CBI Moves to Regulate Leasing Firms

The Central Bank of Iran has recognized leasing firms as separate entities from monetary players, potentially opening a new chapter in the country’s lending sector.
According to the secretary-general of Iranian National Leasing Association, CBI’s Department of Studies and Regulations has announced new definitions and categorizations for leasing companies through a formal letter sent to the association on Sept. 2.
“The letter designated the position of leasing companies in the country’s monetary and financial regime since it said they will be categorized as financial entities offering facilities that do not accept deposits and operate under license from the central bank,” Mohammad Hadi Moqei also told IBENA on Wednesday.