The New York Times | Farnaz Fassihi and Ronen Bergman: The details of millions of Iranian bank cards were published online after antigovernment protests last month. Experts suspect a state-sponsored cyberattack. After demonstrators in Iran set fire to hundreds of bank branches last month in antigovernment protests, the authorities dealt with another ...

Financial Tribune - The CEO of Bank Sepah -- the state-owned lender with which five military banks are merging -- says the number of branches of merged banks will be cut by 10%. Considering the number of Bank Sepah branches after the merger, Mohammad Kazem Choqazardi referred to programs to optimize the banks performance by downsizing. The move ...

Financial Tribune - The taxman is looking at bank accounts with high turnovers to detect cases susceptible to tax evasion, said an official with the Iranian National Tax Administration. The Central Bank of Iran has allowed INTA for three years to look into the big bank accounts with turnover of more than 50 billion rials, Tasnim News Agency quoted ...

MNA Chinas Bank of Kunlun on Monday announced that it will continue cooperation with non-sanctioned Iranian banks for transactions and also payments related to non-sanctioned goods. For this purpose, Central Bank of the Islamic Republic of Iran (CBI) expounded on the latest situation of banking cooperation between Iranian banks and Chinas Kunlun ...

Al Monitor | Maziar Motamedi: The biggest players in Iranian banking have joined forces in an effort to empower an ailing banking system that has long suffered from a slew of major issues including a hefty credit crunch. There is no shortage of potential pitfalls and challenges, but the blockchain-enabled platform they have established and its native ...

Financial Tribune - In the first ten months of the current fiscal to January 20, lenders granted 5,380 trillion rials ($ 42 billion) in loans, up 757 trillion rials ($6 billion) compared to the same period in the previous fiscal a 16.4% growth. Data released by the Central Bank of Iran indicates that the loans were paid to 7.8 million applicants ...

Bloomberg|Ladane Nasseri: Iranian banks are trying to catch up with the rest of the world. After years of isolation left them with outdated practices, theyre trying to fall in line with international standards of transparency so they can better attract business and integrate with the global industry. The central bank has instructed them to set up ...

The government of President Hassan Rouhani started his tenure in office with a promise to put Irans economic boat back on an even keel, but many analysts are of the opinion that the administration now seems rudderless more than any time. Rouhanis famous pledge to make tangible changes in his first 100 days of office generated high hopes after years ...

Iran says one of its London-based banks has joined the euro payment system, inwhat could be another breakthrough for the country to remove technical hurdles created as a result of multiple years of sanctions. IRNA quoted Reza Meskarian, the managing director of Persia International Bank, as saying that his bank has joined euro payment system known ...

The International Monetary Fund (IMF) on Tuesday emphasized that Iran needs to fix its own banking system if it wants to attract foreign investments. The best thing the government can do, and the banks can do, is to bring those standards up to international levels and try to reassure foreign partners, banks and otherwise that Irans banks are ...

The media in Turkey have reported that two Iranian lenders are planning to do business in the Turkish market a move which is being praised for its potential positive effect on the countrys investment rating by international institutions. We have taken demands from Iranian banks. Two Iranian lenders want to take banking license in Turkey, reports ...

Tehran, February 20,The Iran Project Following the termination of sanctions against Iran, Tajikistan isready for Iran's banking cooperation andinvestment, the Spokesperson of Tajikistan National Banks says on Saturday. Abdolghaddar Ghorbanov, the Spokesperson of Tajikistan National Bank made the remarks on Saturday as quoted by Tajik local news ...

TEHRAN Jan 28(Shana)--A consortium of three state-run and private Iranian banks will fund $2bn development projects at Damavand Petrochemical Plant. Mellat, Tejarat and Industry and Mine banks have formed a consortium to financially support petrochemical projects at the plant to boost the country's industry and enhance its outcome. Speaking at a ...

Tehran, May 29, IRNA President Hassan Rouhani said on Thursday that the signs that the national economy is getting out of recession are tangible in the society and this is very promising. Rouhani made the remarks in a meeting with a group of managers and staff of the state-owned and private banks in Tehran. In the meeting, the most important issues ...

The international banking sanctions that have crippledIrans economydid not discourage Parviz Aghili from opening what is in effect the countrys only privately owned bank, the Middle East bank, this year. Its focus on domestic corporate clients and wealthy individuals within Irans private sector means it should be able to thrive, says Mr Aghili. Since ...

(Reuters) - A European Union court has ruled that the EU should lift sanctions it imposed on one of Iran's largestbanks, the second such judgment that could complicate Western efforts to increase pressure on the Islamic Republic. The ruling further weakens the EU's sanctions regime imposed against Iran's nuclear program, just weeks before six powers ...

DUBAIIran's banks have been able to bypass a ban imposed last year on carrying out global financial transactions through the world's most-used electronic payment system, known as Swift, according to officials at the Belgium-based company that runs the system. They said Iranian banks have been able to fall back on simpler methods for executing transactions ...