Credit Institutions
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5 Armed Forces-Linked Banks to Merge
EghtesadOnline: The Central Bank of Iran said Saturday that plans for merging five banks and credit institutions affiliated to armed forces with the state-owned Bank Sepah is in motion.
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Bonds to Be Accepted as Collateral by Iran Banks
EghtesadOnline: The Central Bank of Iran has sent a directive to banks and credit institutions obliging agent banks to accept Islamic bonds as collateral from contractors of development projects.
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Iran Banks Scrap Overnight Interest Rates
EghtesadOnline: A new decision approved by the Money and Credit Council obliges banks and credit institutions to pay interest on deposits on a monthly basis, calculating the minimum balance in…
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Iranian Banks Lend $27 Billion in 7 Months
EghtesadOnline: Iranian banks and credit institutions lent 3.58 quadrillion rials ($27.33 billion) to various sectors during the first seven months of the current fiscal that ended on October…
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CBI Frets Over Debt of Non-Gov’t Banks
EghtesadOnline: The Central Bank of Iran in its latest report said debts of banks and credit institutions to the CBI totaled 1.5 quadrillion rials ($11.32 billion) in the calendar month September…
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Iranian Banks Lending More to Services, Industrial Sectors
EghtesadOnline: Banks and credit institutions lent 3.03 quadrillion rials ($22.13 billion) to various sectors during the first six months of the current fiscal that ended on September 22, the…
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Iran Parliament Sets Rules for Establishing Financial, Credit Institutions
EghtesadOnline: Those wanting to establish business in the monetary market, namely establishing credit institutions, setting up branches and offices, attracting public deposits in any form, offering…
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Iranian Banks Lend $16.8 Billion in 5 Months
EghtesdaOnline: Banks and credit institutions allocated 2.4 quadrillion rials ($16.82 billion) to various sectors during the first five months of the current fiscal that ended on August 22, the…
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Liquidity Trend Bodes Ill for Bank Lending
EghtesadOnline: A look at the balance sheets of Iranian banks and credit institutions shows that their capacity to create money and allocate credit has been significantly influenced by the current…
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Bank Branches in Iran Double Mena’s Average
EghtesadOnline: A new report by Tehran Chamber of Commerce, Industries, Mines and Agriculture highlights the fact that Iran’s banks and credit institutions have too many branches compared to…
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$1.13b in Loans for Knowledge-Based Firms
EghtesadOnline: Iran’s banks and credit institutions allocated a total of 50 trillion rials ($1.13 billion) to knowledge-based firms in a little more than one year, the Central Bank of Iran announced.
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New CBI Governor Discusses Coordination With Bank CEOs
EghtesadOnline: Newly-appointed governor of the Central Bank of Iran, Abdolnasser Hemmati, met with the chief executives of banks and credit institutions to review challenges facing the banking…
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Iranian Banks Downsizing Branches
EghtesadOnline: Iran’s banks and credit institutions have continued the process of reducing their local branches in the past three months, according to latest numbers disclosed by the Central…
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Iran Tax Administration’s Warning to Banks Withholding Customer Data
EghtesadOnline: The Iranian National Tax Administration’s special prosecutor has threatened banks and credit institutions with legal action, if they fail to share the data of their customers…
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Bank Loans Reach $145b in Fiscal 2017-18
EghtesadOnline: Iran’s economic sectors received a total of more than 9.35 million counts of loans valued at 6.13 quadrillion rials ($145.95 billion) from banks and credit institutions during…
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Draft Rules for Entry of Int'l Credit Institutions in Iran FTZs
EghtesadOnline: The High Council of Free Trade Zones has announced that a draft version of regulations for the operation of international financial institutions (IFIs) in the zones has been devised…
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CBI’s New Bid to Dismantle Unlicensed Credit Institutions
EghtesadOnline: The Central Bank of Iran is pushing forward with the initiative to regulate non-bank institutions via a four-point master plan, says the director of the office for supervising…