CEO confident of banking resurgence
Iran’s banking sector has suffered a lot in the past few years due to the crippling sanctions imposed on Tehran over its…
Tag Archives: Iran’s banking system
Sanctions relief to ease pressure on banks
Iran’s banking sector will benefit from the relaxation in sanctions, but will remain in a state of near-crisis over the coming quarters,…
Forex debtors given 3 months
Borrowers that have foreign exchange debt to the banking system were given three months to repay their debt, the central bank announced…
Banks’ soaring debt to CBI explained
The twofold surge in commercial banks’ debt to the Central Bank of Iran within the last two months prompted the vice governor…
Gov’t debt to banks stoking inflation
A money market analyst has warned about the inflationary effects of the mammoth government debt to the banking system, saying it was…
Impact of nuclear deal on banking scrutinized
Even as talks to conclude a comprehensive nuclear deal between Iran and the six world powers have entered what amounted to triple…
CBI’s Fiqh council reopening with new mandate
Deputy Governor of the Central Bank of Iran Akbar Komijani has announced imminent changes in the makeup and decision-making process of the…
Rouhani orders financial system reforms
Iran’s President Hassan Rouhani in a directive on Saturday has ordered the implementation of a series of reforms in the country’s financial…
Banks unable to keep up with new mortgage scheme
CEO of a private bank has cast doubt on the ability of banks to undertake the new mortgage package, which seeks to…
Speculative activities crippling banking
A parliament member expressed concern over banks’ speculative activities, as they use over half of their money to run non-banking businesses, putting…
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…
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…
CBI ready to prepare more Islamic contracts
The Central Bank of Iran can prepare new banking contracts to address religious concerns of all five branches of Sunni Islam, an…
Banks seeking ways to dodge interest cuts
After much heated debate in recent weeks, deposit rate cuts were finally implemented on May 6 but, as forecast by analysts, some…
Former CBI chief welcomes interest rate cut
Former governor of the Central Bank of Iran Tahmasb Mazaheri said the recent decision on cutting deposit and loan interest rates would…
Restrictions on Iran Zamin Bank removed
The Central Bank of Iran lifted a ban on one billion rial checks issued by Iran Zamin Bank, allowing the lender’s checks…
Iran’s banks agree to cut rates to 20%
Iranian banks are to lower their annual deposit rate to 20 percent, the country’s media reported on Saturday. Abdolnasser Hemmati, the governor…
Rafsanjani suggests bank assets be spent on tackling unemployment problem
Tehran, Jan 5, IRNA – Expediency Council Chairman Ayatollah Akbar Hashemi Rafsajani in Tehran on Monday suggested bank cash to be spent…
CBI chief vows to keep markets stable
Tehran, Dec 30, IRNA — Creating stability in banking and monetary policy is the key goal of the Central Bank of Iran…
Minister: Government discussing bank interest rate cut
Tehran, Dec 20, IRNA – Minister of Economic Affairs and Finance said talks are underway in the government to reduce the bank…
President says time for banking to readjust, deliver
Tehran, Dec 16, IRNA — President Hassan Rouhani has praised the banking system’s efforts in making use of cutting-edge technologies and said…
IMF, Central Bank of Iran hold talk
TEHRAN, Oct. 07 (MNA) – A delegation from the International Monetary Fund (IMF) visited Iran to hold meetings with the Central Bank…