The Central Bank of Iran says it lent to banks last week in need of liquidity by implementing open market operation. The CBI conducted the repurchase agreement (repo) and gave 26.5…
Iran Banking News
With money supply expanding at tremendous speed the growth of sight deposits in banks far outpaced term deposits in the first six months of current fiscal year (March 20- Sept.21) This…
Electronic banking charges are higher than what customers pay, says the Central Bank of Iran's deputy governor for innovative technologies, elaborating the reasons behind the recent increase in…
The Central Bank of Iran has required banks to charge customers higher fees for banking operations in rial and electronic banking services.
Banks and credit institutions paid 5,060.8 trillion rials ($18 billion) in loans to businesses in the first five months of the current fiscal year (March 20-August 21). Compared to lending in…
Banks owned by the government sold 280 trillion rials ($1.2 billion) in assets since January 2018, the Ministry of Economy said in a report. Lenders sold nonfinancial assets worth 130…
Eghtesad Novin Bank, also known as EN Bank, put some of its nonfinancial assets on sale becoming the first private lender to tap the capital market for surrendering assets. The bank…
The Money and Credit Council, the top monetary decision-making body, has obliged banks to allocate at least 3% of their financial resources to buy bonds issued by the government. It issued a…
Iran’s Fintech Association has proposed a new fee system for online payment in which payment aggregators and payment service providers cover the network fees, which are currently paid by banks…
The Central Bank of Iran again raised the lower bound of interest rate corridor (IRC) in the interbank market to further narrow the interbank interest rate spread. In a press release seen…
The loan-to-deposit ratio (LDR) fell by 3.2 percentage points in the month to May 20 compared with the same month in the last fiscal year, to reach 77%, indicating banks’ increasing aversion to…
Iran and Russia are still discussing integrating interbank transaction networks, Russia's Mir and Iran's Shetab, to ease transactions between the people and businesses of the two countries, an…
Deposits with banks and credit institutions reached 27,766 trillion rials ($126.2 billion as per Saturday’s forex rates) up until the end of the calendar month to April 19.
The Central Bank of Iran on Thursday said lenders can raise the ceiling when issuing certificate of deposit up to a level that doesn’t cross 20% of total long-term deposits at the end of last…
The government will launch one of its biggest schemes to divest banks’ non-financial assets in the coming week, a deputy minister of economy said. The divestiture is related to non-…
The Central Bank of Iran has required banks and credit institutions to increase their loan to deposit ratio in each province to at least 50%. The new measure aims to help create a balance…
The process of merging five military banks and credit institutions with state-owned Bank Sepah will be complete in the current calendar month to May 20, CEO of Sepah said. The megamerger…
The governor of the Central Bank of Iran on Monday urged lenders to tap into the stock market to divest shares and get rid of their non-financial assets. In a directive to CEO of banks…
Banks and financial institutions in Iran have been advised to curtail operations and take effective precautionary hygiene measures, especially where the coronavirus is widespread, to protect…
Parliament has obliged banks to close accounts of customers whose identities are not clearly stated in the bank documents, a move seen as another step toward conforming to anti-money laundering…
During the last round of open market operation by Central Bank of Iran Wednesday, none of the lenders put up their bonds on offer, indicating they are not now in need of liquidity. Within…
Debs of banks and credit institutions to the Central Bank of Iran declined 25.6% year-on-year to Dec. 21. Arrears to the CBI reached 1,113.9 trillion rials ($7.3 billion based on Monday’s…
Taxing shareholders’ income from capital gains and levying tax on bank deposit income is not on the agenda of tax authorities, head of the Iranian National Tax Administration said.
Bank clients in Iran henceforth are obliged to provide authentic and verifiable documents regarding the purpose of large transactions, the Central Bank of Iran of Iran said in a notice.
Banks customers had 23,725.6 trillion rials ($182.5 billion) in deposits with banks and credit institutions by the end of the seventh month of the current fiscal year (October 22), according to…
