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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August 06,2021Central Bank of Iran data shows despite decline in growth of sight deposits, depositors are keen about keeping their money in banks so long as term interest rates on deposits and sight deposits are... -
July 25,2021The number of bank cards in use is 268 million, which means that there are 3.3 cards per person, an official at the Central Bank of Iran said. As per available data Iran’s population is over 83...
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July 14,2021Banks and credit institutions paid 4976.9 trillion rials ($20.2 billion) in loans to businesses in during the first three months of the current fiscal year that started on March 21. The lending...
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July 12,2021The Majlis Commission for Article 90 has asked the economy minister to provide details of the megamerger involving five military banks and the state-owned Bank Sepah in December.
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June 28,2021Due to chronic inflation and the rising need for bank loans, credit given by banks has increased dramatically in the past decade. Overall lending increased by almost 9.4 times over ten years,...
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June 28,2021Banks and credit institution took over possession of more than 1,700 properties from businesses that defaulted on their loans, said the secretary of the Coordination Council of State and Privatized...
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June 27,2021Ten big banks operated more than 47,000 automated teller machines (ATMs) in Iran by April 21, accounting for 78% of the total.
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June 14,2021Banks injected more than 18,989.2 trillion rials ($82.5 billion) into the economy in the last calendar year (ended March 20). The amount was up 9,239.3 trillion rials ($40b) or 94.8% compared to...
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June 11,2021The ratio of non-performing loans to total loans by Iranian banks was 8.5% by end of the third quarter of the last fiscal year (Dec. 2020). It was a slight improvement compared to the 8.7%...
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June 08,2021Interest rates have been on a steady decline at the interbank market in recent months to reach 18.49% as of June 3, the lowest in nine months. That was down from 19.24% registered almost a week...
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June 07,2021The Central Bank of Iran announced regulations guiding the acquisition of stake in investment banks and market-making companies by banks and credit institutions. The regulations allow banks to own...
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May 19,2021The Central Bank of Iran Tuesday unveiled the ‘Centralized Database for Loans and Commitments’ known by its Persian acronym Samat, planned to enhance the CBI’s oversight of loans by banks....
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May 09,2021The Majlis Research Center says the banking sector is saddled with inherently weak but invisible balance sheets and the gap between banks’ income and expenditure has widened over time. Decline in...
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April 29,2021The Majlis Research Center says it welcomes provisions of a bill lawmakers are debating to reform the ailing banking sector. It said the present rules were passed half a century ago, are imbued...
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April 27,2021The Central Bank of Iran announced that as of April 26, the PAYA network, an electronic clearing house, has stopped processing transactions lacking full ID of bank customers.
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April 24,2021Data released by the Central Bank of Iran show lending by banks increased in the month to January 19. The loan-to-deposit ratio rose 1.4% to reach 80.8% indicating a 2.2% increase compared to the...
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April 24,2021Data released by the Central Bank of Iran indicate that banks handled transactions worth almost 775.3 trillion rials ($3.2 billion) a day at the interbank market in the previous fiscal year (March...
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April 21,2021The Central Bank of Iran said banks and credit institutions can issue debit cards for companies and legal entities.
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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...
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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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