Deposit Rates in Iran

The Money and Credit Council has allowed lenders to raise interest on term deposits, a move seemingly to curb the scale and scope of money flooding into some financial markets and to avoid…

The total time deposits in the banking system reached 2,796 trillion rials ($19.8 billion) by Dec 21, registering 24.2% growth compared to  the same period in 2018.  

A report on loans made by and deposits with banks and credit institutions says total deposits stood at 20,825 trillion rials ($173 billion) at the end of the first calendar month to April 20.…

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…

Governor of the Central Bank of Iran Abdolnasser Hemmati has announced the bank's decision to alter the liquidity structure by curbing money supply and lowering bank rates.  According to…

A new decision approved by the Money and Credit Council obliges banks and credit institutions to pay interest on deposits on a monthly basis, calculating the minimum balance in a month as the…

Bank Maskan, the agent bank of Iran’s housing sector, has released the latest report on its resources and expenses, indicating that its customers mostly favor short-term deposits.

The intrinsic quality of capital is that it cannot afford to stop growing, as the whole process of economic reproduction is conditioned on capital accumulation.

The system depends on…

The highly consequential issue of Iranian bank interest rates was the main topic of discussion in the latest event held in Tehran with a broad focus on financial stability. 

A report by Iran Chamber of Commerce, Industries, Mines and Agriculture said that during the first quarter of the current fiscal year that began on March 21, the money market registered the…

Private banks and credit institutions are in favor of lowering interest rates and they are currently holding negotiations in this regard with financial authorities, especially the Central Bank of…

A member of the Expediency Council, which resolves disputes between the parliament and the constitutional watchdog Guardians Council, has joined a string of officials and observers in calling for…

The Central Bank of Iran has issued formal warnings to 10 banks for violating interest rates set by the Money and Credit Council, the bank’s deputy for supervisory affairs announced.

Iranian banks have no plans to further lower interest rates until the end of the current fiscal year that ends on March 20.

The dual forex rate regime will come to an end within "the next two or three months", said the minister of economy in what is seen as the most definitive announcement by a top official about the…

The Iranian private sector’s deposits in banks and non-bank financial institutions reached 10.46 quadrillion rials ($333.8 billion at market exchange rate) by July 21, marking a 30.9% growth at an…

Chief executive of EN Bank denied that deposits have exited the banking system as a result of recent cuts in interest rate. CEOs of some major private lenders have reportedly protested against the…

The Money and Credit Council–the highest monetary decision-making body – voted Tuesday to lower lending rates by two percentage points. The decision comes after private banks decided earlier this…

Mohammad Reza Hosseinzadeh, head of the Coordination Council of Public Sector Banks, announced that the implementation of new one-year deposit rates and short-term deposit rates officially came…

Bank Maskan, Iran's main housing bank, has lowered the interest rate of its mortgages by two percentage points in a bid to help pull the dull property market out of stagnation.

The move…

Banks will lower lending rates in the coming days, said Central Bank of Iran governor, Valiollah Seif on Sunday. The announcement comes after private lenders’ recent move to voluntarily lower…

The head of the Association of Private Banks and Credit Institutions, Kourosh Parvizian, has sent a letter to Central Bank of Iran governor, Valiollah Seif, informing him about private lenders’…

Bank Pasargad has lowered its one-year deposit rates to 16%. The bank’s previous one-year deposit rate was 18%. According to ILNA, there has been talk of other banks such as Parsian Bank doing…

A senior banking official has predicted that another interest rate cut is likely at the beginning of the coming fiscal year (starting March 20),  describing the two previous rate cuts…

The Money and Credit Council – the highest monetary policymaker - is set to review interest rates today, a member of the council said.