Iran imposes fresh limit on cash withdrawals from banks
Press TV – The Central Bank of Iran (CBI) has ordered a new limit on withdrawal of cash from banks amid toughening…
Tag Archives: Iran’s banking system
Bank transactions face closer scrutiny
Financial Tribune – Central Bank of Iran has required individual customers to provide documents showing the reason for transactions above 2 billion…
Central Bank of Iran: Proof of purpose a must for big transactions
Financial Tribune – Bank clients in Iran henceforth are obliged to provide authentic and verifiable documents regarding the purpose of large transactions,…
Banks deposits in Iran rise to $182b
Financial Tribune – Banks customers had 23,725.6 trillion rials ($182.5 billion) in deposits with banks and credit institutions by the end of…
Commercial banks owe $15.5 bn to Iran’s central bank: Report
Press TV – Iranian commercial banks and financial institutions owe the central bank of the country a total of $15.5 billion, according…
Joining FATF advantage for banking system: Hemmati
MNA – The Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati admitted on Wednesday that joining FATF is an advantage…
Iran’s CB enhances anti-money laundering rules
Financial Tribune – In line with provisions of anti-money laundering guidelines, the Central Bank of Iran has further tightened rules for daily…
Central Bank of Iran restricts ownership of banks’ shares
Financial Tribune – In line with efforts to help promote corporate governance and protect the rights of bank depositors and shareholders, the…
Lenders under Central Bank of Iran scrutiny for ratings
Financial Tribune – The Central Bank of Iran has resumed rating lenders based on their performance in corporate governance and the level…
Here’s how Iran wants to take its financial system on the blockchain
Al-Monitor | Maziar Motamedi: Over the past year or so, the technology arm of the Central Bank of Iran — the Informatics Services Corporation…
CBI required to provide solutions for banking system reform
president.ir – The Supreme Council of Economic Coordination was held on Saturday morning and the Central Bank of Iran (CBI) reported on…
Bank loans rise 3.3% in value
Financial Tribune – Bank lending increased 3.3% in volume during the four months to July 22, the latest figures showed. IRIB News…
Iran’s banking system can deal with sanctions
IRNA – Spokesman for National Security and Foreign Policy Committee of Majlis said that the banking system of the country is intelligent…
Capping bank numbers on CBI agenda
Financial Tribune – The Central Bank of Iran seeks to halt an increase in the number of banks and is open to…
Ayatollah Khamenei urges govt to form taskforce to tackle banks, liquidity issues
Khamenei.ir – The Supreme Leader of the Islamic Revolution– Ayatollah Khamenei– urged the government of President Rouhani to form a taskforce to…
Majlis speaker: MPs review banking system reform
IRNA – Members of Parliament discussed reforming banking system and the independence of the Central Bank of Iran, Majlis (Iranian Parliament) Speaker…
Iran plans new credit card scheme to support local products
Financial Tribune- Iran’s banking system is now preparing a new credit card scheme for supporting locally produced goods, following a previous plan…
Will Iran’s banking sector collapse?
Al Monitor | Bijan Khajehpour: Iranian and international experts have opined for some time that Iran’s banking sector is at risk of…
High number of bank branches in the spotlight once again
Financial Tribune- The controversy surrounding the high number of Iranian bank branches is still raging with the dominant theme being the extension…
Rouhani calls for transparency in banking operations
MNA – President Rouhani urged banks and financial institutions to exercise utmost transparency in their dealings in order to improve the global…
Iran preparing infrastructure for Bitcoin adoption
IFP- Iran is preparing the infrastructure for using Bitcoin, the first worldwide crypto currency, said Iran’s Deputy Minister of Information and Communication…
President: Gov’t to prioritize sound banking system
IRNA – President Hassan Rouhani highlighted the role of banks in the country’s economy, saying that the unhealthy competition among them should…
Rouhani sends banking reform bills to parliament
Financial Tribune- Following an approval by the Cabinet and a presidential endorsement, the twin bills devised by the government to reform the…
Without reforms, Iranian banking crisis looms
Al-Monitor | Alireza Ramezani: In Iran, concerns are growing that banks may be facing the same fate as credit and financial institutions…
ICCIMA underlines Central Bank independence
Financial Tribune- The Center for Economic Research and Studies with the Iran Chamber of Commerce, Industries, Mines and Agriculture in a comprehensive…
Liquidity of Iran shadow banks dips under 10%
Financial Tribune- The share of uncertified financial institutions in the Iranian market significantly shrunk in the first four years of President Hassan…
CBI notifies sixth plan’s banking measures
Financial Tribune- The Central Bank of Iran has communicated bank-related regulatory articles of the sixth five-year development plan (2017-22) to the banking…
Presidential candidate urges banking reform in Iran
Tasnim – Mostafa Hashemitaba, one of the six candidates running for Iran’s presidency, stressed the need for a reform of the country’s…
Banking system ‘falling short of meeting economic requirements’
MNA– President’s Chief of Staff has said JCPOA contributed to banking system; however, non-nuclear barriers have still made it lethargic and inefficient.…
Can Iran avoid looming banking crisis?
Al-Monitor l Alireza Ramezani: In Iran, there are two main approaches to how to avoid a looming banking crisis. The first is…
Komijani downplays banking woes
Financial Tribune- The Iranian banking system is not bankrupt contrary to some reports and the Central Bank of Iran is in control,…
Banking bills encounter hurdles in cabinet
Financial Tribune- President Hassan Rouhani’s Cabinet has redirected the two major banking bills aimed at reforming the Iranian banking system to the…
US sanctions threatening Iran’s banking, IMF warns
Press TV- The International Monetary Fund (IMF) says that Washington’s anti-Iran sanctions may be a threat to the country’s international trade ties.…
CBI has ten-point plan to overhaul banking sector
The action plan of the Central Bank of Iran regarding the implementation of the Banking Overhaul Plan is premised on 10 key…
Indonesia says Iran’s banking restrictions still in place
TEHRAN (Tasnim) – Indonesia’s OPEC (Organization of the Petroleum Exporting Countries) Governor Widhyawan Prawiraatmadja said on Monday that his country still faces…
Larijani urges rapid resolution of Iran’s banking problems after nuclear deal
TEHRAN (Tasnim) – Iranian Parliament Speaker Ali Larijani stressed the need for a tangible positive impact of the July 2015 nuclear deal…
CBI keeping tab on banks’ lending rates
The Central Bank of Iran is closely monitoring the interest rate market and cases of rate violations by 11 banks have been…
Interest rates by decree criticized
In response to recent statements by Economy Minister Ali Tayyebnia regarding a cut in interest rates for a second time in as…
CBI Governor: Post-sanction era to help boost banking system
Boushehr, Aug 29, IRNA – The post-sanction period is going to help transform Iran’s banking system, says Central Bank Governor. ‘Under the…
Efforts to legalize real-estate leasing by banks
Despite efforts by banking officials to help legalize leasing by banks in the housing market, no official permission has yet been issued,…