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December 19,2020
Despite 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 06,2020
The 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 15,2020
The 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 14,2020
The 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 04,2020
With 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 03,2020
Electronic 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 31,2020
The 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 28,2020
Banks 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 05,2020
Banks 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 01,2020
Eghtesad 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 26,2020
The 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 23,2020
Iran’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 14,2020
The 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 09,2020
The 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 14,2020
Iran 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 11,2020
Deposits 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 10,2020
The 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 12,2020
The 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...
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April 25,2020
The 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 25,2020
The 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 21,2020
The 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 11,2020
Banks 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 08,2020
Parliament 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 28,2020
During 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 24,2020
Debs 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...