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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April 11,2021Banks and credit institutions are barred from processing payment requests of customers lacking complete ID information stored in the banks’ data center as of April 26, an official with the Central... -
March 17,2021Banks and credit institutions paid 16,060.5 trillion rials ($64.2 billion) in loans to businesses in 11 months since the beginning of current fiscal year that ends on March 20.
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February 02,2021As seen in the past few months, growth of sight deposits again far outweighed term deposits in the month to Dec.20, the Central Bank of Iran reported. Also known as time deposits, total term...
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January 29,2021New banking rules banning transactions of "unidentified" customers are not restricted to foreigners or refugees in Iran, and applies all customers whose ID is not registered with banks, the...
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January 12,2021In line with measures to improve security and transparency of bank transactions, the Central Bank of Iran said it plans to block unidentified transactions in less than two weeks. Mehran Mahramian...
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January 05,2021The Majlis Joint Commission has made an amendment to the 2021-22 fiscal budget bill based on which state banks can increase capital by up to 100 trillion rials ($400 million) by selling...
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January 01,2021The Iranian National Tax Administration unveiled the first phase of an electronic platform to monitor banking operations.
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December 19,2020Despite higher bank fees the banking sector is expected to decline 0.3% in the current fiscal year that ends in March, estimations by the Majlis Research Center show. In a report covering key...
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December 06,2020The Central Bank of Iran has announced new guidelines for divesting non-financial assets of banks and credit institutions. The guidelines are as per provisions of the law to Remove Barriers to...
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November 15,2020The governor of the Central Bank of Iran Abdolnasser Hemmati again instructed the CEOs of banks and credit institutions on Thursday to enforce anti-money laundering rules with extra diligence. In...
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November 14,2020The Central Bank of Iran says it lent to banks last week in need of liquidity by implementing open market operation. The CBI conducted the repurchase agreement (repo) and gave 26.5 trillion rials...
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November 04,2020With money supply expanding at tremendous speed the growth of sight deposits in banks far outpaced term deposits in the first six months of current fiscal year (March 20- Sept.21) This reflects...
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November 03,2020Electronic banking charges are higher than what customers pay, says the Central Bank of Iran's deputy governor for innovative technologies, elaborating the reasons behind the recent increase in...
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October 31,2020The Central Bank of Iran has required banks to charge customers higher fees for banking operations in rial and electronic banking services. New banking fees will be implemented from Nov. 22, the...
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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...
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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...
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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...
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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-...
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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.
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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...
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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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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...
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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...
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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...
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May 12,2020The government will launch one of its biggest schemes to divest banks’ non-financial assets in the coming week, a deputy minister of economy said. The divestiture is related to non-financial...
