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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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... -
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...
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March 01,2019Governor of the Central Bank of Iran Abdolnaser Hemmati says recommendations of the anti-money laundering body, the Financial Action Task Force, are part and parcel of international banking norms...
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February 27,2019Banks lent 51.9 trillion rials ($384 million) to 626 knowledge-based companies by the end of the third quarter of the current fiscal on December 21.
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February 19,2019In the first ten months of the current fiscal to January 20, lenders granted 5,380 trillion rials ($ 42 billion) in loans, up 757 trillion rials ($6 billion) compared to the same period in the...
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February 19,2019Committed to preserving historically close trade relations between Iran and Italy, private sectors from both sides have explored the setting up a small bank to side-step the new US sanctions...
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February 06,2019Iran and Iraq signed an agreement Tuesday to establish a monetry channel for facilitating payments between the two countries. The agreement was signed by the governors of the Central Banks of Iran...
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February 05,2019As part of its plans to reform the limping banking sector, the government has launched a program to sell excess property of state banks. According to the Economy Minister Farhad Dejpasand, a one-...
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February 01,2019The Nourbakhsh Award ceremony was held Wednesday on the sidelines of the Eighth Conference on Electronic Banking and Payment Systems organized by the Monetary and Banking Research Institute. The...
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January 29,2019The Eight Conference on Electronic Banking and Payment Systems opened at Tehran’s iconic Milad Tower on Tuesday. The two-day event, organized by the Monetary and Banking Research Institute, was...
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