Deposit Rate in Iran

Deposits in Iranian banks and credit institutions totaled 20,223 trillion rials ($155 billion) during the eleven-months to Feb 19, up 32% compared to the same period a year ago. The deposits…

When major players of the Iranian banking system next convene in the foreseeable future, addressing the oft-visited dilemma of interest rates will be on top of their agenda, the head of the…

The current lending rates are not favorable to manufacturers and the Central Bank of Iran is working to ensure the rates move on a downward trajectory, says CBI’s deputy for supervisory affairs.…

Money and Credit Council -- the country’s highest monetary policymaking body -- has given its approval to lowering deposit rates as of Feb. 20, the Central Bank of Iran announced late Tuesday.

Top managers of private and state-owned banks have agreed to set the deposit rate ceiling at 20 percent, IRNA reported, citing Abdonasser Hemmati, head of the coordination council of state-owned…

The administration supports the idea of decreasing deposit rates from maximum 22 percent now, said Mohammad Bagher Nobakht, the president’s adviser for supervision and strategic affairs.