Iranian banks selling $1.4bn in assets amid overhaul: Report
Press TV – Nearly $1.4 billion in assets owned by 18 Iranian banks are being sold as the banking system in the…
Tag Archives: iranian banks
Iran to shutter 1,000 bank branches until March 2020: Official
Press TV – A deputy to Iran’s finance minister says banks in the country would shutter around 1,000 of branches until March…
Iran Tax Office: Banks obliged to report financial statements of clients
Financial Tribune – To help bolster government efforts to modernize the ageing tax regime, banks have been ordered to send data on…
Iranian banks’ foreign assets up 13%
Tehran Times – The total value of Iranian banks’ foreign assets by June 21 stood at 9.245 quadrillion rials (about $220.11 billion),…
UK settles sanctions dispute with Iranian bank
Tasnim – The British government settled a 1.25 billion pound ($1.6 billion) damages claim brought by Iran’s largest private bank in a…
Kabul-based Arian Bank not Iranian
MNA – According to the announcement made by the Public Relations Department of the Kabul-based Arian Bank, the bank is an Afghan…
Iranian bank to open branch in Mumbai soon: Indian minister
Tasnim – India’s Road, Transport and Highways Minister Nitin Gadkari said on Tuesday that his country has allowed an Iranian bank to…
India plans to pay five Iran banks for oil purchases
Bloomberg – India will deposit payments for crude oil imported from Iran into escrow accounts of five of their banks held with…
Iran housing loans up 28.5% (Oct 2018)
Financial Tribune – The total volume of loans allocated by Iranian banks and credit institutions to the housing and building sector grew…
Bankers, traders discuss ways to fight sanctions
Financial Tribune – Iranian banks have again found themselves at the center of US efforts to exert maximum pressure on the economy…
Iranian banks lend $27 billion in 7 months
Financial Tribune – Iranian banks and credit institutions lent 3.58 quadrillion rials ($27.33 billion) to various sectors during the first seven months…
4 Iranian banks removed from US sanctions list
ISNA – Senior manager of Middle East Bank for Compliance and Anti-Money Laundering department, Farzaneh Rajaei-Salmasi explained details of removing four Iranian…
No Iranian bank accounts frozen in Oman: Official
MNA – The Iran-Oman Chamber of Commerce has dismissed the rumors circulating in social media that some Iranian bank accounts have been…
US imposes new sanctions targeting Iran banks, companies
Press TV – The United States has imposed fresh sanctions on a number of Iranian banks and financial institutions as well as…
3 Iranian banks to open branches in Germany: Envoy
IRNA – In order to facilitate trade exchanges with foreign partners, especially Europe, three Iranian banks of Middle East Bank, Saman Bank…
Qatar replacing UAE as hawala trade hub for Iran
Press TV- Iran will use Qatar to facilitate payment orders in foreign currencies, phasing out such operations in Dubai where restrictions imposed…
Iranian banks buying Qatar export riyals
Financial Tribune- Iranian banks have started buying Qatar’s riyal from exporters of goods and services to the Persian Gulf emirate, director general…
Iranian banks slowly reconnect to the world
Al-Monitor l Bijan Khajehpour: A recent string of “financing agreements” that various governments and international banks have signed with Iran indicates that…
Expensive deposits leave Iranian banks stuck with toxic assets
Al Monitor | Alireza Ramezani: Iranian media reports show that many banks and credit institutions are violating a decision made last June by…
New fees for money transfer to benefit banks
Financial Tribune- The increase in bank fees approved earlier by the Central Bank of Iran has become effective. The CBI had first…
Why do Iranian banks remain stuck with toxic assets?
Al-Monitor|Alireza Ramezani: On Feb. 26, the Iranian government got the go-ahead from parliament members to sell a total of 10 trillion rials…
India to let Iranian banks open branches
Press TV- The media in New Delhi say the country is preparing to issue licenses to five Iranian private banks to open…
Prosecutor-General: Banks ‘safe haven for corruption of cronies’
TEHRAN, Oct. 22 (MNA) – Tehran Prosecutor General has said strict supervision over banking activities would prevent unnoticed corruptions and shed some…
Iranian banks to open branches in Munich
German media say three Iranian banks plan to open branches in Munich in the near future in what is expected to help…
Iran banks to open representative offices in UK, Italy, Germany: Report
Tehran, Aug 27, IRNA – Central Bank of Iran (CBI) has reported that the Iranian banks are planning to establish their representative…
Banks told to pay 150,000 marriage loans a month
In a new directive the Central Bank of Iran delved into the much-discussed matter of marriage loans, obliging specific agent banks in…
Zarif assures western banks business with Iranian banks is risk free
Paris, June 22, IRNA – Foreign Minister Mohammad Javad Zarif said on Wednesday that business with Iranian banks is risk free and…
Iranian bank services guard foreign investment
TEHRAN, Apr. 10 (MNA) – Saman Bank of Iran is offering reliable custodian services to help support the foreign investment in Iran…
SWIFT open to four more Iranian banks
Iran’s media reported on Thursday that four more of the country’s banks have been reconnected to SWIFT, the global provider of secure…
UAE’s Network International in talks with Iran banks
TEHRAN (ISNA)- UAE-based Network International, the largest payments processor in the Middle East and Africa, could begin working with some of Iran’s…
Iran tells banks to prepare for bans removal
As Iran is moving toward a much-awaited removal of international sanctions, the government of President Hassan Rouhani has ordered the bankers to…
Iranian banks to return to world markets
TEHRAN, Nov. 19 (MNA) – Iran has a banking relationship with 27 Germans banks, the Governor of the Central Bank of Iran(CBI)…
Sanctions relief to ease pressure on banks
Iran’s banking sector will benefit from the removal of sanctions at the start of 2016 and lending growth will pick up in…
Europe-Iran Forum: Cautious optimism
The second Europe-Iran Forum was held late last week in Geneva. It was attended by the leaders from Iran’s financial and commercial…
Banks clobbered by housing recession
A senior member of Tehran’s Chamber of Commerce has warned that the entry of commercial banks into non-banking business activities has backfired,…
CBI supports banks’ role in housing projects
The Central Bank of Iran announced on Monday that commercial banks are allowed to engage in mass building projects if they use…
Banks play “sensitive role” in foreign affairs
Tehran, May 25, IRNA – The minister of economic affairs and finance on Saturday emphasized the “sensitive role” banks have played in…
Gov’t urged to repay debts
Reforming the structure of banks and taking toxic assets off their balance sheets cannot be undertaken overnight, but is feasible at a…
Economy minister urges banks to inject cash into TSE
Iran’s minister of economy and finance has urged the Iranian banks to render “immediate assistance” to the country’s troubled stock market. Ali…
Iran’s isolated banks may have slow, painful return to global system
* Huge upside for banks if trading links restored * Operations in Gulf, Europe could come back to life * But banks…