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.
May 12, 2019 19:19
-
May 12,2019The Central Bank of Iran published a note on its website to clarify ambiguities about the one-time password that will soon be offered by banks. It covers a range of issues pertaining to the... -
May 11,2019The Central Bank of Iran is strongly opposed to the policy of printing money to plug budget holes, Abdolnasser Hemmati, the CBI boss, said. He said the government is stepping up efforts to find... -
May 10,2019Banks divested over 120 trillion rials ($800 million) in surplus holdings in the last fiscal (March 2018-19), the deputy economy minister for banking, insurance and state-owned companies said.... -
May 05,2019Lawmakers on Sunday decided to look into the performance of the Central Bank of Iran during the past five years. The bank’s seemingly poor performance in regulating the currency market and the... -
May 03,2019Banks and credit institutions continue to reduce their local branches in the past three months, although the overall cuts are not significant, IBENA reported. A total of 23,395 branches of banks... -
May 03,2019Governor of the Central Bank of Iran has outlined six monetary and banking plans to help fend off the new US economic sanctions. Abdolnasser Hemmati in an Instagram post Friday said the CBI is... -
April 28,2019The Central Bank of Iran is striving to find solutions to curb the galloping inflation rates with the help of workable and viable monetary policies. In an Instagram post on Sunday the CBI boss... -
April 21,2019The governor of the Central Bank of Iran discussed bilateral banking and monetary cooperation with senior Swiss and Turkish diplomats on Thursday. In the meeting with Abdolnasser Hemmati, the... -
April 17,2019The Central Bank of Iran’s policy to launch Open Market Operation was officially approved by the Money and Credit Council – a major monetary decision-making body – on Tuesday. The policy was... -
April 14,2019The Central Bank of Iran and the prosecutor general have agreed to freeze fraudulent bank accounts that collect people's donations for the flood victims, the spokeswoman of Majlis Economic... -
April 14,2019Conditions have never been as favorable as they are now for the Central Bank of Iran to launch the much-touted Open Market Operation policy, a financial expert says. Kamran Nadri said the market... -
April 14,2019After previously limiting foreign exchange transactions in the United Arab Emirates, the Central Bank of Iran has reportedly reactivated the remaining channels there to help increase hard currency... -
April 13,2019Governor of the Central Bank of Iran says the government decision to withdraw money from the National Development Fund of Iran, the country's sovereign wealth fund, could be an opportunity to help... -
April 13,2019The prosecutor general of western Ilam Province said Saturday medical centers which don’t abide by the law on using point of sale (POS) devices will be shut down. -
April 10,2019The Central Bank of Iran has put in place the infrastructure for launching a new mechanism to distribute essential goods eligible for subsidized currency. The system operates using only national ID... -
April 07,2019Governor of the Central Bank of Iran says Iraq has paid a large part of its debt to Iran. The debts are mainly related to Iranian gas and electricity export to the neighboring country. The... -
April 06,2019As part of the process of merging five banks and credit institutions affiliated to the armed forces with Bank Sepah, the shares of the lenders are sold on Sunday. The share offer will last for... -
March 28,2019A Luxembourg court rejected a US request to compensate victims of the Twin Tower attacks by seizing assets from Iran. -
March 16,2019Governor of the Central Bank of Iran said the corresponding entity to the Special Purpose Vehicle known as INSTEX created by the European Union to enable non-dollar trade with Iran will be... -
March 11,2019The Deputy for Banking and Insurance Affairs at the Economy Ministry said during the one year between December 2018-19, 100 trillion rials ($770 million) worth of excess property of banks was... -
March 09,2019A senior former banker says the planned merger of five banks affiliated to the armed forces with the government-owned Bank Sepah can be a step in the right direction in that it would cut costs.... -
March 06,2019In a move to stimulate the sluggish housing market and increase homeownership, the Money and Credit Council - a major monetary decision making body - agreed to raise the ceiling of house... -
March 04,2019To help again rescue the dysfunctional local auto industry, the Central Bank of Iran agreed last month to lend €844 million to the two main companies, Iran Khodro and SAIPA. Now the two sides are... -
March 03,2019The governor of Central Bank of Iran says the CBI has so far allocated $38 billion in foreign currency for imports. Out of this amount, $9.3 billion was allocated via Nima (the integrated forex... -
March 02,2019The Central Bank of Iran said Saturday that plans for merging five banks and credit institutions affiliated to armed forces with the state-owned Bank Sepah is in motion. A notice published on...
