Iran banking system - page 3

EghtesadOnline: President Hassan Rouhani highlighted the role of banks in the country's economy, saying that the unhealthy competition among them should be rectified.

EghtesadOnline: Since the implementation of the nuclear accord with world powers in Jan. 2016, Iranian banking system has engaged in foreign exchange transactions worth over $38 billion, the Central Bank of Iran announced.

EghtesadOnline: A key change in President Hassan Rouhani's Cabinet for his second tenure will potentially impact both state-owned and private lenders, and subsequently influence the outcome of his central promise of reforming the beleaguered banking system.

EghtesadOnline: In the month ending April 20, the government's debts to the banking system, including the Central Bank of Iran, commercial, specialized and private banks, exceeded 2.2 quadrillion rials ($58.3 billion), marking an increase of 21.3% year-on-year.

EghtesadOnline: In order to protect the interests of banks and credit institutions' depositors and shareholders, and maintain the stability and health of banking system, the Central Bank of Iran has set a number of conditions vis-à-vis banks' financial statements whose fulfillment is necessary for shareholders' annual meetings to become viable.

EghtesadOnline: The Iranian banking system paid out 1.01 quadrillion rials ($27 billion) worth of loans to nearly 1.4 million applicants in the first three months of the new Iranian year to June 21, marking an 8.5% growth compared with the same period of last year.