Iran banks
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Italian Holding to Sign €5b Investment Deal With Banks
EghtesadOnline: Iran and Italy will on Thursday sign a framework credit agreement worth €5 billion whereby Rome will help Italian companies invest in Iran, an Italian Treasury source said on…
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Banks Barred From Managing Investment Funds
EghtesadOnline: Following a directive issued by the board members of Securities and Exchange Organization for all financial entities under its supervision, banks and non-bank credit institutions…
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Banks Focus on Revamping Urban, Rural Quarters
EghtesadOnline: The Association of Private Banks and Credit Institutions has reached an agreement with its sister club of state-owned lenders to direct the bulk of their credits toward the revitalizat…
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Cooperation of Banks, Fintechs Welcome
EghtesadOnline: Banks need to work closely with financial technology firms, which would foster job growth, the head of the Association of Public-Sector Banks and CEO of Bank Melli Iran said.…
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Plan to Monitor Banks’ IT Performance
EghtesadOnline: The Monetary and Banking Research Institute, affiliated with the Central Bank of Iran, has in the works a new plan to exert constant supervision over the performance of banks…
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Banks Suffering Losses in E-Transactions
EghtesadOnline: Iranian banks’ revenues from electronic payment fees do not exceed 30 trillion rials ($681 million) each year and account for only 17% of their total earnings, the Central Bank…
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Surplus Property Auctions to Boost Banks’ Capital
EghtesadOnline: Economy Minister Masoud Karbasian has said the resources required for extending marriage loans will be provided by selling the excess assets of banks through auctions, as their…
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8 Bank to Offer Cheap Loans for Rural Employment
EghtesadOnline: Since the beginning of the current Iranian year (started March 21, 2017), the government has taken a few measures, including the “Comprehensive Employment Scheme”, to promote…
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Iranian Banks Link Up With 286 Foreign Peers
EghtesadOnline: Close to two years after the Joint Comprehensive Plan of Action was signed, the Iranian banking system has regained the lost ground and established 808 correspondent banking relations…
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CI: Gov't Arrear Repayment to Invigorate Iranian Banks
EghtesadOnline: In its latest analysis of the Iranian banking sector, Capital Intelligence, the international ratings agency, noted that the repayment of government arrears to banks and the private…
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Iranian Banks' Foreign Assets Up 14.2%
EghtesadOnline: The total value of Iranian banks' foreign assets stood at 2.69 quadrillion rials ($64.33 billion) by Oct. 22 to register an increase of 14.2% compared with the same period of…
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Banks Urged to Go Easy on Borrowers
EghteadOnline: First Vice President Es’haq Jahangiri called on the chief executives of banks to be more lenient on borrowers when demanding collaterals and loan guarantees.
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6 Iranian Banks to Auction Excess Properties by January
EghtesadOnline: Six Iranian lenders are planning to rid themselves of their excess properties by staging four auctions from Dec. 22 to Jan. 5, 2018, the head of the Company for Selling Banks’…
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Iranian Banks’ Incomes, Expenses Projected for 2018-19
EghtesadOnline: The total projected income of eight Iranian state-owned banks, plus the Central Bank of Iran, has been put at 845.2 trillion rials ($20.09 billion) in the budget bill submitted…
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Iranian Banks Shed $3.5b in Excess Assets
EghtesadOnline: As part of the government’s plan for lenders to do away with excess assets and become more agile, more than 150 trillion rials ($3.5 billion) worth of bank properties have been…
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Banks Urged to Help Quake Victims
EghtesadOnline: Central Bank of Iran’s Vice Governor Akbar Komijani appealed to the country’s banking system to help the victims of Kermanshah’s recent earthquake and fulfill their corporate…
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Iranian banks ready to open branches in Belgium
EghtesadOnline: The head of the Iran Chamber of Commerce announced that a number of Iranian banks are interested in opening branches in Belgium.
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Government Proposes Trilateral Debt Swap
EghtesadOnline: The government has proposed a trilateral swap deal among the state, private contractors and banks to help ease its debt burden.
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Iranian Banks Lend $76b to 5 Million Applicants
EghtesadOnline: The Iranian banking system paid out loans worth 3.13 quadrillion rials ($76.48 billion) to nearly 5 million applicants in the first seven months of the current Iranian year to…
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Iranian Banks Closer to Opening Munich, Austria Branches
EghtesadOnline: Iranian banks are expected to open their first branches in Munich as early as the next few months while the next stop is Austria, the secretary-general of Tehran Chamber of Commerce,…
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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…
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Iranian Banks Eye Belgium Branches
EghtesadOnline: A number of Iranian banks have declared their interest in opening branches in Belgium, which goal is expected to materialize with the help of both countries.
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Framework of Iranian Banks’ Corporate Governance
EghtesadOnline: As the Iranian banks move to connect to their international peers, some fundamental structural reviews are called for in order to strengthen their corporate governance and realign…
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Deadline for Ending Lenders’ Non-Banking Ventures
EghtesadOnline: Minister of Economic and Finance Affairs Masoud Karbasian announced that Iranian banks have about eight months to end their non-banking activities for which they have constantly…
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Iranian Banks, Fintechs Shine in Iran Transaction Exhibition
EghtesadOnline: Banks, fintechs, financial solution vendors and startups were present in full force at the Third Iran Transaction Exhibition (ITE) in Tehran on Tuesday.
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Challenges in Setting up Effective Compliance Department in Iran Banks
EghtesadOnline: According to the CBI directive, banks and financial institutions are obliged to set up an independent compliance department.
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Iranian Banks’ Foreign Assets Up 10%
EghtesadOnline: The total value of Iranian banks’ foreign assets by August 22 stood at 2.54 quadrillion rials ($65.12 billion), marking an increase of 10.4% compared with the corresponding period…
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Banks Obliged to Set Up Compliance Department
EghtesadOnline: The Central Bank of Iran in its latest directive publicized on Saturday obligates all certified financial institutions to establish an independent compliance department, as it…
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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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3 Iranian Banks to Open India Branch
EghtesadOnline: Three Iranian private banks, namely Saman Bank, Parsian Bank and Bank Pasargad, plan to open branches in India, of which Pasargad’s request is in the final stage of approval,…