• 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. 


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

  • SCI: Single-Digit Inflation Rates in 26 Provinces
    The Statistical Center of Iran has announced the latest inflation rates for the country’s 31 provinces.  The report shows 26 provinces posted single-digit inflation rates while western provinces...
  • BMI Housing Loan Applicants Reach 26,000
    The number of prospective homeowners applying for state facilities under a special housing scheme launched by Bank Melli of Iran as recently as January hit 26,000, BMI’s Public Relations Office...
  • First Sports Economy Conference Planned
    The private sector needs to play a bigger role to increase the impact of sports on Iran’s economic growth.  This was the focus of a roundtable organized by Donya-e-Eqtesad Media Group, the...
  • Home Rents  to Rise by 15%  in Summer
    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...
  • Local Ride-Hailing App Releases Latest Figures
    In a gathering to report MTN-Irancell’s activities and projects, ride-hailing company Snapp, supported by the mobile operator, announced statistics regarding the service’s fortunes. During the...
  • Since the Iran nuclear deal came into effect in early 2016, many EU companies have engaged in deals with Iranian companies.
    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...
  • Non-Oil Trade With Sweden Exceeds 100%
    Iran traded $723.35 million worth of non-oil goods with Sweden during the last Iranian year...
  • Federica Mogherini
    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...
  • IMIDRO Outlines Steel Sector’s Monthly Performance
    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...
  • Pergas Consortium Signs HOA to Develop Iranian Oilfield
    Pergas Consortium, a group of international oil and gas companies, signed a heads of agreement (HOA) on Wednesday with the National Iranian South Oil Company on developing Karanj Oilfield in...
  • Sorena Sattari
    A memorandum of understanding was signed between MTN-Irancell, University of Tehran and science and technology officials on Sunday, working toward the establishment of a venture capital fund and a...
  • Non-Oil Trade With Oman Rises 13%
    Iran traded $736.63 million worth of non-oil goods with Oman during the last Iranian year (ended March 20, 2018), marking a 13.63% rise compared to the year before, 
  • Zero Contribution of Productivity to Economic Growth
    Productivity was expected to contribute 30% of Iran’s economic growth as per the fourth and fifth five-year development plans (2006-11 and 2011-12) respectively, the head of National Iranian...
  • Google Under Scrutiny in Australia
    Google is under investigation in Australia following claims that it collects data from millions of Android...
  • China, Russia Ready to Replace Europeans in Railroad Projects
    European companies active in Iran’s rail sector have not yet taken a stance whether to continue or end their cooperation with the Iranian sides after the US unilateral pullout from Iran’s nuclear...
  • Iranian steelmakers produced 41.66 million tons of products during the year to register a 13.7% growth compared to last year’s corresponding period.
    Iranian steelmakers exported 8.49 million tons of products during the last fiscal year (ended March 20, 2018), registering a 53.4% year-on-year growth, the Iranian Steel Producers Association said...
  • About 907 million shares valued at $38.81 million changed hands at TSE on May 15.
    Tehran Stock Exchange’s main index gained 202.66 points or 0.21% on Monday compared to the day before to end trade at 94,906.1. About 907 million shares valued at $38.81 million changed hands at...
  • Compliance With US Demands Will Harm NZ Exporters
    New Zealand businesses would suffer if its government gave in to threats from the United States...
  • The Economy's Ministry's statement was issued in response to media reports that cast doubt over the fate of finance deals.
    The Economy Ministry has issued a statement, denying that the finance deals signed by Iran with other countries are jeopardized or dead, now that the US has decided to pull out of the multilateral...
  • Mazandaran to Establish House of Commerce in Volgograd
    An agreement has been reached between the head of Mazandaran Chamber of Commerce and the head of Volgograd Chamber of Commerce and Industry in Russia to set up a house of commerce in the Russian...
  • Akbar Qanbarpour
    The 7th International Innovation and Technology Exhibition (Inotex 2018) is set to put the development of smart cities under the limelight and draw attention to the application of modern...
  • EU Leaders to Discuss Iran Economic Options Today
    European Union leaders will discuss on Wednesday shielding European companies doing business with Iran from US sanctions, a senior official said as the bloc is in damage control mode following...
  • Alborz Attracts $555m in FDI Post JCPOA
    Alborz Province in north-central Iran has attracted $555 million in foreign direct investment following the nuclear deal Iran signed with world powers in 2015 (known as Joint Comprehensive Plan of...
  • With ITU’s Support Iran Hosts Cybersecurity Course
    A world-class cybersecurity training program is currently being held in Tehran jointly by the International Telecommunication Union (ITU), Indian Advanced Level Telecom Training Center (ALTTC) and...
  • Business as Usual at Iranian Ports
    Despite US withdrawal from the nuclear deal, it's currently business as usual for foreign container shipping operators at Iranian ports, a deputy head of Ports and Maritime Organization said. "...