Iran's Banking Reform Bill

Reforming the ailing banking sector is one of the main concerns of the incoming government of President Ebrahim Raisi. In a speech to lawmakers on Saturday, Raisi said his administration has “…

The Majlis on Sunday voted to discuss a comprehensive banking bill on a priority basis that seeks to augment the independence of Central Bank of Iran. As part of broader banking legislation,…

A group of banking experts, including former governors of Central Bank of Iran, has criticized provisions of a new banking bill as ambiguous, impractical and lacking informed analysis. 

Bankers prefer the Central Bank of Iran take charge of a long-awaited plan for reforming the outdated banking sector. The call was made in a recent letter to Majlis Speaker Ali Larijani…

Majlis ratified the outlines of banking rules under the “Comprehensive Islamic Banking Bill” umbrella on Tuesday.  The package of rules includes the Islamic Banking Bill, Central Bank of…

Governor of Central Bank of Iran says the bank has been working hard to reform the banking system long grappling with mismanagement and financial indiscipline.   Addressing…

The Plan and Budget Organization has released an analytical report on the performance of banks in fiscal 2017-18. It gives poor marks to the banks’ overall performance in comparison to their…

Fitch Ratings, the international ratings agency, has said in a report that Iran's banking supervisory authority will benefit from two bills sent by President Hassan Rouhani to parliament to push…

The Majlis speaker says reforms to the central bank law proposed by the government to overhaul the dysfunctional banking system has been reviewed in the relevant committees and is awaiting a…

Approved by the Supreme Council of Economic Coordination, the much-touted banking reform plan has officially been put into motion by the Central Bank of Iran. During the council’s last meeting…

A major part of the Comprehensive Banking Law targeting the struggling banking system and problems of the central bank has been approved, the head of the Monetary and Banking Committee of Majlis…

Members of Majlis Economic Commission have commenced the process of reviewing articles of the Majlis motion to undertake long-awaited reforms in Iran's banking system and bestow the central bank…

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.

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…

The Iranian banking system has been combating a variety of serious problems such as a crippling credit crunch, sky-high non-performing loans and a lower share of the money market caused by the…

The first major step to implement much-needed reforms in the Iranian banking sector is to be taken by the government in summer when it submits the Banking Reform Bill to the Parliament, the…

Central Bank of Iran needs more authority to start merging banks, said Ali Divandari, head of the Monetary and Banking Institute.