Iran banks
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Ayandeh Bank Financing SMEs
EghtesadOnline: Ayandeh Bank is set to provide 3 trillion rials ($80 million) in loans to small- and medium-sized enterprises by the end of the current Iranian year (March 20, 2018), the bank’s…
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New Capital Rules for Iranian Banks Approved
EghtesadOnline: A new directive aimed at enhancing banks' capital adequacy ratio in line with international standards was approved during the last meeting of the Money and Credit Council late…
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22 Iranian Banks Link Up With Oberbank
EghtesadOnline: Banking ties with two major Austrian banks are being established, with Iranian banks establishing 22 correspondent relations only with Oberbank, the governor of the Central Bank…
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Bank Melli Iran to Set Up Debt Collection Agency
EghtesadOnline: Bank Melli Iran, the country's largest commercial lender, is set to establish a company tasked with recovering its non-performing loans, announced a member of the state-owned…
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Wide Support for Iran's Bank Mergers
EghtesadOnline: The possibility of mergers in the Iranian banking system accelerated with the recent announcement by the Central Bank of Iran’s Governor Valiollah Seif that the motion could be…
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Funding Priorities of Iran Banks Notified
EghtesadOnline: The Central Bank of Iran has notified the lending priorities of the banking system for the current fiscal year (started March 21), outlining the roadmap for lenders as they seek…
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Capital Boost Lowers Bank Maskan Risk
EghtesadOnline: Recent measures taken by the administration of President Hassan Rouhani to thicken the capital cushion of state-owned banks have reduced the deposit risk of the housing sector’s…
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CBI: Iran Financial System on Sound Footing
EghtesadOnline: Even though a handful of Iranian banks are fighting formidable challenges, including unhealthy balance sheets and thin capital cushions, they are not facing any existential threats,…
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Support for Bank Mergers
EghtesadOnline: The merger of distressed small financial institutions with major banks will help solve the sector’s problems, the director of research department at the Banking and Monetary Institute…
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Iran Set to Connect With Top Malaysian Banks
EghtesadOnline: After the lifting of some of Iran's sanctions following the nuclear accord, the country's banking system connected with small Malaysian banks though there are still no ties with…
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Bank Melli Tapping $1b of NDFI Resources
EghtesadOnline: Bank Melli Iran, the nation’s biggest bank, has been allowed to draw up to $1 billion from the foreign exchange resources of the National Development Fund of Iran to support production…
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Bank Mellat Launches Anti-Fraud Software
EghtesadOnline: Bank Mellat–a lender with extensive experience in designing and implementing banking software systems—has launched a fraud detection software that will promote the security of…
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Bankers to Decide on Interest Rates Soon
EghtesadOnline: The chief executives of state-owned and private banks will reportedly convene on June 7 to decide about bank interest rates for the period leading to the end of the current Iranian…
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Parliamentary Commission Supports Merger of Banks
EghtesadOnline: As the possibility of mergers in the Iranian banking system strengthens, a senior lawmaker has lent his support to the proposed measure, saying the move could help banks upgrade…
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Iranian Banks Shedding Excess Property
EghtesadOnline: The process of banks getting rid of their excess assets is gathering pace with Bank Refah Kargaran becoming the latest lender to auction its assets through the Company for Selling…
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Bank Mergers Possible
EghtesadOnline: Governor of the Central Bank of Iran Valiollah Seif has confirmed the possibility of merging banks, saying it will help the financial statements of Iranian banks comply with internatio…
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Iran Bankers Voice Support for Rouhani’s Agenda
EghtesadOnline: Chief executives of state-run banks have pledged their support for President Hassan Rouhani and his economic vision for the country, as he is basking in a landslide reelection…
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Banks Urged to Prioritize Bad Loan Recovery
EghtesadOnline: As the Iranian banking system continues to grapple with the growing problem of sour loans, the governor of the Central Bank of Iran has urged lenders to direct the bulk of their…
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Key Iranian bank opens office in Rome
EghtesadOnline: One of Iran’s leading private banks says it has opened an office in Europe – what could be a sign of fresh openings in the country’s international banking relations after the…
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Bank Maskan Boosts CAR to 18%
EghtesadOnline: Bank Maskan has joined the ranks of top international lenders by boosting its capital adequacy ratio significantly, announced the director of the bank's Department of Planning.
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Bank Rating System Under Review
EghtesadOnline: The new rating system for Iranian banks based on which each bank will be ranked is currently under review in the Central Bank of Iran, the director of the Association of Private…
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Statements of Banks Conform to IFRS
EghtesadOnline: Iranian banks managed to present their balance sheets for the last Iranian year (ended March 20, 2017) in line with the International Financial Reporting Standards, said the secretary-…
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Iranian Private Lenders to Adopt Corporate Governance Principles
EghtesadOnline: The Central Bank of Iran has notified Basel III principles on corporate governance to Iranian private banks and credit institutions, as part of the regulator's mandate to incorporate…
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Bank Sepah Deposits Hit Record
EghtesadOnline: Bank Sepah attracted deposits worth 650 trillion rials ($17.3 billion) in the last Iranian year (ended March 20, 2017), registering a growth of 29% compared with the previous…
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Iranian, foreign banks sign MoUs worth $60 bln
EghtesadOnline: Iranian banks have already signed several MoUs worth $60 billion with foreign banks since the implementation of the nuclear deal known as JCPOA, Iranian minister of economic affairs…
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Overseas Expansion of Banks Underscored
EghtesadOnline: The importance of Iranian banks’ foreign branches is not negligible, therefore their number ought to increase in order to provide better services to Iranian traders, the head…
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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…
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Bank Mellat to Open Georgia Branch by Sept.
EghtesadOnline: Mellat Bank Yerevan, a subsidiary of Iran’s Bank Mellat, will open a new branch in Georgia by the end of the first half of the current Iranian year (Sept. 22), said Bank Mellat’s…
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Bank Melli Iran’s NPL Ratio at 7.7%
EghtesadOnline: Bank Melli Iran's ratio of non-performing loans to total loans currently stands at 7.7%, about 3% lower than the average ratio for the domestic banking system, announced the chief…
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Two Iranian Banks Opening Munich Branch
EghtesadOnline: Two Iranian private banks are to open branches in Munich, the capital of the German state of Bavaria, which will greatly enhance the prospect of Iran-German financial interactions,…