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 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... -
August 28,2019Bank Keshavarzi Iran, the state-owned lender to the agriculture sector, plans to lend 520 trillion rials ($4.6 billion) to agriculture projects by next March, the bank CEO said. Speaking to the...
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August 26,2019Total deposits with Iranian banks and credit institutions stood at 21,311.2 trillion rials ($190.27 billion) at the end of the second calendar month to May 21, according to a report by the Central...
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August 25,2019Governor of the Central Bank of Iran says people are more optimistic now about the improving economic conditions than they were six months ago. Referring to efforts to enhance domestic production...
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August 17,2019Head of the Iran-Afghanistan Joint Chamber of Commerce says central banks in the two countries are looking for ways to resolve problems hurting banking ties between the two neighbors. Hossein...
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August 05,2019The merger of five banks and credit institutions -- affiliated to military forces – with the state-owned Bank Sepah is in progress with the major tasks completed, CEO of the bank said. Speaking...
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August 03,2019Bypassing US economic sanctions is the function of a robust private sector and the banking sector will step in to empower private companies, said the CEO of state-owned Bank Melli Iran. “If we...
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July 22,2019Afghanistan and Pakistan have announced readiness to open bank branches in Iran’s free zones or the mainland, according to a Foreign Ministry official in Tehran.
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July 03,2019Six million bank accounts used for money laundering and goods smuggling have been monitored and blocked, the head of Iran’s Headquarters for Combating Smuggling of Commodities and Foreign Currency...
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June 30,2019The latest data on deposits with banks and credit institutions indicate that total deposits stood at 20,673 trillion rials ($159 billion) by the end of the previous fiscal year’s last month (March...
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June 25,2019Bank Mellat is not willing to barter its damage claims after winning a lawsuit against the UK Treasury in exchange for goods, CEO of the bank said. “We are not after bartering the (financial)...
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June 24,2019The government paid 360 trillion rials ($2.8 billion) to compensate losses incurred by the misconduct of shadow banks and unruly lenders in recent years, said Mohammad Baqer Nobakht, the head of...
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June 18,2019The British government has settled a 1.25 billion pound ($1.6 billion) damages claim brought by Iran’s largest private bank in an 11th-hour, out-of-court deal following a dispute over sanctions.
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June 08,2019Banks lent 342 trillion rials ($2.55 billion) during the first month of the current fiscal (March 21-April 20). The amount indicates 32.9% growth compared to the corresponding period in the last...
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May 27,2019The aggregate value of interbank market transactions reached 107,149 trillion rials ($792 billion) in the last fiscal that ended in March to register a solid 67% growth compared to a year ago. ...
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May 24,2019About 300,000 shareholders of merged banks affiliated to the armed forces have sold their shares since the merger process started in April, says the chief of Securities and Exchange Organization...
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May 20,2019According to a notice by Central Bank of Iran, the previous deadline for selling shares of five merged banks and credit institutions has been extended for 15 working days ending on June 13.
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May 12,2019The Central Bank of Iran published a note on its website to clarify ambiguities about the one-time password that will soon be offered by banks. It covers a range of issues pertaining to the...
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May 10,2019Banks divested over 120 trillion rials ($800 million) in surplus holdings in the last fiscal (March 2018-19), the deputy economy minister for banking, insurance and state-owned companies said....
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May 03,2019Banks and credit institutions continue to reduce their local branches in the past three months, although the overall cuts are not significant, IBENA reported. A total of 23,395 branches of banks...
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April 14,2019The Central Bank of Iran and the prosecutor general have agreed to freeze fraudulent bank accounts that collect people's donations for the flood victims, the spokeswoman of Majlis Economic...
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April 06,2019As part of the process of merging five banks and credit institutions affiliated to the armed forces with Bank Sepah, the shares of the lenders are sold on Sunday. The share offer will last for...
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March 11,2019The Deputy for Banking and Insurance Affairs at the Economy Ministry said during the one year between December 2018-19, 100 trillion rials ($770 million) worth of excess property of banks was...
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March 09,2019A senior former banker says the planned merger of five banks affiliated to the armed forces with the government-owned Bank Sepah can be a step in the right direction in that it would cut costs....
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March 02,2019The Central Bank of Iran said Saturday that plans for merging five banks and credit institutions affiliated to armed forces with the state-owned Bank Sepah is in motion. A notice published on...
