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. 

  • Bank Pasargad Joins AIBE
    Bank Pasargad has joined the Association of Iranian Banks in Europe, an independent body established in Frankfurt, Germany, about a year ago to facilitate banking transactions between Iran and...
  • More Support for Tourism Sector
    Governor of the Central Bank of Iran Valiollah Seif has pledged greater support for domestic tourism, after a call from the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei to help shift...
  • CBI, Capital Market Agree to Control  Gold Coin Bull Run
    As gold coin prices are skyrocketing, the Central Bank of Iran has reached an agreement with the capital market on implementing the latest scheme aimed at controlling the bull run. Representatives...
  • Fintech Event Highlights Women Business Leaders
    The 5th round of Iran’s Financial Technology Event known as FinUp is set to put women active in financial technologies in the spotlight trying to draw attention to their significant contributions...
  • Structural Reforms in Banks  to Help Ensure Fiscal Stability
    The second and final day of the Conference on Monetary and Foreign Exchange Policies came to a close in Tehran on Wednesday after focusing on structural reforms, mostly in the banking system, with...
  • Big Benefits of a German ‘Iran Bank’
    Since US President Donald Trump pulled out of the nuclear agreement with Iran, formally known as the Joint Comprehensive Plan of Action, the EU has been looking for ideas to prevent the worst: the...
  • Key Economic Figures Debate Iran’s Financial Condition
    Ongoing currency issues and the prospect of US reimposition of sanctions took a back seat on Tuesday at the annual Conference on Monetary and Foreign Exchange Policies in Tehran.  Instead,...
  • People walk by the Paris branch of Bank Saderat Iran.
    Bank Saderat Iran, which boasts the most expansive overseas presence among the more than 30 Iranian banks and credit institutions, has recently been connected to TARGET2, its chief executive...
  • Banking Sector Bloated 42%  in 15 Years
    The number of bank branches per capita increased by 42% over the 15-year period in the Iranian year ending March 20, 2017, according to the latest figures published by the Statistical Center of...
  • Banks Reclaiming TM Arrears
    Chief executives of some of Iran's biggest banks have met with the newly-elected mayor of Tehran, Mohammad Ali Afshani, to reach agreement on reclaiming billions of dollars in liabilities owed by...
  • Bank Saderat’s branch in Doha
    In spite of all efforts to boost economic ties with Qatar, Iran’s only active bank in the Arab nation, Bank Saderat, is still facing serious hurdles, according to its chief executive. “We have...
  • Governor of the Central Bank of Iran Valiollah Seif
    Governor of the Central Bank of Iran Valiollah Seif said the prospect of Iran and China using local currencies in bilateral trade will eliminate any difficulties arising from the fallout of the US...
  • CBI Eases Foreign Banks’ Presence in FTZs
    The Central Bank of Iran has agreed to significantly ease capital conditions based on which foreign banks will be able to establish a branch in the country's free trade zones, the secretary-general...
  • New Forex Regulations for Visa-Free Travelers
    The Central Bank of Iran issued a directive on Wednesday to outline the regulations and procedures governing the supply of foreign exchange to Iranians traveling visa-free overseas.  Before...
  • 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...
  • New Fintech Directive Causes Confusion
    The Central Bank of Iran was until now considered the only entity in charge of devising regulations for fintech companies, but President Hassan Rouhani’s Cabinet on May 23 announced its own...
  • 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...
  • Further Hike in Unified USD Rate
    The Central Bank of Iran has increased the US dollar's exchange rate for the fourth time since it unified the rate on April 9.  The move is a further sign that CBI is delivering on its promise of...
  • 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...
  • New Rules Allow  Direct Forex Sale
    Businesspeople that have validated their purchase orders are allowed to directly purchase their required foreign currencies from certified exchange shops through Nima, the Central Bank of Iran's...
  • 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...
  • Tech to Shake Up  Micro Transactions
    Iran’s financial system is gradually undergoing a technological evolution in micropayments by the introduction of NFC (Near-Field Communication) services tailored for handling small payments. An e...
  • Ministry Condemns US Sanctioning of CBI Chief
    Two days after the Central Bank of Iran issued a statement against the recent blacklisting of its governor, the Ministry of Economic and Finance Affairs has made a similar move, calling the...

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