growth of 16% compared with the same period of the previous year.
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Publish Date:21/June/2017 | 08:21

Ayandeh Bank Financing SMEs

EghtesadOnline: Ayandeh Bank is set to provide 3 trillion rials ($80 million) in loans to small- and medium-sized enterprises by the end of the current Iranian year (March 20, 2018), the bank’s website has announced.
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Publish Date:16/June/2017 | 08:49

Bank Melli Iran to Set Up Debt Collection Agency

EghtesadOnline: Bank Melli Iran, the country's largest commercial lender, is set to establish a company tasked with recovering its non-performing loans, announced a member of the state-owned bank's board of directors.
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Publish Date:13/June/2017 | 05:56

Funding Priorities of Iran Banks Notified

EghtesadOnline: The Central Bank of Iran has notified the lending priorities of the banking system for the current fiscal year (started March 21), outlining the roadmap for lenders as they seek to support business and industries still reeling from a biting recession that hit nearly all economic sectors.
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Publish Date:11/June/2017 | 06:27

Capital Boost Lowers Bank Maskan Risk

EghtesadOnline: Recent measures taken by the administration of President Hassan Rouhani to thicken the capital cushion of state-owned banks have reduced the deposit risk of the housing sector’s agent bank, a member of the Parliamentary Committee on Civil Affairs said.
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Publish Date:10/June/2017 | 10:59

Support for Bank Mergers

EghtesadOnline: The merger of distressed small financial institutions with major banks will help solve the sector’s problems, the director of research department at the Banking and Monetary Institute said.
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Publish Date:03/June/2017 | 08:11

Iran Set to Connect With Top Malaysian Banks

EghtesadOnline: After the lifting of some of Iran's sanctions following the nuclear accord, the country's banking system connected with small Malaysian banks though there are still no ties with major lenders, the head of Iran's Chamber of Commerce, Industries, Mines and Agriculture said in a meeting with Malaysia's ambassador to Iran on Wednesday.
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Publish Date:03/June/2017 | 08:10

Bank Melli Tapping $1b of NDFI Resources

EghtesadOnline: Bank Melli Iran, the nation’s biggest bank, has been allowed to draw up to $1 billion from the foreign exchange resources of the National Development Fund of Iran to support production, the bank’s deputy for credit affairs announced.
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Publish Date:31/May/2017 | 09:38

Bank Mellat Launches Anti-Fraud Software

EghtesadOnline: Bank Mellat–a lender with extensive experience in designing and implementing banking software systems—has launched a fraud detection software that will promote the security of its digital transactions, said a deputy economy minister.
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Publish Date:30/May/2017 | 08:02

Bankers to Decide on Interest Rates Soon

EghtesadOnline: The chief executives of state-owned and private banks will reportedly convene on June 7 to decide about bank interest rates for the period leading to the end of the current Iranian year (March 20, 2018).
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Publish Date:30/May/2017 | 08:00

Parliamentary Commission Supports Merger of Banks

EghtesadOnline: As the possibility of mergers in the Iranian banking system strengthens, a senior lawmaker has lent his support to the proposed measure, saying the move could help banks upgrade to international standards.
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Publish Date:30/May/2017 | 07:59

Iranian Banks Shedding Excess Property

EghtesadOnline: The process of banks getting rid of their excess assets is gathering pace with Bank Refah Kargaran becoming the latest lender to auction its assets through the Company for Selling Banks' Excess Assets –aka Fam.
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Publish Date:28/May/2017 | 08:01