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Banks’ Fiscal H1 Loan Portfolio at $68b

EghtesadOnline: The Iranian banking system paid out 2.7 quadrillion rials ($67.6 billion) worth of loans to more than four million applicants during the first half of the current Iranian year (March 21-Sept. 22), marking a 16.1% growth compared with the same period of last year.
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Publish Date:23/October/2017 | 09:22

Iran: Interest Rates and the Battle for Deposits

EghtesadOnline: Saturday was the implementation day for the Central Bank of Iran’s latest major directive on bank interest rates, which has already created a momentum in the banking system as lenders are scurrying to absorb the maximum number of deposits.
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Publish Date:04/September/2017 | 07:51

Banks Allowed to Make Forex Market Foray

EghtesadOnline: In line with the general policy of conducting foreign exchange transactions through the banking system rather than exchange shops and stabilizing the market, the Central Bank of Iran is allowing lenders to purchase the hard currency of exporters at open market exchange rates, CBI’s head of exports department said.
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Publish Date:27/August/2017 | 09:27

Rouhani Sends Banking Reform Bills to Parliament

EghtesadOnline: Following an approval by the Cabinet and a presidential endorsement, the twin bills devised by the government to reform the banking system after almost 45 years have now been sent to the parliament.
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Publish Date:20/August/2017 | 09:54

Proposed Economy Minister Pledges Overhaul

EghtesadOnline: Economy minister-designate, Masoud Karbasian, elaborated his plans for the key ministry in parliament on Wednesday, emphasizing that the ministry will join hands with the Central Bank of Iran to resolve issues facing the banking system.
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Publish Date:20/August/2017 | 09:51

Banking Reforms Get a Second Wind

EghtesadOnline: The Iranian banking system has been combating a variety of serious problems such as a crippling credit crunch, sky-high non-performing loans and a lower share of the money market caused by the activities of shadow banks.
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Publish Date:16/August/2017 | 09:21

CBI Underscores Support for Production

EghtesadOnline: The governor of the Central Bank of Iran emphasized the importance of supporting production, referring to the entity he leads and the banking system as the main bodies backing the sector.
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Publish Date:17/May/2017 | 09:27

Iranian Banks to Decide Rates Next Month

EghtesadOnline: When major players of the Iranian banking system next convene in the foreseeable future, addressing the oft-visited dilemma of interest rates will be on top of their agenda, the head of the Association of Private Banks and Credit Institutions announced.
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Publish Date:09/May/2017 | 07:29

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

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

Experts Underscore Central Bank Independence

EghtesadOnline: Iran's economy is bedeviled by a series of major issues arising from decades of mismanagement that has made the banking system bear the brunt as the country's predominant financer, although efforts in the last few years have been made to balance things out.
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Publish Date:27/February/2018 | 07:28

Iran Budget's Banking Measures Approved

EghtesadOnline: Lawmakers on Tuesday passed a number of measures related to the banking system and the National Development Fund of Iran while reviewing articles of the fiscal 2018-19 budget.
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Publish Date:14/February/2018 | 10:04

Iranian Banker Calls for Cryptocurrency Recognition

EghtesadOnline: A senior member at Iran's biggest bank has come out in favor of cryptocurrencies and called for them to be recognized and widely accepted in the banking system.
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Publish Date:07/January/2018 | 10:28

Rate Cut Benefits in Retrospect

EghtesadOnline: A few months into the implementation of a Central Bank of Iran directive that meant changes for the banking system, depositors and markets, the regulator’s deputy for economic affairs has deemed it a successful scheme for giving rise to positive results.
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Publish Date:25/December/2017 | 05:40

Forex ETS to Expedite Iran's Plans for Rate Unification

EghtesadOnline: The Central Bank of Iran’s Exports Department has sought to provide more details on the online gateway recently established for allowing members of the banking system to better trade in foreign currencies, stressing on its importance for unifying the dual foreign exchange rates.
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Publish Date:21/November/2017 | 06:48

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

NPL Volume Rises as Ratio Dwindles

EghtesadOnline: A study of official data pertaining to non-performing loans in the Iranian banking system over the past six years conducted by the Tehran Chamber of Commerce, Industries, Mines and Agriculture has found that even though the ratio of bad loans has decreased in this period, the volume has increased steadily.
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Publish Date:12/November/2017 | 05:25

Iran Launches Forex ETS

EghtesadOnline: The Iranian banking system has established an online gateway that enables members of its interbank foreign exchange market to trade foreign currencies with higher speed and stability.
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Publish Date:04/November/2017 | 06:45

Solutions for Banking Reforms

EghtesadOnline: The Institute for Trade Studies and Research, affiliated with the Ministry of Industries, Mining and Trade, has published a report that proposes short-, mid- and long-term solutions to reform the Iranian banking system.
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Publish Date:20/September/2017 | 09:37