bank
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Bank Borrowing From CBI Pushes Up Monetary Base
EghtesadOnline: The monetary base expanded to unprecedented levels in the calendar month to Dec. 31 due mainly to banks’ excessive borrowing from the Central Bank of Iran.
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Bank Lending Surges to $53b in 7 Months
EghtesadOnline: Loans by banks and credit institutions reached 14,828.9 trillion rials ($52.9 billion) in the first seven months of current fiscal year (March 21-Oct 22).
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Compound Interest on Loans Is Still Contentious
EghtesadOnline: New rules governing bank loans passed by the Majlis this week, legally ban lenders from charging compound interest and is designed to help boost the business environment, lawmakers…
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Banks’ Assets Rise 43%
EghtesadOnline: Banks held 75,206.8 trillion rials ($278 billion) in assets by the end of the month to August 22, indicating 43.8% increase compared to the same period last year.
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30,000 Bank Accounts, SIM Cards Blacklisted
EghtesadOnline: Law Enforcement Forces (LEF) said it has blocked 30,000 bank accounts and SIM cards suspected of fraud and illegal activities.
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BMI Boss Urges Fair Appraisal of Bank’s Mounting Problems
EghtesadOnline: After financial statements of Bank Melli Iran became public last week, the chief executive, Mohammad Reza Hosseinzadeh, responded to criticism and defended the performance of…
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Bank Gift Card Rules Revised in Concord With AML Law
EghtesadOnline: The Central Bank of has announced new regulations for issuing gift cards by banks compatible with the Anti-Money Laundering law.
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Bank Maskan Raises Youth Home Loan Ceilings
EghtesadOnline: Bank Maskan, the state agent bank of the housing sector, has raised the ceiling on home loans paid under the so-called Youth Savings Account.
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$37m in Bank Loans for Iranian Startups
EghtesadOnline: Four local banks have reached a multilateral deal with the state-backed Iran National Innovation Fund to provide low-interest loans worth 10 trillion rials ($37 million) to emerging…
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$125m in Bank Loans for Mazandaran Agriculture Sector
EghtesadOnline: Mazandaran Province’s agriculture sector received a total of 30 trillion rials ($125 million) in bank loans during the first 10 months of the current Iranian year (March 20, 2020-Jan.…
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Bad Checks Pile Up
EghtesadOnline: The number of bad checks shot up in the month to Dec.20 reaching 893,000 or 31.1% higher compared with a month earlier.
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Bank Loans Almost Double
EghtesadOnline: Banks and credit institutions gave 12,199.4 trillion rials ($53 billion) in loans to economic sectors in the nine months since the beginning of the current fiscal year (March…
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Bank Deposits Grow 35%
EghtesadOnline: Bank customers had 29,326.1 trillion rials ($127.5 billion) in deposits by the end of the calendar month to June 20, according to monthly data released by the Central Bank of…
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CBI: Money Supply in Check
EghtesadOnline: The CBI governor says the bank has kept the growth of money supply in check which is a harbinger of decline in inflation rate.
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Impact of Fiat Money
EghtesadOnline: Expansion of monetary growth has again been blamed on the Central Bank of Iran’s obligation to purchase forex from the National Development Fund of Iran and settle the payment…
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Credit Suisse CEO Resigns Over Spying of Two Ex-Colleagues
EghtesadOnline: Credit Suisse CEO Tidjane Thiam says he is resigning after nearly five years on the job, acknowledging that a spying scandal caused “anxiety and hurt” and tarnished the reputation…
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Turkey Bank Wins Reprieve in US Prosecution Over Iran Sanctions
EghtesadOnline: A federal appeals court granted a temporary halt in the US prosecution of Turkish lender Halkbank over sanctions violation charges while it weighs other requests by the bank.
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Bank Loans Post 30% Growth
EghtesadOnline: Banks and credit institutions paid 6,262.7 trillion rials ($47 billion) in loans during the first nine months (March 20-Dec 21, 2019) of current fiscal year.
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Banks Deposits in Iran Rise to $182b
EghtesadOnline: Banks customers had 23,725.6 trillion rials ($182.5 billion) in deposits with banks and credit institutions by the end of the seventh month of the current fiscal year (October…
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Increase in Active Debit Cards in Iran
EghtesadOnline: The number of active bank debit cards, used for at least one transaction, increased by 1.3 million from Sep.23 to Nov.21.
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Tehran Stocks Nudge 0.8% Higher
EghtesadOnline: Tehran stocks closed trading in positive territory on Tuesday amid rising demands for equities mainly in bank, chemical, auto and base metal group.
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Tehran Stocks Open Slightly Higher
EghtesadOnline: Tehran stocks briefly touched the psychological level of 330,000 in early trading on Saturday, led by bank, pharmaceutical and auto shares, before reversing the course at the…
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Iranian Bank to Open 5 Branches in Iraq
EghtesadOnline: Parsian Bank, one of the leading private banks in Iran, is planning to open five more branches in Iraq, the CEO told members of the Iran-Iraq Joint Chamber of Commerce.
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FINEX 2019 Opens
EghtesadOnline: The 12th Bank, Exchange & Insurance Exhibition (FINEX 2019) opened on Monday at Tehran’s International Fairground.
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TEDPIX Plunges Over 3,600 Points
EghtesadOnline: Tehran Stock Exchange's main gauge fell sharply on Monday as a selloff in auto and bank shares spread across the board. The decline caused a broad rout in refinery and petrochemical…
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Iranian Bank Makes Foray Into Fintech Sector
EghtesadOnline: To claim a share of Iran’s growing fintech market, Bank Mellat has launched an innovation center to help promote the application of smart technologies in banking.
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Iran Stock Market - TEDPIX Surges as Bank, Auto Sectors Take Lead
EghtesadOnline: Stocks jumped on Monday as markets recovered from a tumble in the previous session that pushed the Tehran Stock Exchange and over-the-counter Farabourse into the red.
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Parsian Bank Doubles Capital
EghtesadOnline: In a letter to the CEO of Parsian Bank, the Central Bank of Iran approved an increase in the bank’s capital.