70160
Interest-Free Loan Cap Increased
Interest-Free Loan Cap Increased

Interest-Free Loan Cap Increased

Interest-Free Loan Cap Increased

The Central Bank of Iran has set a new ceiling for Qarzol-Hassaneh (interest-free microcredit) loans to individuals. The allowance for each person has increased by 50 million rials ($1,309) or 33.3% to reach 200 million rials ($5,235), the official website of the central bank reported. The new directive, which mandated the cap increase, was notified on Tuesday to Resalat Qarzol-Hassaneh Bank and Qarzol-Hassaneh Mehr Iran Bank. According to the Banking Law passed in 1972, the Central Bank of Iran is responsible for regulating the operations of Qarzol-Hassaneh funds based on their annual financial statements. More than 3,000 Qarzol-Hassaneh funds were identified during the tenure of the current government and a databank was formed to organize them.

 

Short URL : https://goo.gl/9Aj2Vt
  1. https://goo.gl/yLH6Zg
  • https://goo.gl/YCxTQm
  • https://goo.gl/ea5yz2
  • https://goo.gl/v61ZLu
  • https://goo.gl/vqQaEH

You can also read ...

Italy's Ansaldo Set to Produce Power From Iran's South Pars Gas Flares
Italy's Ansaldo Energia signed a memorandum of understanding...
Fate of Cryptocurrency in Iran Hangs in Balance
Virtual currencies are slowly but steadily gaining traction...
IRISL Returns to the Fold of Int’l Shipping Giants
The Islamic Republic of Iran Shipping Lines plans to replace...
Dairy Exports to Hit $1b
Iran is one of the top milk producers and has ambitious plans...
Money and Credit Council Approves Liquidity Risk Management Rules
Money and Credit Council, a top financial decision-making body...
1st Currency ETF  in the Pipeline
The Iranian capital market’s first foreign currency exchange-...
Iran Insurance Growth at 20%
The collective figure of Iranian insurance companies’ premiums...
Iran Eases Imports From Turkey
The issue of “consulate approval”, which negatively affected...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus