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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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... -
April 25,2020The Central Bank of Iran has required banks and credit institutions to increase their loan to deposit ratio in each province to at least 50%. The new measure aims to help create a balance in...
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April 25,2020The process of merging five military banks and credit institutions with state-owned Bank Sepah will be complete in the current calendar month to May 20, CEO of Sepah said. The megamerger includes...
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April 21,2020The governor of the Central Bank of Iran on Monday urged lenders to tap into the stock market to divest shares and get rid of their non-financial assets. In a directive to CEO of banks and credit...
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March 11,2020Banks and financial institutions in Iran have been advised to curtail operations and take effective precautionary hygiene measures, especially where the coronavirus is widespread, to protect bank...
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March 08,2020Parliament has obliged banks to close accounts of customers whose identities are not clearly stated in the bank documents, a move seen as another step toward conforming to anti-money laundering...
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February 28,2020During the last round of open market operation by Central Bank of Iran Wednesday, none of the lenders put up their bonds on offer, indicating they are not now in need of liquidity. Within the...
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February 24,2020Debs of banks and credit institutions to the Central Bank of Iran declined 25.6% year-on-year to Dec. 21. Arrears to the CBI reached 1,113.9 trillion rials ($7.3 billion based on Monday’s...
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February 07,2020Taxing shareholders’ income from capital gains and levying tax on bank deposit income is not on the agenda of tax authorities, head of the Iranian National Tax Administration said. Reports about...
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January 27,2020Bank clients in Iran henceforth are obliged to provide authentic and verifiable documents regarding the purpose of large transactions, the Central Bank of Iran of Iran said in a notice. As per...
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January 24,2020Banks customers had 23,725.6 trillion rials ($182.5 billion) in deposits with banks and credit institutions by the end of the seventh month of the current fiscal year (October 22), according to the...
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January 22,2020The Industrial Management Institute has placed three privatized lenders atop its list of the largest domestic banks in fiscal year 2019-2020. The organization released the latest list of its 500...
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January 21,2020Central Bank of Iran announced Tuesday that lenders will stop offering payment services via the conventional static passwords as of next week that starts on Saturday. According to a notice on...
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January 15,2020Banks and credit institutions owed the Central Bank of Iran 2,085 trillion rials ($16 billion), by the end of the eighth month (November 21) of current Iranian fiscal year that ends in March....
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January 10,2020Banks and credit institutions have sold property and non-financial assets worth 150 trillion rials ($1.1 billion) since the beginning of current fiscal year in March 2019, said an official with the...
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January 07,2020From the beginning of fiscal 2018-19 up until September, the loan-to-deposit ratio has been of the descending order indicating that banks are exercising extra caution when it comes to lending. ...
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December 29,2019Deposits with Iranian banks and credit institutions have been rising over the past year to reach 23,493.9 trillion rials ($181.4 billion as per current exchange rates) by the end of sixth calendar...
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December 27,2019The number of ATMs in Iran reached 58,442 by the end of November, which shows banks installed more than 1,800 new devices in one year to meet increasing demand for services out of the branches....
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December 20,2019The Central Bank of Iran's press release indicates considerable growth in operations of key electronic banking platforms during the first half (March-Sept. 2019) of the current fiscal year. ...
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December 06,2019An unprecedented bank merger is underway in Iran since last March in which five banks and credit institutions affiliated to military organization are being merged with the state-owned Bank Sepah...
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November 23,2019More than 22,630.7 trillion rials ($191 billion) in deposits were held by banks and credit institutions during the month to August 22, according to a Central Bank of Iran report. Total value of...
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November 12,2019Data from the Central Bank of Iran shows lenders are working to cut extra and unwanted branches over the past two quarters. Banks and credit institutions shuttered 438 branches since the...
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November 10,2019There are more than 22,000 bank branches in Iran, about half of which are not needed, a deputy minister of economy said on Sunday. Abbas Memarnejad, the deputy economy minister for banking,...
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September 07,2019The plan to merge five military-affiliated banks and credit institutions has entered the next phase after majority ownership of the merging entities was transferred to state-run Bank Sepah, CEO of...
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August 31,2019Governor of Central Bank of Iran says the bank has been working hard to reform the banking system long grappling with mismanagement and financial indiscipline. Addressing participants in the...
