Iran banking system

Structural Reforms in Banks to Help Ensure Fiscal Stability

EghtesadOnline: The second and final day of the Conference on Monetary and Foreign Exchange Policies came to a close in Tehran on Wednesday after focusing on structural reforms, mostly in the…
2018-06-23 06:48
Banks Lending to Economic Sectors Up 21% in 2 Months

EghtesadOnline: The Central Bank of Iran has published its latest report on the lending portfolio of banking system, which shows that all banks and credit institutions doled out a total of 689.5…
2018-06-23 06:33
New Report Reveals Banks’ NPL Ratio Gap

EghtesadOnline: A senior member of Majlis Article 90 Commission presented the latest report on the state of non-performing loans of Iran's banking system in Tuesday's open session, which painted…
2018-05-23 09:49
CBI Underscores Support for Agricultural Sector

EghtesadOnline: Central Bank of Iran Vice Governor Akbar Komijani underscored the banking system’s contribution to the implementation of a national policy to promote domestic production by providing…
2018-05-12 10:24
Banks to Decide FX Deposits’ Interest Rates

EghtesadOnline: The Central Bank of Iran has focused on encouraging people to entrust their foreign currency banknotes to the banking system and according to the regulator’s director of the Department…
2018-04-22 04:32
Iran Plans New Credit Card Scheme to Support Local Products

EghtesadOnline: Iran’s banking system is now preparing a new credit card scheme for supporting locally produced goods, following a previous plan that failed to take off.
2018-04-21 11:18
Forex Rate Unification Strengthens Iran Banks

EghtesadOnline: As Iran moves to unify its exchange rates, the government has announced new policies that give the banking system the prime role in the foreign exchange market.
2018-04-15 09:52
Payment Transaction Fees a Challenge for Banking System

EghtesadOnline: As the new fiscal year started on March 21 and the banking system expects major reforms, the issue of payment services’ fees poses a huge challenge to the electronic banking sector.
2018-04-09 04:55
MRC Backs Banking Reforms With a Caveat

EghtesadOnline: The research arm of Iran's Parliament has recommended that the lawmakers approve the government's bill to undertake long overdue reforms in the banking system, but only if it…
2018-03-13 09:10
Iran Banks Urged to Enforce AML/CFT Measures

EghtesadOnline: The Central Bank of Iran has called on the banking system to enforce anti-money laundering and combating the financing of terrorism measures by establishing strong compliance…
2018-03-13 07:11
Experts Underscore Central Bank Independence

EghtesadOnline: Iran's economy is bedeviled by a series of major issues arising from decades of mismanagement that has made the banking system bear the brunt as the country's predominant financer,…
2018-02-27 07:28
Iran Budget's Banking Measures Approved

EghtesadOnline: Lawmakers on Tuesday passed a number of measures related to the banking system and the National Development Fund of Iran while reviewing articles of the fiscal 2018-19 budget.
2018-02-14 10:04
Bank Mellat Accepts Facial Recognition

EghtesadOnline: Bank Mellat has now made facial recognition available as an option for unlocking its mobile banking app to become the first bank to offer this capability in the Iranian banking…
2018-02-06 07:43
CBI Delays USSD Decision

EghtesadOnline: The Central Bank of Iran has backtracked on its directive that was supposed to be implemented from Sunday and aimed at boosting information safety in the banking system by making…
2018-02-05 14:35
BMI Absorbs Most Deposits

EghtesadOnline: Bank Melli Iran, the country’s biggest bank, attracted more than 22% of all the rial and foreign exchange deposits of the banking system in the first nine months of the current…
2018-01-21 08:37
Capital Market Guarantees Unacceptable

EghtesadOnline: In its latest directive to the banking system, the Central Bank of Iran has obliged all banks and credit institutions to refrain from accepting any kind of guarantees from financial…
2018-01-15 13:05
Bank Loans Exceed $85 Billion

EghtesadOnline: The total volume of loans paid out by the country’s banking system surpassed 3.5 quadrillion rials ($85.1 billion) in the first eight months of the current Iranian year to Nov.…
2018-01-14 11:36
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…
2018-01-07 10:30
Iranian Banker Calls for Cryptocurrency Recognition

EghtesadOnline: A senior member at Iran's biggest bank has come out in favor of cryptocurrencies and called for them to be recognized and widely accepted in the banking system.
2018-01-07 10:28
Limit on Bank Account Numbers Enforced

EghtesadOnline: As per the directive recently implemented in the banking system, natural persons are only allowed to open a total of six accounts with each bank while none of the accounts can…
2017-12-25 05:52
Rate Cut Benefits in Retrospect

EghtesadOnline: A few months into the implementation of a Central Bank of Iran directive that meant changes for the banking system, depositors and markets, the regulator’s deputy for economic…
2017-12-25 05:40
CBI Underscores Microfinance

EghtesadOnline: Governor of the Central Bank of Iran Valiollah Seif asked the country’s banking system to gradually shift their lending practices and fund small- and medium-scale enterprises…
2017-12-11 08:19
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…
2017-11-25 11:31
No Banking Fees for Gov’t Accounts

EghtesadOnline: Any attempt by Iranian banking system to receive fees for providing services to government-owned accounts lacks any legality, according to a letter forwarded by the Department…
2017-11-25 09:44
Forex ETS to Expedite Iran's Plans for Rate Unification

EghtesadOnline: The Central Bank of Iran’s Exports Department has sought to provide more details on the online gateway recently established for allowing members of the banking system to better…
2017-11-21 06:48
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…
2017-11-18 15:28
Private Sector Wants Say in Financial Decision-Making

EghtesadOnline: A motion proposed by parliamentarians aimed at reforming the ailing banking system reportedly excludes the limited authority the private sector currently has in financial decision-maki…
2017-11-15 10:21
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…
2017-11-15 10:05
NPL Volume Rises as Ratio Dwindles

EghtesadOnline: A study of official data pertaining to non-performing loans in the Iranian banking system over the past six years conducted by the Tehran Chamber of Commerce, Industries, Mines…
2017-11-12 05:25
CBI Notifies Liquidity Risk Regulations

EghtesadOnline: The Central Bank of Iran has officially notified the directive for “minimum requirements of liquidity risk management of credit institutions” to the banking system that was approved…
2017-11-04 09:44