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February 09,2022
The Central Bank of Iran says it is in the process of moving all banking operations online to help improve access to banking services by a larger segment of the population.
“This would augment...
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February 07,2022
Private banks have a minimal role in confiscating real estate of business owners who defaulted on their loans.
“At present only 11 small and medium-sized manufacturing units are under the...
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February 06,2022
Central Bank of Iran data show that term deposits are growing over sight deposits, yet another indication that people keeping their money in banks for longer periods.
Total term deposits were 34,...
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February 02,2022
An official at the Economy Ministry said the new collateral-free lending program is not all-inclusive.
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January 16,2022
The interbank interest rate declined for the second straight week after reaching the one-year high of 21.11% on Dec. 30.
Stepping back from the recent highs, the interbank rate declined to 20.5...
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January 15,2022
Banks must concentrate on the credit rating of customers when studying loan requests, the Central Bank of Iran’s head of information department said.
“Lenders are obliged to make thorough...
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January 15,2022
New data from the Central Bank of Iran show banks and credit institutions performed better in recovering non-performing loans in first half of current fiscal year ending Sep.22.
The ratio of NPLs...
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January 02,2022
The Industries Ministry and seven banks signed a memorandum of understanding Saturday for a pilot program for a new supply chain finance (SCF) announced by the Central Bank of Iran.
The banks...
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December 14,2021
Private banks and credit institutions are against increasing interest rates, the secretary of Iran's Private Banks and Credit Institutions Council said.
"Bank CEOs agreed to comply with rates set...
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December 13,2021
Net earnings of eight Iranian state-owned banks and the Central Bank of Iran has been forecast at 2,314.28 trillion rials ($7.8 billion) in the March 2022-23 draft budget.
This is 25% higher on...
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December 10,2021
Data released by the Central Bank of Iran shows check transactions declined remarkably in the month ending Oct 22.
More than 5.4 million checks worth 2,005 trillion rials ($6.7 billion) changed...
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December 05,2021
The government has agreed to again extend the loan repayment timelines for troubled manufacturers, the Economy minister said.
According to Ehsan Khandouzi, the National Coronavirus Headquarters...
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November 28,2021
Interbank rates have been declining over 14 straight weeks reaching 21.09% on Thursday, the highest in one year.
The rate was 19.9% in late March before declining to 17.95% on July 8, the lowest...
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November 27,2021
Banks and credit institution henceforth must submit a copy of the loan contract to borrowers, the Central Bank of Iran said.
The copy must bear the same legal value as the original the contract...
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November 27,2021
Banks and credit institutions paid more marriage loans in the present fiscal year (started in March), said the head of public relations department of the Central Bank of Iran.
“Lenders gave 666,...
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November 24,2021
Bahrain has been ordered by the Permanent Court of Arbitration in The Hague to pay over €200 million in damages plus costs to two Iranian banks for the unlawful moves against f their operations in...
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November 20,2021
Loans by banks and credit institutions reached 14,828.9 trillion rials ($52.9 billion) in the first seven months of current fiscal year (March 21-Oct 22).
Lending increased 5,474.2 trillion rials...
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November 20,2021
The Central Bank of Iran has announced tougher restrictions on underperforming banks as part of measures to “control money issuance” by banks.
It increased reserve requirements of five banks by 13...
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November 09,2021
Lawmakers accepted a call by the Majlis Economic Commission on Tuesday to investigate the performance of state-run and semi-private banks.
The probe, among other things, will look into issues...
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November 09,2021
The governor of the Central Bank of Iran has asked banks to determine the credibility of those seeking small loans.
Speaking to CEOs of banks, Ali Salehabadi also called for easing the lending...
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November 01,2021
Economy Ministry data show banks have been far from upholding the business ethic of equality in their lending practices.
Data published by the ministry news portal, shada.ir, indicate loan-to-...
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October 30,2021
Interbank rates continue to rise climbing to 20.31% as of Thursday, the Central Bank of Iran said.
Rates have been of the ascending order since late August rising from 18.29% and now are the...
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October 30,2021
Date released by the Central Bank of Iran show the reserve requirement of banks increased more than twofold in three years.
The legal reserves rose from 154 trillion rials ($570 million) in...
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October 27,2021
Banks gave 198.9 trillion rials ($730 million) to 857 knowledge-based companies in new credit and loans in the first half of current fiscal year (March 21-Sept 22).
The lending was 102.6% higher...
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October 25,2021
The Central Bank of Iran in an edict to banks announced caps for working capital loans.
As per the order published in domestic news outlets on Monday, the maximum working capital loan banks can...