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Iranian Banks' L/C Boom in Post-Sanctions Era

EghtesadOnline: The Ministry of Economy has published the details of letters of credit and banking guarantees that Iranian banks allocated over the past few years, which marks the progress of these banks after economic sanctions against Iran were lifted.
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Publish Date:09/April/2017 | 08:22

Foreign Assets of Banks Up 6%

EghtesadOnline: Data released by the Central Bank of Iran for the month ending January 19 put banks’ total foreign assets at 2.3 quadrillion rials ($61.5 billion) by January 19, marking a 6% growth compared with the same period of last year.
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Publish Date:19/March/2017 | 10:09

ICCIMA Chief Advocates Mergers in Banking Sector

EghtesadOnline: Iran's economy does not have the capacity for so many banks and credit institutions and hence the idea of merging them should be considered, the head of Iran Chamber of Commerce, Industry, Mines and Agriculture said during the last meeting of ICCIMA in the current Iranian year (ending March 20).
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Publish Date:14/March/2017 | 15:59

Komijani Downplays Banking Woes

EghtesadOnline: The Iranian banking system is not bankrupt, contrary to some reports and the Central Bank of Iran is in control, the vice governor of CBI said.
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Publish Date:12/March/2017 | 14:46

Banks Urged to Pursue Profitability, Transparency

EghtesadOnline: In order to have a healthy bank, branch managers ought to ensure the bank's profitability while abiding by the law and observing transparency. Farshad Heydari, the Central Bank of Iran's deputy for supervisory affairs, made the announcement at a ceremony honoring successful bank and credit institution managers.
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Publish Date:19/February/2017 | 14:40

Banks’ Return Continue to Play Havoc With TSE

EghtesadOnline: Tehran Stock Exchange’s benchmark index TEDPIX gave up 634 points or 0.8% for the week that ended February 1 to close at 77, 415.
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Publish Date:04/February/2017 | 09:15

Bank Pasargad Among Banker Mideast Top 10

EghtesadOnline: The Banker’s Top 500 Banking Brands rankings for 2017 have been announced with five Iranian banks making it into the Top 500, mainly as a result of Brand Finance’s ability to include accurate revenues in its valuations on the country this year.
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Publish Date:04/February/2017 | 05:43

Iranian Gov't Confirms $3.7b for Debt Clearance of Banks

EghtesadOnline: As part of a new presidential directive approved by the Cabinet, the Planning and Budget Organization of Iran has been permitted to clear a portion of the government's debts to the banking system.
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Publish Date:31/January/2017 | 13:46