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Rules Easing Bank Debtors’ Travel Welcome

EghtesadOnline: A member of Tehran Chamber of Commerce, Industries, Mines and Agriculture has welcomed the rules easing travel for bank debtors, noting that executive bodies should understand the fact that the economy experienced a challenging period that damaged small business owners.
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Publish Date:01/February/2017 | 15:12

CBI Oversight Plan Closer to Implementation

EghtesadOnline: The main component of the Central Bank of Iran’s grand plan to overhaul its financial oversight regime has been presented to the Money and Credit Council for final approval, an advisor to the central bank governor said.
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Publish Date:01/February/2017 | 15:11

Iranian bank links with 118 foreign partners post-JCPOA

EghtesadOnline: With the west-imposed sanctions lifted, Export Development Bank of Iran has established broker relations with over 118 banks worldwide, IRIB reported on Monday quoting managing director of the bank.
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Publish Date:31/January/2017 | 10:48

Tax Debt Rules for Loan Applicants Eased

EghtesadOnline: Iran’s National Tax Administration has issued a directive based on which legal entities and individuals can receive higher amounts of bank credits without having to first clear their tax debts.
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Publish Date:30/January/2017 | 15:18

Gov’t Raises Bank Melli Capital by $2.4b

EghtesadOnline: In the latest plan to increase the capital of Iranian public-sector banks, Bank Melli Iran will receive almost half the total amount considered for the plan, the bank’s CEO revealed.
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Publish Date:29/January/2017 | 13:23

Call for Promoting Competitive Banking

EghtesadOnline: The governor of the Central Bank of Iran has called for promoting competition in the banking system, cautioning that unhealthy rivalry can lead to unsatisfactory repercussions.
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Publish Date:22/January/2017 | 13:12

Private Banks Lending Up 20%

EghtesadOnline: The Central Bank of Iran’s monthly stats show the banking system’s total lending stood at 8.48 quadrillion rials ($215.5 billion at the market exchange rate) by November 20, with private banks and credit institutions accounting for 5.24 quadrillion rials ($133.3 billion) of the total.
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Publish Date:15/January/2017 | 18:56

Iranian banks improving foreign relations in post-sanction era

EghtesadOnline: Vice Governor of Bank Meli Iran for Foreign Exchange Affairs emphasized the fact that Iranian banks are reinforcing international ties in the post-sanctions era, adding that technical, trade and political obstacles still exist.
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Publish Date:14/January/2017 | 15:26

Day Bank in transactions with 100 foreign banks

EghtesadOnline: Governor of Iran's Day Bank Ali-Reza Atefifar said on Wednesday that his bank will expand banking relations with 100 foreign banks.
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Publish Date:12/January/2017 | 11:19

Incentives for Green Banks

EghtesadOnline: Iran’s green banks will be introduced during the First Conference on Green Banking in mid-February, the head of the Department of Environment announced on Sunday.
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Publish Date:09/January/2017 | 14:58

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

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

Banks Lending to Economic Sectors Up 21% in 2 Months

EghtesadOnline: The Central Bank of Iran has published its latest report on the lending portfolio of banking system, which shows that all banks and credit institutions doled out a total of 689.5 trillion rials ($16.23 billion) to various sectors in the first two months of the current fiscal year (started March 21).
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Publish Date:23/June/2018 | 06:33

New Capital Guidelines for Iranian Banks

EghtesadOnline: The Central Bank of Iran has released new guidelines for the way banks' capital adequacy ratios are calculated.
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Publish Date:29/April/2018 | 09:23

Forex Rate Unification Strengthens Iran Banks

EghtesadOnline: As Iran moves to unify its exchange rates, the government has announced new policies that give the banking system the prime role in the foreign exchange market.
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Publish Date:15/April/2018 | 09:52

Iranian Banks Allowed to Guarantee Investments in Oman

EghtesadOnline: The Central Bank of Iran has allowed lenders to issue guarantees for Iranian businesses planning to invest in Oman or those who seek to take out loans from Omani banks, the head of Iran-Oman Chamber of Commerce announced.
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Publish Date:17/March/2018 | 07:30

Rating of Iranian Banks to Be Made Public

EghtesadOnline: The controversial and pending case of illegal credit institutions in Iran has seemingly prompted the administration to make a U-turn regarding its previous scheme to rate certified financial institutions.
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Publish Date:04/March/2018 | 08:40

Iranian Banks Link Up With More Int’l Peers

EghtesadOnline: Iran has established banking relations with close to 300 foreign banks two years after the landmark nuclear deal with world powers, the Central Bank of Iran announced.
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Publish Date:13/February/2018 | 07:35

High Real Interest Rates Disadvantage Banks

EghtesadOnline: Iranian banks still have to pay high interests on their deposits while their income from loan allocations has dropped significantly due to a serious credit crunch, increasing their losses and ruining the balance of their financial statements.
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Publish Date:21/January/2018 | 08:49