The Industrial Management Institute has placed three privatized lenders atop its list of the largest domestic banks in fiscal year 2019-2020. The organization released the latest list of…
Iran Banking News
Central Bank of Iran announced Tuesday that lenders will stop offering payment services via the conventional static passwords as of next week that starts on Saturday. According to a…
Banks and credit institutions owed the Central Bank of Iran 2,085 trillion rials ($16 billion), by the end of the eighth month (November 21) of current Iranian fiscal year that ends in March.
Banks and credit institutions have sold property and non-financial assets worth 150 trillion rials ($1.1 billion) since the beginning of current fiscal year in March 2019, said an official with…
From the beginning of fiscal 2018-19 up until September, the loan-to-deposit ratio has been of the descending order indicating that banks are exercising extra caution when it comes to…
Deposits with Iranian banks and credit institutions have been rising over the past year to reach 23,493.9 trillion rials ($181.4 billion as per current exchange rates) by the end of sixth…
The number of ATMs in Iran reached 58,442 by the end of November, which shows banks installed more than 1,800 new devices in one year to meet increasing demand for services out of the branches…
Banks and credit institutions paid 5,313 trillion rials ($40.8 billion) in loans in the first eight months of current fiscal year to Nov.21. The lending increased by 1,150 trillion rials…
The Central Bank of Iran's press release indicates considerable growth in operations of key electronic banking platforms during the first half (March-Sept. 2019) of the current fiscal year.…
An unprecedented bank merger is underway in Iran since last March in which five banks and credit institutions affiliated to military organization are being merged with the state-owned Bank Sepah…
More than 22,630.7 trillion rials ($191 billion) in deposits were held by banks and credit institutions during the month to August 22, according to a Central Bank of Iran report. Total…
Data from the Central Bank of Iran shows lenders are working to cut extra and unwanted branches over the past two quarters. Banks and credit institutions shuttered 438 branches since the…
There are more than 22,000 bank branches in Iran, about half of which are not needed, a deputy minister of economy said on Sunday. Abbas Memarnejad, the deputy economy minister for…
The plan to merge five military-affiliated banks and credit institutions has entered the next phase after majority ownership of the merging entities was transferred to state-run Bank Sepah, CEO…
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…
Bank Keshavarzi Iran, the state-owned lender to the agriculture sector, plans to lend 520 trillion rials ($4.6 billion) to agriculture projects by next March, the bank CEO said.
Total deposits with Iranian banks and credit institutions stood at 21,311.2 trillion rials ($190.27 billion) at the end of the second calendar month to May 21, according to a report by the…
Governor of the Central Bank of Iran says people are more optimistic now about the improving economic conditions than they were six months ago. Referring to efforts to enhance domestic…
Head of the Iran-Afghanistan Joint Chamber of Commerce says central banks in the two countries are looking for ways to resolve problems hurting banking ties between the two neighbors.…
The merger of five banks and credit institutions -- affiliated to military forces – with the state-owned Bank Sepah is in progress with the major tasks completed, CEO of the bank said.…
Bypassing US economic sanctions is the function of a robust private sector and the banking sector will step in to empower private companies, said the CEO of state-owned Bank Melli Iran.
Afghanistan and Pakistan have announced readiness to open bank branches in Iran’s free zones or the mainland, according to a Foreign Ministry official in Tehran.
Six million bank accounts used for money laundering and goods smuggling have been monitored and blocked, the head of Iran’s Headquarters for Combating Smuggling of Commodities and Foreign…
The latest data on deposits with banks and credit institutions indicate that total deposits stood at 20,673 trillion rials ($159 billion) by the end of the previous fiscal year’s last month (…
Bank Mellat is not willing to barter its damage claims after winning a lawsuit against the UK Treasury in exchange for goods, CEO of the bank said. “We are not after bartering the (…
