Refah Bank Loan Penalty Waiver
Refah Bank Loan Penalty Waiver

Refah Bank Loan Penalty Waiver

Refah Bank Loan Penalty Waiver

Refah Kargaran Bank is set to waive fines for its debtors in line with the Central Bank of Iran’s directive, Refah bank’s website announced. If debtors return the principal amount of their debts to banks, all penalties pertaining to the interest on loans will be forgiven. This rule only includes loans with a ceiling of 250 million rials ($ 6,700), with the deadline being June 21. A year ago, lawmakers passed amendments to the 2016-17 annual budget law, based on which the parliament allowed the government to implement a provision that allows borrowers to be exempted from paying interest and fines pertaining to loans under 1 billion rials ($ 2.6 billion). They also approved the government using foreign exchange reserves of the central bank to settle up to 450 trillion rials ($ 12 billion) of payment arrears to the banking sector.


Short URL : https://goo.gl/bB4usC
  1. https://goo.gl/YyrbEM
  • https://goo.gl/RN5Wey
  • https://goo.gl/dgmUjs
  • https://goo.gl/pLPnVO
  • https://goo.gl/IyFv2E

You can also read ...

The CBI governor met with bank CEOs on Dec. 9. 
Governor of the Central Bank of Iran Valiollah Seif asked the...
Apple to Acquire Music Identification App Shazam
Apple Inc is in talks to acquire Shazam Entertainment Ltd,...
Close to €14.78 billion worth of commodities were exchanged between Iran and all European Union states during Jan.-Sept.
The latest Eurostat data shared with Financial Tribune show...
MSC Selected Asia’s 11th Most Admired Knowledge Enterprise
Iran’s largest steelmaker, Mobarakeh Steel Company, has been...
President Hassan Rouhani hands the budget bill for the upcoming fiscal year (March 2018-19)  to Parliament Speaker Ali Larijani on Dec. 10.
President Hassan Rouhani presented the budget bill for the...
The device, called GPhone, is built into a smartphone case with a companion app which lets patients record and track their glucose readings.
A new re-useable glucose-monitoring smartphone case developed...
Currency Gains in  FX Market
Most foreign currencies in Tehran’s market gained against the...
Arvand Kaveh Steel’s 1st Phase to Go on Stream
Arvand Kaveh Steel Company’s first phase of production is...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.