Iran banks
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CBI Puts Risky Banks on Notice
EghtesadOnline: The Central Bank of Iran will ramp up its supervision over risky lenders to prevent their precarious activities from impacting other banks, said an official with the Central Bank…
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Banks in the Red
EghtesadOnline: Troubled banks are now in the spotlight. According to the deputy head of Monetary and Banking Research Institute, all Iranian banks are now suffering losses.
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Capital Intelligence Confirms Bank of Industry and Mines Outlook as Stable
EghtesadOnline: Capital Intelligence has confirmed Iran's Bank of Industry and Mines Financial Strength Rating with the sovereign long-term rating of "BB-"–the same as Iran's sovereign rating.
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Banks’ Return Continue to Play Havoc With TSE
EghtesadOnline: Tehran Stock Exchange’s benchmark index TEDPIX gave up 634 points or 0.8% for the week that ended February 1 to close at 77, 415.
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Bank Pasargad Among Banker Mideast Top 10
EghtesadOnline: The Banker’s Top 500 Banking Brands rankings for 2017 have been announced with five Iranian banks making it into the Top 500, mainly as a result of Brand Finance’s ability to…
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Rules Easing Bank Debtors’ Travel Welcome
EghtesadOnline: A member of Tehran Chamber of Commerce, Industries, Mines and Agriculture has welcomed the rules easing travel for bank debtors, noting that executive bodies should understand…
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CBI Oversight Plan Closer to Implementation
EghtesadOnline: The main component of the Central Bank of Iran’s grand plan to overhaul its financial oversight regime has been presented to the Money and Credit Council for final approval, an…
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Iranian Gov't Confirms $3.7b for Debt Clearance of Banks
EghtesadOnline: As part of a new presidential directive approved by the Cabinet, the Planning and Budget Organization of Iran has been permitted to clear a portion of the government's debts to…
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Iranian bank links with 118 foreign partners post-JCPOA
EghtesadOnline: With the west-imposed sanctions lifted, Export Development Bank of Iran has established broker relations with over 118 banks worldwide, IRIB reported on Monday quoting managing…
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Tax Debt Rules for Loan Applicants Eased
EghtesadOnline: Iran’s National Tax Administration has issued a directive based on which legal entities and individuals can receive higher amounts of bank credits without having to first clear…
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Bank Melli Installs Forex ATM at Tehran Airport
EghtesadOnline: Bank Melli Iran on Saturday installed a forex ATM machine in Imam Khomeini International Airport in south Tehran.
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Gov’t Raises Bank Melli Capital by $2.4b
EghtesadOnline: In the latest plan to increase the capital of Iranian public-sector banks, Bank Melli Iran will receive almost half the total amount considered for the plan, the bank’s CEO revealed.
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Call for Promoting Competitive Banking
EghtesadOnline: The governor of the Central Bank of Iran has called for promoting competition in the banking system, cautioning that unhealthy rivalry can lead to unsatisfactory repercussions.
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Private Banks Lending Up 20%
EghtesadOnline: The Central Bank of Iran’s monthly stats show the banking system’s total lending stood at 8.48 quadrillion rials ($215.5 billion at the market exchange rate) by November 20, with…
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Iranian banks improving foreign relations in post-sanction era
EghtesadOnline: Vice Governor of Bank Meli Iran for Foreign Exchange Affairs emphasized the fact that Iranian banks are reinforcing international ties in the post-sanctions era, adding that technical,…
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Day Bank in transactions with 100 foreign banks
EghtesadOnline: Governor of Iran's Day Bank Ali-Reza Atefifar said on Wednesday that his bank will expand banking relations with 100 foreign banks.
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Incentives for Green Banks
EghtesadOnline: Iran’s green banks will be introduced during the First Conference on Green Banking in mid-February, the head of the Department of Environment announced on Sunday.
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Winter of Discontent: Iranian Banks and the Need for Reform
EghtesadOnline: The brouhaha surrounding the condition of Iranian banks is valid, as the crisis has been brewing for a long time. Oddly, what has now unfolded due to years of regulatory neglect…
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Iran Banks Lending Up 48%
EghtesadOnline: The banking sector lent 3.26 quadrillion rials ($82.7 billion) to 5.3 million applicants during the eight months ending Nov. 20, marking a 48.4% growth compared with the same…
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Iranian banks to open new branches in Sweden
EghtesadOnline: Presidential Chief of Staff Mohammad Nahavandian said different Iranian banks would open branches in Sweden.