Iran Banking News

A new decision approved by the Money and Credit Council obliges banks and credit institutions to pay interest on deposits on a monthly basis, calculating the minimum balance in a month as the…

The governor of the Central Bank of Iran says important developments in banking and trade will take place following talks between the presidents of Iran and Turkey.  According to CBI's…

The main Iran-China banking channel is functioning after China's Bank of Kunlun resumed services for Iranians on Monday, deputy president of Iran-China Chamber of Commerce and Industries said.…

Governor of the Central Bank of Iran has sent a directive to banks and credit institutions asking them to come up with a plan to improve their capital adequacy ratio.  Abdolnasser Hemmati…

After nearly a one-month hiatus prompted by US sanctions, China is resuming its banking relations with Iran, President of Iran-China Chamber of Commerce and Industries said.

Asadollah…

Iranian banks and credit institutions lent 3.58 quadrillion rials ($27.33 billion) to various sectors during the first seven months of the current fiscal that ended on October 22, the Central…

As the interbank messaging system SWIFT prepares to formally announce the names of Iranian banks that will be disconnected from its platform, it is not clear how the outside world intends to…

President Hassan Rouhani said Monday the US will indeed regret its decision to abandon the nuclear deal and reimpose sanctions as Iran will work to keep foreign investment flowing into the…

The government is exploring new ways to bypass US sanctions and find banking channels to Europe, China, and Russia for oil exports and financial transactions, says Asadollah Qarekhani, spokesman…

The government has outlined new tasks for state-owned companies, banks and for-profit institutions as part of a directive for the next fiscal (March 2019-20) budget. 

Central bank data says total lending by the banking system reached 13.23 quadrillion rials ($89.4 billion) during the 12 months to July 22.The figure was 29% higher year on year. The amount was…

The banking system lent more than 36 trillion rials ($261.8 million) to 1,043 knowledge-based companies during the first half of the current fiscal (March-September), the Central Bank of Iran…

An official with the Iran-China Chamber of Commerce and Industries denied reports that China's Bank of Kunlun has severed ties with its Iranian customers.

Members of the Majlis Economic Commission continued their review of the much-discussed Banking Reform Bill on  Tuesday during which articles related to corporate governance in banks were…

Banks and credit institutions lent 3.03 quadrillion rials ($22.13 billion) to various sectors during the first six months of the current fiscal that ended on September 22, the Central Bank of…

Debts of banks to the Central Bank of Iran have been rising at an alarming rate in recent years and the issue has become a major challenge for the banking system because the unpaid debts are a…

Data released by the Central Bank of Iran Thursday show that the regulator increased its foreign assets by 28% during the fifth calendar month ending August 22.

According to the monetary…

Those wanting to establish business in the monetary market, namely establishing credit institutions, setting up branches and offices, attracting public deposits in any form, offering payment,…

Privately-owned banks have expressed readiness to establish a joint bank with Iraq, said the head of Iran-Iraq Chamber of Commerce.

Speaking to IBENA, Yahya Al-e Es’haq said the bank…

The value of foreign currency accounts in local banks has exceeded $10 million, following increasing public interest in such accounts, the Central Bank of Iran reported on Thursday.

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Banks and credit institutions allocated 2.4 quadrillion rials ($16.82 billion) to various sectors during the first five months of the current fiscal that ended on August 22, the Central Bank of…

The Central Bank of Iran issued 20 permits as of Saturday for banks and credit institutions to hold their annual general meetings for the previous financial year that ended in March. 

Bank lending increased 3.3% in volume during the four months to July 22, the latest figures showed.

IRIB News reported that Iranian banks and credit institutions granted 1.1 quadrillion…

Governor of the Central Bank of Iran Abdolnasser Hemmati late Monday met with chief executives of banks and credit institutions to evaluate the country’s monetary and banking developments and…

The past year has been especially difficult for Iranians working or studying in China due to financial issues, but new bank-related challenges seem to have arisen for Iranian citizens conducting…