Iran banking system
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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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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…
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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…
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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…
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President: Gov't to prioritize sound banking system
EghtesadOnline: President Hassan Rouhani highlighted the role of banks in the country's economy, saying that the unhealthy competition among them should be rectified.
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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…
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Iranian Banks' Post-Sanctions Forex Deals Top $38b
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…
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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…
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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…
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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…
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Impacts of Cabinet Change on Iran Banks
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…
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Gov’t Debts to Banking System Exceed $58b
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…
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Central Bank of Iran Directive Makes IFRS Mandatory
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…
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Banks Allocated $27b of Loans in Q1
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…
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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…
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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…