Iran banking sector
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Challenges Ahead for Banking System
EghtesadOnline: The chief executive of Bank Refah said limited overseas operations and rising inflation driven mainly by the recent currency crisis will pose major challenges to the banking sector…
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Iran Banking Sector Bloated 42% in 15 Years
EghtesadOnline: The number of bank branches per capita increased by 42% over the 15-year period in the Iranian year ending March 20, 2017, according to the latest figures published by the Statistical…
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Bad Check Ratio Improves
EghtesadOnline: Iran’s banking sector witnessed a drop in the volume but a rise in the total value of checks that bounced in the closing month of the last fiscal year (ended March 20, 2018),…
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Banking Sector to Take No Hit From US JCPOA Exit
EghtesadOnline: Iran’s banking sector has rebounded in the absence of sanctions lifted under the 2015 nuclear deal and will continue to rebuild its foreign correspondent relations despite the…
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No Hope of Fully Recouping NPLs
EghtesadOnline: The vice governor of Central Bank of Iran expressed doubts about the possibility of fully recovering the banking resources tied up in non-performing loans that amount to billions…
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Iranian Banking Sector Awaits Full JCPOA Benefits
EghtesadOnline: Iran’s Deputy Foreign Minister Abbas Araqchi addressed various aspects of benefits resulting from the country’s nuclear deal with world powers.
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AML Violations to Zero Out in Iran Banking Sector
EghtesadOnline: The Central Bank of Iran, in tandem with the Economy Ministry, is actively pursuing anti-money laundering measures to bring down crimes and violations in the banking system to…
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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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BMI Urged to Lead Banking Reforms
EghtesadOnline: Economy Minister Ali Tayyebnia has called on Bank Melli Iran, the nation's biggest lender, to be at the vanguard of much-needed reforms in the ailing banking sector by supporting…
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Ways to Lower Bank Rates
EghtesadOnline: Bank fees and their forex income should be increased to lower the interest rates in the banking sector, the CEO of Export Development Bank of Iran said.
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CBI Issues Directives, Modifies Regulations
EghtesadOnline: As part of an overarching policy of reforming the banking sector, the Central Bank of Iran has issued two executive directives concerning capital adequacy and international conformity…
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Zarif: US pledges not to punish banks engaged with Iran
EghtesadOnline: The United States has promised not to punish European banks that facilitate transactions with Iran, Iranian Foreign Minister Mohammad Javad Zarif said.