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.
September 05, 2020 22:12
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October 19,2020The Central Bank of Iran says it has conducted the first repurchase agreement (repo) operation to implement the open market operation to regulate interbank interest rates. Repo is a form of... -
October 17,2020In a report on macroeconomic variables, the Central Bank of Iran said soaring foreign exchange rates could buck the declining trend of inflation in the coming months. Tracking inflation in the... -
October 02,2020The Central Bank of Iran says its efforts have delivered in curbing growth of the monetary base during the first six months of current fiscal year (March 20-Sep 21). The monetary base grew by 5.4... -
September 28,2020Banks and credit institutions paid 5,060.8 trillion rials ($18 billion) in loans to businesses in the first five months of the current fiscal year (March 20-August 21). Compared to lending in the... -
September 25,2020The central bank will resist attempts to pay the rial equivalent of loans taken from the National Development Fund of Iran in bid to avoid overburdening the bank’s balance sheet by printing money... -
September 25,2020After touching 280,000 rials on Wednesday, the US dollar again extended gains against the rial on Thursday. It sold for 286,500 rials in Tehran’s open market, rising 6,000 rials, or 2%, compared to... -
September 15,2020Bank Melli Iran lent 42.7 trillion ($170 million) rials in marriage loans to newlyweds in the first five months of the current fiscal year (March 20-August 21). -
September 13,2020The Central Bank of Iran continues to exercise flexibility toward exporting companies regarding the repatriation of export earnings, the bank’s governor said. “The central bank believes in... -
September 05,2020Banks owned by the government sold 280 trillion rials ($1.2 billion) in assets since January 2018, the Ministry of Economy said in a report. Lenders sold nonfinancial assets worth 130 trillion... -
September 04,2020The Central Bank of Iran outlined key measures to tame mounting inflation and guide it toward the ±22% target. In a press release on its website, the CBI linked the galloping inflation to the... -
September 02,2020The Central Bank of Iran in a bid to help facilitate micropayments on Tuesday unveiled a regulatory framework for fintechs dealing with electronic wallets. Banks and credit institutions are now... -
September 01,2020Eghtesad Novin Bank, also known as EN Bank, put some of its nonfinancial assets on sale becoming the first private lender to tap the capital market for surrendering assets. The bank placed a... -
August 30,2020The Central Bank of Iran in a statement said it will resort to legal action to counter efforts to seize its assets at Deutsche Boerse’s Clearstream unit. The statement was in response to reports... -
August 26,2020The Money and Credit Council, the top monetary decision-making body, has obliged banks to allocate at least 3% of their financial resources to buy bonds issued by the government. It issued a three-... -
August 26,2020Banks and non-bank credit institutions can offer electronic wallets to help facilitate micro transactions, says the Money and Credit Council, the highest supervisory and regulatory body of Iran's... -
August 25,2020State-owned Bank Melli Iran, the largest domestic lender, says it ceded nonfinancial assets worth 26.13 trillion rials ($113 million) in the first five months (March 20- August 21) of the current... -
August 23,2020Iran’s Fintech Association has proposed a new fee system for online payment in which payment aggregators and payment service providers cover the network fees, which are currently paid by banks. -
August 14,2020The Central Bank of Iran again raised the lower bound of interest rate corridor (IRC) in the interbank market to further narrow the interbank interest rate spread. In a press release seen on its... -
August 09,2020The loan-to-deposit ratio (LDR) fell by 3.2 percentage points in the month to May 20 compared with the same month in the last fiscal year, to reach 77%, indicating banks’ increasing aversion to...
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August 02,2020The Central Bank of Iran says the coronavirus pandemic, deepening budget deficit and disruption in foreign trade are largely responsible for pushing up consumer prices in recent months. The bank... -
July 21,2020Head of the Tehran Chamber of Commerce, Industries, Mines and Agriculture says the chamber has called on the government to explain on what premise it has calculated the amount of unreturned export... -
July 20,2020The Central Bank of Iran has expanded the list of businesses directly hurt by the outbreak of coronavirus, and therefore eligible to receive government-backed loans. -
July 14,2020Iran and Russia are still discussing integrating interbank transaction networks, Russia's Mir and Iran's Shetab, to ease transactions between the people and businesses of the two countries, an... -
July 11,2020Deposits with banks and credit institutions reached 27,766 trillion rials ($126.2 billion as per Saturday’s forex rates) up until the end of the calendar month to April 19. Bank deposits... -
July 10,2020The Central Bank of Iran on Thursday said lenders can raise the ceiling when issuing certificate of deposit up to a level that doesn’t cross 20% of total long-term deposits at the end of last...
