Bank Ratings to Remain Undisclosed
Bank Ratings to Remain Undisclosed

Bank Ratings to Remain Undisclosed

Bank Ratings to Remain Undisclosed

As per the new rating system for Iranian banks, each bank will be given a rank that will not be made public, announced the Central Bank of Iran’s deputy for supervisory affairs.
“All banks will be given a rating in the new rating system, but there is no need for the ratings to be publicized,” Farshad Heydari said in a talk with IBENA.
“Rating of the banks will establish an exclusive linkage between the banks and the CBI, and therefore there will be no need to release the results to the public.”
Earlier this month, Heydari had announced that the rating process for Iranian banks will commence in late October and lenders will be classified into four main groups.
“From the eighth month of the fiscal year (starting October 22), banks will be rated and classified under four categories, namely ‘without visible risk’, ‘low-risk’, ‘ average risk’ and ‘high risk’,” he had told the 27th Islamic Banking Conference.
On CBI’s plan of action regarding the matter, he said the central bank is to allocate a ranking to each bank and “that will be the rating of the banks, which will influence interbank interactions and the banks’ operations with CBI”.
According to the official, all Iranian banks will be rated under a single scheme and private or public-sector banks will be treated equally.
“Irrespective of their ownership status, they are all banks. Their rating will be done based on their formation, meaning the way they are structured will play a key part in the way they are ranked,” he concluded.


Short URL : https://goo.gl/BTpF8U
  1. https://goo.gl/90CrMY
  • https://goo.gl/yh1z67
  • https://goo.gl/BJk7VE
  • https://goo.gl/zSKJli
  • https://goo.gl/SVFGVf

You can also read ...

Flat Steel Import Slows on Currency Rate Issues
Flat steel import trade in Iran has been almost non-existent...
Over 9.7 billion shares valued at $498.4 million were traded on TSE during last month.
Coming out of a relatively good year, Tehran stocks had a...
Alibaba Acquires Chipmaker C-SKY Microsystems
Chinese e-commerce firm Alibaba Group Holding Ltd has acquired...
New Credit Card Scheme  to Support Local Products
Iran’s banking system is now preparing a new credit card...
50 Female Pilots Apply to Join Iran Air
About 50 female pilots are to take part in Iran Air’s upcoming...
Rail freight transportation stood at a record high of 46 million tons during March 2017-18.
Around 24.45 million passengers were transported by Iran’s...
Iran’s Largest Holding Seeks Gov’t Help to Finance Delayed Projects
Iran’s largest holding, the financially troubled Social...
Revised Rules for Private Bank Ownership Ratified
Lawmakers have revised regulations for the ownership of non-...