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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

CI: Gov't Arrear Repayment to Invigorate Iranian Banks

EghtesadOnline: In its latest analysis of the Iranian banking sector, Capital Intelligence, the international ratings agency, noted that the repayment of government arrears to banks and the private sector is an urgent priority for Iranian banks to lift their weak capital adequacy ratios and allow their financing capacity to improve.
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Publish Date:20/December/2017 | 07:12

Iranian Banks' Foreign Assets Up 14.2%

EghtesadOnline: The total value of Iranian banks' foreign assets stood at 2.69 quadrillion rials ($64.33 billion) by Oct. 22 to register an increase of 14.2% compared with the same period of last year.
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Publish Date:19/December/2017 | 05:30

Iranian Banks’ Incomes, Expenses Projected for 2018-19

EghtesadOnline: The total projected income of eight Iranian state-owned banks, plus the Central Bank of Iran, has been put at 845.2 trillion rials ($20.09 billion) in the budget bill submitted to the parliament by President Hassan Rouhani, indicating an annual rise of more than 86 trillion rials ($2.04 billion) in revenue for the fiscal 2018-19.
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Publish Date:11/December/2017 | 08:05

Government Proposes Trilateral Debt Swap

EghtesadOnline: The government has proposed a trilateral swap deal among the state, private contractors and banks to help ease its debt burden.
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Publish Date:20/November/2017 | 06:56

Iranian Banks Closer to Opening Munich, Austria Branches

EghtesadOnline: Iranian banks are expected to open their first branches in Munich as early as the next few months while the next stop is Austria, the secretary-general of Tehran Chamber of Commerce, Industries, Mines and Agriculture in Vienna announced late Thursday, saying this will resolve many trade issues.
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Publish Date:18/November/2017 | 07:59

Iranian Banks' Term Deposits Up Despite Rate Cuts

EghtesadOnline: The total volume of term deposits attracted by the Iranian banking system in the six months to September 22 has hit 11.36 quadrillion rials ($275.4 billion), which indicate a growth of 25.5% year-on-year.
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Publish Date:15/November/2017 | 10:05

Framework of Iranian Banks’ Corporate Governance

EghtesadOnline: As the Iranian banks move to connect to their international peers, some fundamental structural reviews are called for in order to strengthen their corporate governance and realign their organizational structure to ensure they are in line with the latest global standards.
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Publish Date:05/November/2017 | 10:11

Deadline for Ending Lenders’ Non-Banking Ventures

EghtesadOnline: Minister of Economic and Finance Affairs Masoud Karbasian announced that Iranian banks have about eight months to end their non-banking activities for which they have constantly come under fire.
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Publish Date:31/October/2017 | 06:14

Bank Ratings Coming in October

EghtesadOnline: Governor of the Central Bank of Iran Valiollah Seif has announced that the ratings of Iranian banks by a state-run entity will soon be publicized, which for the first time will give customers a criterion to use official rankings when assessing lenders.
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Publish Date:18/September/2017 | 05:18

Productivity Protocols for Banks

EghtesadOnline: The National Iranian Productivity Organization, which works toward the promotion of productivity in various economic sectors, will help Iranian lenders maximize their efficiency, the head of the organization announced.
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Publish Date:17/September/2017 | 05:12

Major European Banks Getting Cozier With Iranian Peers

EghtesadOnline: The multibillion dollar South Korean deal to finance Iranian projects and the recent agreement between major Iranian private banks and their South Korean counterparts to boost correspondent ties have prodded top international lenders to strengthen their ties with Iranian banks.
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Publish Date:13/September/2017 | 11:57