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.
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October 16,2021Data released by Shaparak, the company in charge of supervising the domestic payment network, show more than 121.9 million bank cards were used at least once during the first sixth months of the... -
October 10,2021Banks held 75,206.8 trillion rials ($278 billion) in assets by the end of the month to August 22, indicating 43.8% increase compared to the same period last year. Banks' foreign assets posted 61%...
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October 10,2021The Economy Minister Ehsan Khandouzi said banks need to focus on ways and means to strengthen the economy saddled with high inflation, rising prices, low productivity, joblessness, declining value...
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October 08,2021Total deposits in banks and credit institutions grew by 47% by the end of the first quarter of the current fiscal year (started March 2021), to 43,149 trillion rials ($158.6 billion). Deposits...
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October 05,2021Interbank rates continued to rise this week for the sixth consecutive week amid the central bank’s expansionary measures. It surged to 19.35% to hit the highest level in the current fiscal year...
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September 29,2021Money issuance by banks is under the stringent oversight of the Central Bank of Iran, the CBI’s head of monetary and credit operations said. In a talk with state TV, Mohammad Nadali said the...
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September 29,2021Deposits in private banks reached 18,174 trillion rials ($66 billion) by the end of the fiscal year ending in March, posting 44% growth compared to the year before. Electronic Banking Magazine...
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September 25,2021Bad checks worth 299 trillion rials ($1.1 billion) bounced in the month to August 22, indicating a 30.8% rise over the preceding month. According to Central Bank of Iran data, the number of bad...
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September 25,2021Interbank rates continued to rise for the fifth consecutive week, reaching 19.1% as of Sep. 23, up from 18.29% a month ago. The rise is linked to shortage of liquidity in the interbank market....
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September 20,2021With the performance of some big state-run banks becoming public, the government has been blamed for pushing them on the verge of insolvency. Now a group of lawmakers has called on the government...
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September 17,2021The company in charge of supervising Iran's domestic payment network, Shaparak, said more than 118.8 million bank cards were used at least once in the calendar to August 22. The number was down 4....
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September 15,2021The Governor of Central Bank of Iran Akbar Komijani has again called on banks to exercise a robust control over their books. Addressing senior bank managers on Tuesday, Komijani said weak balance...
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September 06,2021The Central Bank of Iran is expanding the scale of its monitoring of banks’ lending policies with the help of innovative IT tools. The regulator has set up two IT-based platforms to look at all...
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September 04,2021Banks and credit institutions rejected 560,000 checks worth 229 trillion rials ($848 million) in the calendar month ending July 22. The figure shows a sharp decline compared to the preceding month...
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August 31,2021The economy minister said the banking system needs a paradigm shift to improve its role in expanding the economy by engaging in supply chain finance. Addressing the 31th Islamic Banking Conference...
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August 29,2021Lending to boost the housing sector and help people buy homes is expected to increase sharply in fiscal 2022, according to a lawmaker. As per the 2021-22 budget rules, Iranian banks are obliged to...
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August 28,2021Financial reports of banks show the majority are struggling with capital adequacy ratios (CARs) below global financial norms. Out of a total of 23 Iranian banks, CAR in eight was below zero, six...
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August 27,2021Financial statements of 18 banks and credit institutions listed with the stock market in Tehran show most made profit on loans, outweighing interest paid on deposits. Interest on loans stood at 2...
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August 23,2021The Ministry of Industries, Mining and Trade gave 19,000 trillion rials ($69.7 million) in loans to exporters of non-oil goods in the first four months of the current fiscal year that started in...
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August 21,2021Loans to deposit ratio stood at 80.2% at the end of first calendar month on April 21, up 1.7 percentage points compared to the same period last year. The ratio, however, was unchanged compared to...
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August 14,2021Banks and credit institutions paid loans worth 7,010 trillion rials ($26.9 billion) in the first four months of current fiscal year (March 21-July 21). Lending increased by 2500.9 trillion rials...
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August 08,2021Assets owned by banks reached 84,606.4 trillion rials ($338 billion) by the end of the previous quarter on June 21, 50.3% higher y/y. Foreign assets grew 60% y/y from 12,586.4 trillion rials ($50....
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August 06,2021Central Bank of Iran data shows despite decline in growth of sight deposits, depositors are keen about keeping their money in banks so long as term interest rates on deposits and sight deposits are...
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July 25,2021The number of bank cards in use is 268 million, which means that there are 3.3 cards per person, an official at the Central Bank of Iran said. As per available data Iran’s population is over 83...
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July 14,2021Banks and credit institutions paid 4976.9 trillion rials ($20.2 billion) in loans to businesses in during the first three months of the current fiscal year that started on March 21. The lending...
