Lenders
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Limits Set on Non-Banking Fixed Assets of Lenders
EghtesadOnline: The regulator has set a ceiling of 30% on fixed non-bank assets that banks and credit institutions are allowed to hold.
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Lenders in Breach of Interest Rates Face Punitive Action
EghtesadOnline: It merits mention that low interest rates have undermined people’s zeal to park money in banks as the national currency tanks and runaway inflation eats away at their hard-earned…
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MCC Approves CBI Proposal to Control Balance Sheets of Banks
EghtesadOnline: Iran’s Money and Credit Council, the top monetary decision-making body, approved proposals from the Central Bank of Iran to improve the balance sheets of lenders.
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An Overview of Iranian Banks’ Tech Priorities
EghtesadOnline: Iran’s banking sector, for a variety of reasons, has failed to keep up with the rapid pace of technological advancement in most countries since early 2000. However, lenders have…
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Lenders Under Central Bank of Iran Scrutiny for Ratings
EghtesadOnline: The Central Bank of Iran has resumed rating lenders based on their performance in corporate governance and the level of their progress in digital banking, according to a CBI official…
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Industries Financed Mainly by Lenders
EghtesadOnline: Banks met nearly 57% of industrial units' capital need in the last Iranian fiscal year (ended March 2019), says a deputy minister of industries.
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Lenders Responsible For Failure to Launch OTP
EghtesadOnline: In a directive to banks and credit institutions, the Central Bank of Iran has warned that lenders would be held responsible for any loss resulting from their negligence to activate…
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Banks’ Surplus Assets Fall Out of Favor
EghtesaadOnline: While the government insists on lenders to get rid of their surplus properties, it seems that this is better said than done.
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OTP Service by Lenders Becomes Mandatory
EghtesadOnline: In a move to curb cybercrime pertaining to debit card fraud and increase the security of online banking, the Central Bank of Iran has instructed banks and credit institutions…