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. 

  • Forex, Gold Bull Run Slows Ahead of New CBI Package
    Foreign exchange rates in Tehran's unofficial market declined in a sign that the bull run has slowed, following the Central Bank of Iran's announcement that it will soon unveil a package of new...
  • $136m Worth of Sukuk to Fund Road Maintenance
    The government has given the go-ahead to Road Maintenance and Transportation Organization to issue 6 trillion rials ($136 million) of Islamic debt securities to finance its operations. The Economic...
  • CBI: New Forex Policy Coming
    Abdolnasser Hemmati, the newly-appointed governor of the Central Bank of Iran, said the ongoing volatility in the currency and gold markets is "unusual" and a byproduct of "enemies' conspiracy". ...
  • New CBI Governor Discusses Coordination With Bank CEOs
    Newly-appointed governor of the Central Bank of Iran, Abdolnasser Hemmati, met with the chief executives of banks and credit institutions to review challenges facing the banking system and carve...
  • Hemmati, 61, is the former head of Central Insurance of Iran who became the 18th head of the country’s central bank.
    Abdolnasser Hemmati, the newly-appointed governor of the Central Bank of Iran, has in his first comments as the country's top monetary policymaker pledged to promote the country's economic growth...
  • Hemmati Appointed CBI Chief
    The Cabinet on Wednesday agreed to appoint Abdolnasser Hemmati as the new governor of the Central Bank of Iran, a move widely seen as the first step in the widely expected reshuffle of President...
  • Full CBI Control Over Financial Sector by Sept.
    The Central Bank of Iran, the lending sector’s top regulator, plans to use its authority to bring the rogue credit cooperatives into line within two months, the CBI’s deputy for supervisory affairs...
  • The IFB debt market, where most of the Islamic bonds are sold, is currently worth over $13 billion.
    Average yield to maturity in the Iranian debt market has jumped in recent months and is now hovering above 27%. The uptick is mainly due to lower demand for bonds caused by the growing attraction...
  • Interbank Rate Tweak to Impact Interest Rates
    Officials at the Central Bank of Iran have announced the decision to change interbank interest rates in a move that will subsequently impact deposit interest rates, a senior official at the Tehran...
  • Islamic Finance Coop. With REDmoney
    The Iranian Association of Islamic Finance has signed a memorandum of understanding to expand cooperation with REDmoney, a leading company organizing events on the Islamic financial markets across...
  • Iran Could Join Russia’s Regional Payment Network
    Russia is looking to establish a regional payment network in the foreseeable future and Iran can become a member if it meets the technical requirements, the chief executive of Informatics Services...
  • Challenges Ahead for Banking System
    The chief executive of Bank Refah said limited overseas operations and rising inflation driven mainly by the recent currency crisis will pose major challenges to the banking sector in the coming...
  • Platform to Promote FATA-IFA Interactions
    A new platform has been launched to facilitate interactions between the Iranian Cyber Police (FATA) and Iran Fintech Association.  “It aims to serve as a channel of safe and quick communications...
  • Government Approves Iranian Bank Branch in Mumbai
    Just weeks before US reimposes sanctions on Iran, the Indian government has approved a proposal from Iranian private lender Bank Pasargad to open a branch in Mumbai. According to Indian Express,...
  • CBI Cancels USSD Payment Fees
    The Central Bank of Iran has sent a directive to the banking system announcing that fees levied on payments made through mobile phones have been eliminated, in what can be interpreted as a blow to...
  • CBI Mulling Interest Rate Tweaks
    A senior Central Bank of Iran official said the bank is conducting studies to "revise" interest rates in the banking system.  "However, the evaluation of monetary variables and interest rates in...
  • Majlis Approves Plan to Combat Banking Sanctions
    Members of Iran’s Parliament have ratified a single-urgency plan containing seven articles that propose measures to nullify or weaken the impact of sanctions the US plans to reimpose on the country...
  • Business as Usual at BMI’s Overseas Branches
    CEO of Bank Melli Iran, Mohammad Reza Hosseinzadeh, said the US pullout from the 2015 Iran nuclear deal has failed to undermine the bank’s overseas operations. “The US withdrawal from JCPOA will...
  • CBI Eases Forex Rules for Int’l Exams
    Candidates attending international exams are eligible to apply for foreign currency at the official rate, the Central Bank of Iran said in a letter to the National Organization of Educational...
  • Iran Interbank Market Worth $1.5 Trillion in 2017-18
    A total of 38,101 deals worth more than 64.05 quadrillion rials ($1.51 trillion) were conducted in Iran's interbank market during the previous fiscal year that ended on March 20, 2018, the Central...
  • Banking Reforms in Final Lap
    The initiative to reform the country’s banking system is in its final stage with financial stability being at the core of the measures, the vice governor of the Central Bank of Iran said. Akbar...
  • CBI Discloses List of Cheap Currency Recipients
    The Central Bank of Iran on Sunday published the full list of companies that have received foreign exchange for imports at the preferential rate of 42,000 rials.  The move comes after public...
  • Parliament Promises  Bank Reform by Yearend
    The Majlis Economic Commission has put in motion three plans to improve the country’s economic conditions, all of which concern the ailing banking system and will materialize in a matter of months...
  • On Tuesday, the US dollar continued to lose ground in the unofficial market where exchange rates  were quoted at around 80,000 rials. 
    President Hassan Rouhani announced on Tuesday that he has ordered the Central Bank of Iran and the Ministry of Industries, Mining and Trade to publish the list of all individuals and firms that...
  • Fintech Makes Accounting Easier for Small Firms
    Established in early 2018, Iranian startup "Finto" is an online payroll management system, promoting workplace transparency. Farabi Accelerator developed by Shahid Beheshti University has provided...

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