Iran banks

Bank Penalty Waiver Back on Agenda

EghtesadOnline: Governor of the Central Bank of Iran Abdolnasser Hemmati has responded to a letter sent by the President of Iran Chamber of Commerce, Industries, Mines and Agriculture Gholamhossein…
2018-08-27 04:20
$1.13b in Loans for Knowledge-Based Firms

EghtesadOnline: Iran’s banks and credit institutions allocated a total of 50 trillion rials ($1.13 billion) to knowledge-based firms in a little more than one year, the Central Bank of Iran announced.
2018-07-31 04:59
Iranian Banks Downsizing Branches

EghtesadOnline: Iran’s banks and credit institutions have continued the process of reducing their local branches in the past three months, according to latest numbers disclosed by the Central…
2018-07-21 06:30
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
Need for Banks to Support Entrepreneurship

EghtesadOnline: A lawmaker called for the establishment of specialized banks tasked with facilitating entrepreneurial development.
2018-06-18 04:49
Banks Reclaiming TM Arrears

EghtesadOnline: Chief executives of some of Iran's biggest banks have met with the newly-elected mayor of Tehran, Mohammad Ali Afshani, to reach agreement on reclaiming billions of dollars in…
2018-06-12 05:44
Iran Banks Allowed to Purchase Foreigners’ Hard Currency

EghtesadOnline: The Central Bank of Iran has allowed lenders to purchase the hard currency held by foreign tourists, transit drivers, foreign diplomatic missions based in Iran and representative…
2018-05-13 09:22
Loans Worth $870m for Innovative Firms

EghtesadOnline: The Iranian banking network paid 37.5 trillion rials ($870 million) to 218 knowledge-based companies during the previous Iranian year (March 2017-18).
2018-04-29 09:26
New Capital Guidelines for Iranian Banks

EghtesadOnline: The Central Bank of Iran has released new guidelines for the way banks' capital adequacy ratios are calculated.
2018-04-29 09:23
Banks to Present IFRS-Based Balance Sheets by June

EghtesadOnline: All Iranian banks officially listed in the capital market will devise and present their balance sheets as per the International Financial Reporting Standards, according to the…
2018-04-28 05:34
Banks to Support Domestic Production

EghtesadOnline: Secretary of the Association of Banks and Private Institution said banks have agreed on a number of schemes to support domestic production.
2018-04-28 05:12
Banks to Compensate Currency Needs for Essential Goods

EghtesadOnline: Iran’s First Vice President Es’haq Jahangiri on Wednesday sought to reassure importers that their currency requirements will be fully met by the government and spoke of the banking…
2018-04-28 05:07
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
Banks Faring Well

EghtesadOnline: The Iranian Association of Private Banks and Credit Institutions has released a statement, assuring the public that banks and credit institutions are well-regulated by the Central…
2018-04-08 08:54
Two Banks’ Return to TSE Triggers Turmoil

EghtesadOnline: The long wait finally came to an end on Wednesday, as two major banks’ frozen stock tickers reopened on Tehran Stock Exchange after a year and a half.
2018-03-17 07:58
Banks Extend Loans Worth $106 Billion in 11 Months

EghtesadOnline: The Central Bank of Iran has released its latest report on loans allocated by lenders, which show that the services sector again attracted the highest share while a majority of…
2018-03-17 07:47
Iranian Banks Allowed to Guarantee Investments in Oman

EghtesadOnline: The Central Bank of Iran has allowed lenders to issue guarantees for Iranian businesses planning to invest in Oman or those who seek to take out loans from Omani banks, the head…
2018-03-17 07:30
Iranian Delegates Meet European Regulators in London

EghtesadOnline: Delegates from Iranian banks met with representatives of the European Banking Authority this week in Canary Wharf.
2018-03-14 06:19
Major Consolidation to Create Stronger Banks

EghtesadOnline: A new wave of mergers and acquisitions in Iran’s banking industry is aimed at creating bigger, stronger and more efficient banks, a top official at the Central Bank off Iran said.…
2018-03-14 06:12
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
Compliance Training for Banking Delegates

EghtesadOnline: Twelve delegates from Iranian banks completed a two-day workshop organized by the International Compliance Association to receive the internationally-recognized ICA Certificate…
2018-03-13 06:48
Rating of Iranian Banks to Be Made Public

EghtesadOnline: The controversial and pending case of illegal credit institutions in Iran has seemingly prompted the administration to make a U-turn regarding its previous scheme to rate certified…
2018-03-04 08:40
Banks, Petrochems Dominate List of Iran’s Largest Companies

EghtesadOnline: Iran’s Industrial Management Institute released on Sunday the list of 500 largest Iranian companies, according to which, banks generated the highest revenues as petrochemical…
2018-02-24 09:45
Iran Bank Loans Top $100b in 10 Months

EghtesadOnline: Banks and credit institutions doled out more than 4.62 quadrillion rials ($102.66 billion) in loans to various sectors of the economy during the first 10 months of the current…
2018-02-24 06:43
Iranian Banks Buying Qatar Export Riyals

EghtesadOnline: Iranian banks have started buying Qatar’s riyal from exporters of goods and services to the Persian Gulf emirate, director general of Trade Promotion Organization for Iran’s Arab-Afric…
2018-02-13 07:44
Iranian Banks Link Up With More Int’l Peers

EghtesadOnline: Iran has established banking relations with close to 300 foreign banks two years after the landmark nuclear deal with world powers, the Central Bank of Iran announced.
2018-02-13 07:35
Call for Overhauling Bank Income Structure

EghtesadOnline: The regressive structure of Iran’s bank income and fee system will only entail higher costs for the lenders already facing a hefty credit crunch, a senior banker said.
2018-02-07 06:54
Full Privatization of 3 Major Iranian Banks on Agenda

EghtesadOnline: Iran Privatization Organization, the state-run entity overseeing the sale of state-owned companies, plans to divest the remaining stake of the government in major privatized lenders…
2018-01-21 09:43
High Real Interest Rates Disadvantage Banks

EghtesadOnline: Iranian banks still have to pay high interests on their deposits while their income from loan allocations has dropped significantly due to a serious credit crunch, increasing…
2018-01-21 08:49