Banks
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Financial Institutions Can Offer E-Wallets
EghtesadOnline: Banks and non-bank credit institutions can offer electronic wallets to help facilitate micro transactions, says the Money and Credit Council, the highest supervisory and regulatory…
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Banks Instructed to Allot 3% of Resources for Bond Buying
EghtesadOnline: The Money and Credit Council, the top monetary decision-making body, has obliged banks to allocate at least 3% of their financial resources to buy bonds issued by the government.…
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Iranian Fintechs Propose a Way Out of Payment Fee Quandary
EghtesadOnline: Iran’s Fintech Association has proposed a new fee system for online payment in which payment aggregators and payment service providers cover the network fees, which are currently…
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CBI Wants Banks to Buy Bonds
EghtesadOnline: Governor of the Central Bank of Iran says lenders should use a fraction of their financial reserves to buy bonds issued by the government.
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Central Bank of Iran Demands: Balancing Act of Banks
EghtesadOnline: Governor of Central Bank of Iran says the bank has been struggling to reform the banking system long saddled with mismanagement and financial indiscipline.
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Banks to Use Justice Shares as Collateral for Loans: HCSE
EghtesadOnline: Banks will start issuing credit cards for owners of the so-called Justice Shares in the coming week, using the shares as collateral, a member of the High Council Securities and…
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Iran: New Interest Rates Unattractive
EghtesadOnline: New interest rates announced by the Money and Credit Council have failed to convince depositors to park their money in banks, secretary-general of the Iranian Private Banks' Associatio…
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Banks Told to Shed Assets, Fix Balance Sheets
EghtesadOnline: Governor of the Central Bank of Iran Abdolnasser Hemmati has again called on lenders to tap into the stock market to improve their books and balance sheets.
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Iran Gov’t Will Sell Stakes in Banks
EghtesadOnline: The government will launch one of its biggest schemes to divest banks’ non-financial assets in the coming week, a deputy minister of economy said.
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Loans to Businesses Up 26%
EghtesadOnline: Banks lent 9,750 trillion rials ($62.9 billion) to businesses in the last fiscal year (March 2019-20), which was up by 2,012 trillion rials or 26% compared to the year before.…
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Banks Count $1.1b in Bad Checks in 1 Month
EghtesadOnline: The number of bounced checks jumped in the month to March 19, marking the end of last fiscal year when the coronavirus spread in Iran hammering businesses in a way unseen in decades.…
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Banks Debt to CBI Down 25%
EghtesadOnline: Debs of banks and credit institutions to the Central Bank of Iran declined 25.6% year-on-year to Dec. 21.
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Banks Ostensibly Have Enough Liquidity
EghtesadOnline: During the last round of open market operation by Central Bank of Iran Wednesday, none of the lenders put up their bonds on offer, indicating they are not now in need of liquidity.
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2 Businesses Top List of Borrowers
EghtesadOnline: A CBI report shows that more than half of the loans given by Iranian banks and credit institutions were in the form of civil partnership and installment sale contracts.
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Banks Not Doing Enough to Help Exporters
EghtesadOnline: Head of the Export Guarantee Fund of Iran has criticized the poor performance of banks in supporting export-based companies, recalling that robust financial support for export…
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Italian Banks Single Out Iranians
EghtesadOnline: Several Italian banks have closed or imposed restrictions on accounts held by Iranians citing the US sanctions, and in the process creating financial difficulties for those affected.
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Bad Checks Under Scrutiny
EghtesadOnline: The Central Bank of Iran in a directive has ordered banks and credit institutions to send it the names of the checkbook holders who have had more than 20 bounced checks times.
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Banks $16 Billion in the Red
EghtesadOnline: Banks and credit institutions owed the Central Bank of Iran 2,085 trillion rials ($16 billion), by the end of the eighth month (November 21) of current Iranian fiscal year that…
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Banks Sell Surplus Property, Generate $1 Billion
EghtesadOnline: Banks and credit institutions have sold property and non-financial assets worth 150 trillion rials ($1.1 billion) since the beginning of current fiscal year in March 2019, said…
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Banks Unwilling to Lend
EghtesadOnline: From the beginning of fiscal 2018-19 up until September, the loan-to-deposit ratio has been of the descending order indicating that banks are exercising extra caution when it…
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Iran: Bank Deposits Rise 30% in 1 Year
EghtesadOnline: Deposits with Iranian banks and credit institutions have been rising over the past year to reach 23,493.9 trillion rials ($181.4 billion as per current exchange rates) by the…
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Iranian Banks Install New ATMs
EghtesadOnline: The number of ATMs in Iran reached 58,442 by the end of November, which shows banks installed more than 1,800 new devices in one year to meet increasing demand for services out…
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Banks Lend $40b in 8 Months
EghtesadOnline: Banks and credit institutions paid 5,313 trillion rials ($40.8 billion) in loans in the first eight months of current fiscal year to Nov.21.
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Iranian Banks Streamlining Operations Before Merger
EghtesadOnline: An unprecedented bank merger is underway in Iran since last March in which five banks and credit institutions affiliated to military organizations are being merged with the state-owned…
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Tehran Stock Market Will Help Liquidate Surplus Assets of Banks
EghtesadOnline: The government is piling pressure on banks to put an end to their non-bank businesses by getting rid of surplus assets. The push appears to gain momentum in recent weeks as the…
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Iranian Banks More Inclined to Borrow From Interbank Market
EghtesadOnline: Banks have significantly cut borrowing from the Central Bank of Iran as the numbers declined more than 40% compared to the same period last year, the CBI governor said.
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Plan to Shed Surplus Assets of Banks Worth $1.3 Billion
EghtesadOnline: Economy Minister Farhad Dejpasand unveiled an online system that tracks surplus assets owned by banks and credit institutions.
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Banks Will Lend $8.3b to Help Raise Production
EghtesadOnline: The Central Bank of Iran, as part of a plan called "Productive Working Capital" has assigned a number of banks to lend 1,000 trillion rials ($8.3 billion) to productive businesses…
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Iranian Banks Increasing Deposits
EghtesadOnline: More than 22,630.7 trillion rials ($191 billion) in deposits were held by banks and credit institutions during the month to August 22, according to a Central Bank of Iran report.
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Banks Shutter 438 Branches in 7 Months
EghtesadOnline: Data from the Central Bank of Iran shows lenders are working to cut extra and unwanted branches over the past two quarters.