The Majlis Commission for Article 90 has asked the economy minister to provide details of the megamerger involving five military banks and the state-owned Bank Sepah in December.
Iran Banking News
Due to chronic inflation and the rising need for bank loans, credit given by banks has increased dramatically in the past decade. Overall lending increased by almost 9.4 times over ten years,…
Banks and credit institution took over possession of more than 1,700 properties from businesses that defaulted on their loans, said the secretary of the Coordination Council of State and…
Ten big banks operated more than 47,000 automated teller machines (ATMs) in Iran by April 21, accounting for 78% of the total. Total number of ATMs rose to 60,933 machines, up about 6% in the…
Banks injected more than 18,989.2 trillion rials ($82.5 billion) into the economy in the last calendar year (ended March 20). The amount was up 9,239.3 trillion rials ($40b) or 94.8%…
The ratio of non-performing loans to total loans by Iranian banks was 8.5% by end of the third quarter of the last fiscal year (Dec. 2020). It was a slight improvement compared to the 8.7%…
Interest rates have been on a steady decline at the interbank market in recent months to reach 18.49% as of June 3, the lowest in nine months. That was down from 19.24% registered almost a week…
The Central Bank of Iran announced regulations guiding the acquisition of stake in investment banks and market-making companies by banks and credit institutions. The regulations allow banks to…
The Central Bank of Iran Tuesday unveiled the ‘Centralized Database for Loans and Commitments’ known by its Persian acronym Samat, planned to enhance the CBI’s oversight of loans by banks.…
The Majlis Research Center says the banking sector is saddled with inherently weak but invisible balance sheets and the gap between banks’ income and expenditure has widened over time. Decline…
The Majlis Research Center says it welcomes provisions of a bill lawmakers are debating to reform the ailing banking sector. It said the present rules were passed half a century ago, are imbued…
The Central Bank of Iran announced that as of April 26, the PAYA network, an electronic clearing house, has stopped processing transactions lacking full ID of bank customers.
Data released by the Central Bank of Iran show lending by banks increased in the month to January 19. The loan-to-deposit ratio rose 1.4% to reach 80.8% indicating a 2.2% increase…
Data released by the Central Bank of Iran indicate that banks handled transactions worth almost 775.3 trillion rials ($3.2 billion) a day at the interbank market in the previous fiscal year (…
The Central Bank of Iran said banks and credit institutions can issue debit cards for companies and legal entities. A business debit card is the same as the consumer debit card. Cardholders can…
Banks and credit institutions are barred from processing payment requests of customers lacking complete ID information stored in the banks’ data center as of April 26, an official with the…
As seen in the past few months, growth of sight deposits again far outweighed term deposits in the month to Dec.20, the Central Bank of Iran reported.
New banking rules banning transactions of "unidentified" customers are not restricted to foreigners or refugees in Iran, and applies all customers whose ID is not registered with banks, the…
Banks and credit institutions paid 16,060.5 trillion rials ($64.2 billion) in loans to businesses in 11 months since the beginning of current fiscal year that ends on March 20. The…
In line with measures to improve security and transparency of bank transactions, the Central Bank of Iran said it plans to block unidentified transactions in less than two weeks. Mehran…
The Majlis Joint Commission has made an amendment to the 2021-22 fiscal budget bill based on which state banks can increase capital by up to 100 trillion rials ($400 million) by selling…
The Iranian National Tax Administration unveiled the first phase of an electronic platform to monitor banking operations. Citing the IT department of the tax office, Tasnim News Agency said a…
Despite higher bank fees the banking sector is expected to decline 0.3% in the current fiscal year that ends in March, estimations by the Majlis Research Center show.
The Central Bank of Iran has announced new guidelines for divesting non-financial assets of banks and credit institutions. The guidelines are as per provisions of the law to Remove…
The governor of the Central Bank of Iran Abdolnasser Hemmati again instructed the CEOs of banks and credit institutions on Thursday to enforce anti-money laundering rules with extra diligence.…
