Iran Banking News

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. 

  • Interbank Rate Tweak to Impact Interest Rates
    07/19/2018
    Officials at the Central Bank of Iran have announced the decision to change interbank interest rates in a move that will subsequently impact deposit interest rates, a senior official at the Tehran...
  • Islamic Finance Coop. With REDmoney
    07/18/2018
    The Iranian Association of Islamic Finance has signed a memorandum of understanding to expand cooperation with REDmoney, a leading company organizing events on the Islamic financial markets across...
  • Iran Could Join Russia’s Regional Payment Network
    07/17/2018
    Russia is looking to establish a regional payment network in the foreseeable future and Iran can become a member if it meets the technical requirements, the chief executive of Informatics Services...
  • Challenges Ahead for Banking System
    07/17/2018
    The chief executive of Bank Refah said limited overseas operations and rising inflation driven mainly by the recent currency crisis will pose major challenges to the banking sector in the coming...
  • Government Approves Iranian Bank Branch in Mumbai
    07/15/2018
    Just weeks before US reimposes sanctions on Iran, the Indian government has approved a proposal from Iranian private lender Bank Pasargad to open a branch in Mumbai. According to Indian Express,...
  • Majlis Approves Plan to Combat Banking Sanctions
    07/12/2018
    Members of Iran’s Parliament have ratified a single-urgency plan containing seven articles that propose measures to nullify or weaken the impact of sanctions the US plans to reimpose on the country...
  • CBI Mulling Interest Rate Tweaks
    07/12/2018
    A senior Central Bank of Iran official said the bank is conducting studies to "revise" interest rates in the banking system.  "However, the evaluation of monetary variables and interest rates in...
  • Business as Usual at BMI’s Overseas Branches
    07/04/2018
    CEO of Bank Melli Iran, Mohammad Reza Hosseinzadeh, said the US pullout from the 2015 Iran nuclear deal has failed to undermine the bank’s overseas operations. “The US withdrawal from JCPOA will...
  • Iran Interbank Market Worth $1.5 Trillion in 2017-18
    07/03/2018
    A total of 38,101 deals worth more than 64.05 quadrillion rials ($1.51 trillion) were conducted in Iran's interbank market during the previous fiscal year that ended on March 20, 2018, the Central...
  • Banking Reforms in Final Lap
    07/03/2018
    The initiative to reform the country’s banking system is in its final stage with financial stability being at the core of the measures, the vice governor of the Central Bank of Iran said. Akbar...
  • CBI Eases Forex Rules for Int’l Exams
    07/03/2018
    Candidates attending international exams are eligible to apply for foreign currency at the official rate, the Central Bank of Iran said in a letter to the National Organization of Educational...
  • CBI Discloses List of Cheap Currency Recipients
    07/02/2018
    The Central Bank of Iran on Sunday published the full list of companies that have received foreign exchange for imports at the preferential rate of 42,000 rials.  The move comes after public...
  • Parliament Promises  Bank Reform by Yearend
    07/01/2018
    The Majlis Economic Commission has put in motion three plans to improve the country’s economic conditions, all of which concern the ailing banking system and will materialize in a matter of months...
  • On Tuesday, the US dollar continued to lose ground in the unofficial market where exchange rates  were quoted at around 80,000 rials. 
    06/27/2018
    President Hassan Rouhani announced on Tuesday that he has ordered the Central Bank of Iran and the Ministry of Industries, Mining and Trade to publish the list of all individuals and firms that...
  • Bank Pasargad Joins AIBE
    06/27/2018
    Bank Pasargad has joined the Association of Iranian Banks in Europe, an independent body established in Frankfurt, Germany, about a year ago to facilitate banking transactions between Iran and...
  • CBI, Capital Market Agree to Control  Gold Coin Bull Run
    06/25/2018
    As gold coin prices are skyrocketing, the Central Bank of Iran has reached an agreement with the capital market on implementing the latest scheme aimed at controlling the bull run. Representatives...
  • More Support for Tourism Sector
    06/25/2018
    Governor of the Central Bank of Iran Valiollah Seif has pledged greater support for domestic tourism, after a call from the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei to help shift...
  • Big Benefits of a German ‘Iran Bank’
    06/21/2018
    Since US President Donald Trump pulled out of the nuclear agreement with Iran, formally known as the Joint Comprehensive Plan of Action, the EU has been looking for ideas to prevent the worst: the...
  • Structural Reforms in Banks  to Help Ensure Fiscal Stability
    06/21/2018
    The second and final day of the Conference on Monetary and Foreign Exchange Policies came to a close in Tehran on Wednesday after focusing on structural reforms, mostly in the banking system, with...
  • Key Economic Figures Debate Iran’s Financial Condition
    06/20/2018
    Ongoing currency issues and the prospect of US reimposition of sanctions took a back seat on Tuesday at the annual Conference on Monetary and Foreign Exchange Policies in Tehran.  Instead,...
  • People walk by the Paris branch of Bank Saderat Iran.
    06/18/2018
    Bank Saderat Iran, which boasts the most expansive overseas presence among the more than 30 Iranian banks and credit institutions, has recently been connected to TARGET2, its chief executive...
  • Banking Sector Bloated 42%  in 15 Years
    06/13/2018
    The number of bank branches per capita increased by 42% over the 15-year period in the Iranian year ending March 20, 2017, according to the latest figures published by the Statistical Center of...
  • Banks Reclaiming TM Arrears
    06/12/2018
    Chief executives of some of Iran's biggest banks have met with the newly-elected mayor of Tehran, Mohammad Ali Afshani, to reach agreement on reclaiming billions of dollars in liabilities owed by...
  • Bank Saderat’s branch in Doha
    06/11/2018
    In spite of all efforts to boost economic ties with Qatar, Iran’s only active bank in the Arab nation, Bank Saderat, is still facing serious hurdles, according to its chief executive. “We have...
  • Governor of the Central Bank of Iran Valiollah Seif
    06/10/2018
    Governor of the Central Bank of Iran Valiollah Seif said the prospect of Iran and China using local currencies in bilateral trade will eliminate any difficulties arising from the fallout of the US...

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