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 19,2023Commercial banks are planning to open offices and branches in Russia, a deputy governor of the Central Bank of Iran says. "Last month we recommended two commercial banks to start operations in... -
May 17,2023Russia’s second-largest bank VTB has opened a representative office in Iran, an Iranian official said on Wednesday, as Moscow and Tehran, both restrained by western sanctions, seek to improve trade...
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May 07,2023The Central Bank of Iran has told banks to raise fees for banking services in rial and electronic modes. It also unveiled a long-awaited fee model for transactions per which payment acquirers,...
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April 29,2023The Central Bank of Iran's plan of action separating commercial bank accounts from personal accounts are moving ahead in cooperation with the tax authority, Hassan Mirzapour, the head of CBI's...
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January 24,2023More than 499,000 checks bounced in the ninth fiscal month ending Dec. 22, up 0.6% on the previous month. The checks were worth 338 trillion rials ($804.7 million), posting 1.6% decline on a...
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January 17,2023The loan to deposit ratio (LDR) declined for nine months to December 22 by 82.4%, which was 0.3 percentage points lower than the beginning of the fiscal year last March at 83%, the Central Bank of...
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January 16,2023Banks and credit institutions are mandated to allocate up to 2,000 trillion rials ($4.92 billion) in interest-free lending for government programs including loans to newlyweds, for childbirth and...
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December 09,2022Banks paid an estimated 23,312 trillion rials ($66.02 billion) in loans in the first seven months of the current fiscal year (started in March 2022), registering 47.2% growth on the same period...
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December 06,2022Private and state-owned banks have sold 670 trillion rials ($1.8 billion) in surplus assets since 2015, the Economy Minister Ehsan Khandouzi said.
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November 29,2022Debts of banks and credit institutions to the Central Bank of Iran declined 2.88% in the month to September 22. According to the latest figures, the debts amounted to 1,660.2 trillion rials ($4.7...
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November 20,2022President Ebrahim Raisi has instructed the Central Bank of Iran and commercial lenders to concentrate on streamlining regulations, improve lending and financial discipline, facilitate interaction...
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November 20,2022The State Bank of Pakistan (SBP) has not opened any formal banking channels with Iranian and Russian markets due to which their potential cannot be tapped, says the Pakistan Business Forum (PBF)....
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September 03,2022Head of the Tehran Chamber of Chamber of Commerce, Industries, Mines and Agriculture said the banking bill now being debated in the Majlis is a matter of concern for private companies. Mosoud...
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August 20,2022The ratio of loans to deposits continued to decline in the last calendar month ending July 22, extending a declining order that has lasted for the fourth straight month. The loan-to-deposit ratio...
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August 16,2022The Central Bank of Iran on Tuesday announced new rules to curb the growth of banks assets and control their balance sheets. The regulator appraises the performance of banks based on...
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August 09,2022Financial statements of several banks and credit institutions listed in the stock market show most are disinclined to lend. Financial data of 11 banks analyzed by the Economy Ministry news website...
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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...
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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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