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. 

  • Int’l Banking Ties Depend on Europe Talks Outcome
    Iran’s banking sector is pressing ahead with overseas business despite the shadow of sanctions’ revival looming over it, after the US unilaterally withdrew from the 2015 nuclear deal early this...
  • Ayandeh Named Iran’s Best Bank by Euromoney
    The private Ayandeh Bank has continued its string of success and was recognized by Euromoney as Iran’s bank of the year in 2018.  The lender received the award in a ceremony held earlier in May....
  • About 60% of the total volume of NPLs in Iran are considered irrecoverable.
    Iranian banks and credit institutions held a total of about 1.3 quadrillion rials ($30.87 billion) in non-performing loans by the end of the previous fiscal year on March 20, 2018, according to the...
  • Bank Lending to Economic Sectors Up 14 Percent
    Iranian banks and credit institutions allocated 257.2 trillion rials ($6.13 billion) in credits during the first month of the current fiscal year to April 20, which were handed out in the form of...
  • Banking Amendments Approved
    The Money and Credit Council approved the Central Bank of Iran’s proposals demanding a more stringent oversight of credit institutions and amendments to administrative procedures related to current...
  • New Report Reveals Banks’ NPL Ratio Gap
    A senior member of Majlis Article 90 Commission presented the latest report on the state of non-performing loans of Iran's banking system in Tuesday's open session, which painted a highly...
  • CAR is one of the biggest weak points of the country, as the Central Bank of Iran still operates on the  more than two-decade old Basel I standards.
    After reviewing Iran’s conformance to a host of international banking regulations and standards, the research arm of the parliament has noted that the country’s banking woes are rooted internally...
  • The Bulgarian economic delegation met Iranian officials  in Tehran on May 13.
    Minister of Economic and Finance Affairs Masoud Karbasian called for increasing banking cooperation with Bulgaria, proposing that the EU member state open bank branches in Iran for facilitating...
  • Banks’ purchase of hard currency held by foreigners and others would have to be approved by the Organization  for Investment, Economic and Technical Assistance of Iran.
    The Central Bank of Iran has allowed lenders to purchase the hard currency held by foreign tourists, transit drivers, foreign diplomatic missions based in Iran and representative offices of foreign...
  • Banking Sector to Take No Hit From US JCPOA Exit
    Iran’s banking sector has rebounded in the absence of sanctions lifted under the 2015 nuclear deal and will continue to rebuild its foreign correspondent relations despite the recent US withdrawal...
  • Banking Ties Unaffected by US Deal Exit
    Iran’s banking relations with the international community, excluding the US, will continue as usual following the United States’ May 8 withdrawal from the Joint Comprehensive Plan of Action (the...
  • Croatian Minister of Economy Martina Dalic (L) met with CBI Governor  Valiollah Seif (2nd R) in Tehran on May 6. 
    Croatian Minister of Economy Martina Dalic called for closer cooperation to facilitate banking ties with Iran, describing them as critical to the expansion of bilateral trade. "Banking and...
  • Special Committees Reimbursing Depositors of Shadow Banks
    Four special committees are pursuing the liquidation of the last remaining illegal credit institutions and their main task is to identify the assets of these entities for auction, a deputy Majlis...
  • Banking Merger Imminent
    Reports suggest that the planned merger of two lenders, namely Mehr Eqtesad Bank and Samen Credit Institution, with Ansar Bank will take place in the coming days. According to ISNA, Samen and Mehr...
  • Seif: Currency Volatility Not Linked to Past Banking Woes
    The governor of the Central Bank of Iran has decried analyses linking the recent volatility in the foreign exchange market to past woes besetting the banking system.  Valiollah Seif wrote on his...
  • Iran, Turkey Eye Bank Card Integration
    Following a national currency swap deal that was recently implemented, Iran and Turkey are now pursuing the integration of bank cards in a move aimed at helping the massive flow of tourists...
  • New Capital Guidelines for Banks
    The Central Bank of Iran has released new guidelines for the way banks' capital adequacy ratios are calculated.   
  • The Sixth Iran-Europe Banking and Business Forum convened in Tehran on April 28.
    When top-level officials and business representatives gathered in Tehran on Saturday as part of the two-day Sixth Iran-Europe Banking and Business Forum, the shadow of US President Donald Trump’s...
  • Bank Branches Shrink
    Iranian banks have shrunk by 0.3% in the previous quarter ending March 20 compared with the previous year, fulfilling a long-held target for an industry marked by overcapacity and rapid...
  • Masoud Karbasian attends the parliament’s open session on April 24.
    Iran's state-owned banks have sold excess assets worth 135 trillion rials ($3.21 billion), which included real estate, company shares and other resources, from the beginning of President Hassan...
  • TCCIM chief, Masoud Khansari (C), meets Sweden’s Ambassador to Iran Helena Sangeland in Tehran on April 18.
    As a Swedish business delegation met with their Iranian counterparts at the Tehran Chamber of Commerce, Industries, Mines and Agriculture on Wednesday, the ambassador of the Scandinavian nation...
  • New Credit Card Scheme  to Support Local Products
    Iran’s banking system is now preparing a new credit card scheme for supporting locally produced goods, following a previous plan that failed to take off. “In the meetings that we had with state-...
  • Revised Rules for Private Bank Ownership Ratified
    Lawmakers have revised regulations for the ownership of non-governmental banks and credit institutions, which will remove ambiguities surrounding the ownership of these entities in the past. ...
  • US Connections Prevent Swedish-Iranian Banking Ties
    Lack of banking ties is a major issue concerning Iran’s relations with Sweden as it is with most other countries.  
  • CBI data also show that more than 1.95 quadrillion rials ($46.42 billion) in time deposits were attracted by the banking system by Feb. 19.
     The Central Bank of Iran’s policy to cap bank interest rates at 15% effectively changed the composition of deposit contracts signed with financial institutions. A review of data published by the...

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