• New Report Reveals Banks’ NPL Ratio Gap

    A senior member of Majlis Article 90 Commission presented the latest report on the state of non-performing loans of Iran's banking system in Tuesday's open session, which painted a highly contrasting picture.
    "At present, even the banking regulator [Central Bank of Iran] lacks precise data about the volume of banks' restructured loan portfolios," Farhad Tajari was also quoted as saying by ICANA, the official news outlet of the parliament.
    However, he made a claim that, if proven to be true, paints a dark picture of the banking system.
    "Unofficial statements concerning the real volume of non-performing loans offered by the banking system using various techniques tell of a ratio going as high as 50% of all bank loans," he said. 

Economy

Iran economynews, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.

  • S. Korea Discusses Contingency Plans on Iran Sanctions
    05/20/2018
    The South Korean government held an inter-agency meeting on Friday to explore ways...  
  • Cambridge Analytica Files for Bankruptcy
    05/19/2018
    Cambridge Analytica, overwhelmed by a scandal over how it harvested data from Facebook to influence...
  • Cryptocurrency a Means to Bypass US Dollar
    05/19/2018
    Iran and Russia could consider using local or digital currencies to cushion any impact on bilateral trade from fresh US sanctions that ban dollar-denominated transactions with Iranians, a lawmaker...
  • Metal Bulletin’s weekly price assessment for Iranian billet exports was $490-503 per ton FOB on May 16.
    05/19/2018
    Buying activity in the Iranian export market for steel billet was lively in the week ended May...
  • Tehran, Damascus Discuss Syrian Reconstruction
    05/19/2018
    Syrian Public Works and Housing Minister Hussein Arnous discussed with Iran’s Roads and Urban...
  • Non-Oil Trade With Brazil  Dips 46%
    05/19/2018
    Iran traded $703.22 million worth of non-oil goods with Brazil during the last Iranian year...  
  • Turkey Slams US Sentencing of Turkish Banker  in Iran Case
    05/19/2018
    Turkey has slammed the sentencing of a Turkish banker in the United States over his role in helping...
  • Telephone Imports at  $1.45 Million
    05/19/2018
    More than 127 tons of corded landline telephones worth around 48.58 billion rials ($1.45 million) were imported into Iran during the last Iranian year (March 2017-180), figures released by the...
  • The European Commission said the EU measure would come into force within two months, but it could also be activated sooner if there was strong political support.
    05/19/2018
    The European Commission said on Friday it had started the process of renewing a sanctions-blocking...
  • Tehran Stocks: Back With a Bang and Favoring Small-Caps
    05/19/2018
    "Good riddance!" must have been how Tehran equity market traders reacted when the United States...
  • Int’l Confab on Export Transport Scheduled
    05/19/2018
    The Second International Conference on Export Transportation and Logistics has been scheduled for June 20 at Tehran’s International Fairground. According to the event’s website, Exportrans.ir, the...
  • The central bank of Iran has launched Nima to track all forex transactions.
    05/19/2018
    Purchase orders by merchants from the start of the current Iranian year (March 21) until May 16 has doubled compared with the corresponding period of last year, the vice president for...
  • Information technology can empower the most deprived groups of the people.
    05/19/2018
    Ahead of World Information Society Day, major Iranian communications companies unveiled their latest services and future programs during separate conferences.     Iran’s ICT Minister Mohammad...
  • Home Prices, Rents Hike in Tehran
    05/19/2018
    The Statistical Center of Iran has released the latest housing data for Tehran, which indicate a significant annual and seasonal hike in prices, rents and deals, manifesting an uptick in the...
  • Iran’s Minister of Industries, Mining and Trade Mohammad Shariatmadari (3rd right) shakes hands with chairman of EEU Economic Commission board, Tigran Sargsyan, in Astana, Kazakhstan, on May 17.
    05/18/2018
    The five-nation Eurasian Economic Union has signed a three-year provisional agreement with Iran to welcome the Islamic Republic into the bloc’s free-trade zone. “The temporary agreement stipulates...
  • Since the Iran nuclear deal came into effect in early 2016, many EU companies have engaged in deals with Iranian companies.
    05/17/2018
    Tehran has taken preliminary steps to establish a bank for transactions between Iran and the European Union in euro to settle all financial issues that might arise after Washington's recent...
  • IMIDRO Outlines Steel Sector’s Monthly Performance
    05/17/2018
    A total of 3.88 million tons of iron ore concentrate was produced in Iran during the first month of the current fiscal year (March 21-April 20), to register a 30% growth compared with last year’s...
  • Machine Sazi Tabriz Privatized
    05/17/2018
    Iranian Privatization Organization sold a 100% share in Machine Sazi Tabriz Company to a non-institutional investor on Wednesday, the organization’s official website reported. The stake, along with...
  • Hormozgan Ports Throughput Increases 4.1%
    05/17/2018
    Close to 8.22 million tons of oil and non-oil goods were loaded and unloaded in Hormozgan Province’s ports during the first month of the current Iranian year (March 21-April 20), registering a 4.1...
  • France Taps Mechanisms  to Salvage Iran Business
    05/17/2018
    Euro-denominated financing set up by European countries to trade with Iran will not be enough to...
  • Federica Mogherini
    05/17/2018
    The European Union on Tuesday launched work on a nine-point economic plan to keep the Iran nuclear deal alive after the abrupt withdrawal of the United States. Europe is scrambling to come up with...
  • Non-Oil Trade With Sweden Exceeds 100%
    05/17/2018
    Iran traded $723.35 million worth of non-oil goods with Sweden during the last Iranian year...
  • About 1.04 billion shares valued at $55.39 million changed hands at TSE on May 16.
    05/17/2018
    Tehran Stock Exchange’s main index gained 34.34 points or 0.04% on Wednesday compared to the day before to end trading at 94,940.2. About 1.04 billion shares valued at $55.39 million changed hands...
  • ‘Iran Health Expo 2018’ in June
    05/17/2018
    The 21st International Exhibition of Medical, Dental, Laboratory Equipment and Pharmaceutical Products, also known as “Iran Health 2018”, is scheduled for June 19-22 at Tehran’s International...
  • Home Rents  to Rise by 15%  in Summer
    05/17/2018
    Iranian tenants will experience a housing rent increase of 15% in the summer, which is beyond the current inflation rate of under 10%, according to the deputy head of Tehran Association of Realtors...

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