Financial Tribune - The Majlis Economic Commission is preparing a bill In line with efforts to promote long-awaited transparency in the key banking sector. If and when it becomes law, it will allow the people to have access to sensitive data about processes involved in granting big loans, the chairman of the commission said. It will focus mainly ...

Financial Tribune - As part of its plans to reform the limping banking sector, the government has launched a program to sell excess property of state banks. According to the Economy Minister Farhad Dejpasand, a one-year program is underway for 10 government-owned banks (including the biggest lenders) to relinquish the excess assetsmostly real estate ...

Bourse and Bazaar | Maziar Motamedi: The CEO of Irans Parsian Bank, which was sanctioned last week by the US Treasury, has described the designation of the bank as a Specially Designated Global Terrorist (SDGT) a mistake. The unprecedented move against one of Irans leading private sector banks by US authorities has many in Irans banking sector worried,...

Financial Tribune - In a bank-based economy like Iran, lenders act as the blood veins of the economy and hence the need for much more attention to the beleaguered sector T he head of Iran Chamber of Commerce, Industries, Mines and Agriculture called on the government and the Central Bank of Iran to improve oversight of the cumbersome banking system ...