Iran Banking News
Trusted source for Iran Banking news. Daily news stories about Iran banking industry along with up-to-date statistics about the performance of Iranian banks.
August 09, 2020 20:04
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August 09,2020The loan-to-deposit ratio (LDR) fell by 3.2 percentage points in the month to May 20 compared with the same month in the last fiscal year, to reach 77%, indicating banks’ increasing aversion to...
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August 02,2020The Central Bank of Iran says the coronavirus pandemic, deepening budget deficit and disruption in foreign trade are largely responsible for pushing up consumer prices in recent months. The bank... -
July 21,2020Head of the Tehran Chamber of Commerce, Industries, Mines and Agriculture says the chamber has called on the government to explain on what premise it has calculated the amount of unreturned export... -
July 20,2020The Central Bank of Iran has expanded the list of businesses directly hurt by the outbreak of coronavirus, and therefore eligible to receive government-backed loans. -
July 14,2020Iran and Russia are still discussing integrating interbank transaction networks, Russia's Mir and Iran's Shetab, to ease transactions between the people and businesses of the two countries, an... -
July 11,2020Deposits with banks and credit institutions reached 27,766 trillion rials ($126.2 billion as per Saturday’s forex rates) up until the end of the calendar month to April 19. Bank deposits... -
July 10,2020The Central Bank of Iran on Thursday said lenders can raise the ceiling when issuing certificate of deposit up to a level that doesn’t cross 20% of total long-term deposits at the end of last... -
July 07,2020The government raised 49.9 trillion rials ($232 million) by selling Islamic bonds in the debt market on Tuesday. Out of this figure, 19.9 trillion rials ($92 million) was sold to lenders and non-... -
July 04,2020Selected foreign exchange bureaus affiliated to the Central Bank of Iran pushed up dollar rates above the historic 200,000 rials on Saturday. This came after price gaps between the CBI... -
July 03,2020Governor of the Central Bank of Iran Abdolnasser Hemmati said Friday the government will use part of the existing money supply to plug the fiscal deficit. Hemmati said this in his social media... -
July 01,2020Islamic bonds worth 63 trillion rials ($331 million) were bought by lenders and non-bank financial institutions on Tuesday during the fifth bond auction held by the Central Bank of Iran. CBI... -
June 29,2020The Central Bank of Iran has finalized the draft of a regulatory framework for e-wallets that is expected to be unveiled soon, said Ayandeh Bank's deputy for electronic banking affairs. "The... -
June 28,2020The Central Bank of Iran said it is planning to launch euro-denominated certificate of deposit to reduce the volume of rials held by the public and downsize the money supply, the bank’s governor... -
June 24,2020The Central Bank of Iran said Wednesday that it would set the cap on interest rates for interbank deposits at 12%, up from the previous 10%. In a press release on its website, the CBI said the... -
June 21,2020The Central Bank of Iran issued an ultimatum on Sunday to non-oil exporters to expedite repatriation of their overseas earnings. If they fail to comply their names will be made public through the... -
June 15,2020The Central Bank of Iran said in a report that broad money supply reached 24,721.5 trillion rials ($137 billion) when the fiscal year ended in the third week of March. Broad money grew by 5,893.5... -
June 08,2020Bank Melli Iran, the biggest lender, accepted 14,000 marriage loan applications worth 7.4 trillion rials ($43.5 million) during the first two months of current fiscal year (March 20-May 20). ... -
June 05,2020In the first Central Bank of Iran auction of Islamic bonds on Tuesday, the government generated 51 trillion rials ($300 million). The move to open a primary interbank market for bond auctions is a... -
May 31,2020The Central Bank of Iran said it will implement more aspects of open market operation that involves regulating the borrowing of lenders from the CBI by obliging them to put up enough collateral... -
May 31,2020The Central Bank of Iran on Sunday tasked the state-owned Bank Melli Iran to open accounts for foreign investors seeking residence permit. -
May 31,2020Economists of all stripes have voiced strong reservations about central bank’s bold decision to set an inflation target of 22%. This, they say, is subject to conditions which if not realized would... -
May 29,2020The Central Bank of Iran will hold its first auction of government bonds on Tuesday. It has asked banks to place buy orders for the Murabeha bonds on the interbank trading platform. Bonds are... -
May 29,2020The coronavirus has stoked concerns about losing one’s savings as more people entered the housing market in the month ending May 20 to register an 809.9% rise in home deals compared with the... -
May 26,2020The Central Bank of Iran says based on “realistic assumptions and scenarios” it will set the inflation target at 22% during the current fiscal year that ends in March 2021. The announcement came... -
May 22,2020Fluctuations in forex market in recent months have compelled the Central Bank of Iran to seek help from authorized exchange bureaus to restore stability to the chaotic market. Outlining the...
