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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May 24,2022Iranian banks and credit institutions gave 1,426.9 trillion rials ($4.7 billion) in loans in the first month of the present fiscal year (March 21- April 21). The loans were up 22.8% or 265.3... -
May 22,2022Head of the judiciary-affiliated General Inspection Organization of Iran (GIO) has ordered its inspectors to closely examine the performance of banks. Zabihollah Khodaiyan underlined the need and...
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May 13,2022The Central Bank of Iran on Wednesday asked banks and credit institutions to withhold processing transactions suspicious of money-laundering. In a press statement posted on its website, the CBI...
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May 08,2022The Central Bank of Iran said the ratio of non-performing loans improved in the third quarter of the last fiscal year (Oct. 22-Dec. 21, 2021). The ratio of NPLs to total loans stood at 7.1% by...
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April 24,2022Banks and credit institutions gave 29,681.6 trillion rials ($107 billion) in loans and credit in the last fiscal year that ended in March. Recent data released by the Central Bank of Iran show...
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April 23,2022New monetary data show growth in the monetary base is driven more by bank debts to the Central Bank of Iran and less by CBI’s foreign debts. The total debt of banks to the CBI was 1,859.7...
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February 26,2022The Majlis on Wednesday lifted a ban on taxing interest on bank deposits of legal and institutional bodies. So far the Iranian National Tax Administration was not allowed to tax interest of bank...
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February 26,2022The Governor of the Central Bank of Iran Ali Salehabadi conferred with Mustafa Ghaleb, the governor of Central Bank of Iraq, on Thursday in Tehran.
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February 22,2022Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has warned lawmakers about passing legislation that put banks under additional financial pressure. The rare caveat came in a follow-...
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February 09,2022The Central Bank of Iran says it is in the process of moving all banking operations online to help improve access to banking services by a larger segment of the population. “This would augment...
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February 07,2022Private banks have a minimal role in confiscating real estate of business owners who defaulted on their loans. “At present only 11 small and medium-sized manufacturing units are under the...
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February 06,2022Central Bank of Iran data show that term deposits are growing over sight deposits, yet another indication that people keeping their money in banks for longer periods. Total term deposits were 34,...
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February 02,2022An official at the Economy Ministry said the new collateral-free lending program is not all-inclusive.
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January 16,2022The interbank interest rate declined for the second straight week after reaching the one-year high of 21.11% on Dec. 30. Stepping back from the recent highs, the interbank rate declined to 20.5...
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January 15,2022Banks must concentrate on the credit rating of customers when studying loan requests, the Central Bank of Iran’s head of information department said. “Lenders are obliged to make thorough...
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January 15,2022New data from the Central Bank of Iran show banks and credit institutions performed better in recovering non-performing loans in first half of current fiscal year ending Sep.22. The ratio of NPLs...
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January 02,2022The Industries Ministry and seven banks signed a memorandum of understanding Saturday for a pilot program for a new supply chain finance (SCF) announced by the Central Bank of Iran. The banks...
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December 14,2021Private banks and credit institutions are against increasing interest rates, the secretary of Iran's Private Banks and Credit Institutions Council said. "Bank CEOs agreed to comply with rates set...
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December 13,2021Net earnings of eight Iranian state-owned banks and the Central Bank of Iran has been forecast at 2,314.28 trillion rials ($7.8 billion) in the March 2022-23 draft budget. This is 25% higher on...
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December 10,2021Data released by the Central Bank of Iran shows check transactions declined remarkably in the month ending Oct 22. More than 5.4 million checks worth 2,005 trillion rials ($6.7 billion) changed...
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December 05,2021The government has agreed to again extend the loan repayment timelines for troubled manufacturers, the Economy minister said. According to Ehsan Khandouzi, the National Coronavirus Headquarters...
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November 28,2021Interbank rates have been declining over 14 straight weeks reaching 21.09% on Thursday, the highest in one year. The rate was 19.9% in late March before declining to 17.95% on July 8, the lowest...
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November 27,2021Banks and credit institution henceforth must submit a copy of the loan contract to borrowers, the Central Bank of Iran said. The copy must bear the same legal value as the original the contract...
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November 27,2021Banks and credit institutions paid more marriage loans in the present fiscal year (started in March), said the head of public relations department of the Central Bank of Iran. “Lenders gave 666,...
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November 24,2021Bahrain has been ordered by the Permanent Court of Arbitration in The Hague to pay over €200 million in damages plus costs to two Iranian banks for the unlawful moves against f their operations in...
