Financial Tribune - Bankers prefer the Central Bank of Iran take charge of a long-awaited plan for reforming the outdated banking sector. The call was made in a recent letter to Majlis Speaker Ali Larijani following ratification of the Comprehensive Islamic Banking Bill in earlier this month. Kourosh Parvizian, head of Private Banks and Credit Institutions ...

Financial Tribune - Parsian Bank, one of the leading private banks in Iran, is planning to open five more branches in Iraq, the CEO told members of the Iran-Iraq Joint Chamber of Commerce. "We have permission to open seven branches in IraqSo far two are operating and if there is no major hurdle we will soon open five more," Kourosh Parvizian was ...

Financial Tribune - T he cost of money has declined up to 1.5% following a government decision to scrap the overnight interest rate policy on deposits in January, head of the Association of Private Banks and Credit Institutions said. Kourosh Parvizian, also chief of Parsian Bank, said lenders are trying to further reduce the cost. He spoke of ...

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- The Central Bank of Irans main plan to control runaway foreign exchange rates has been successful, as the total value of liquidity attracted by banks from the sale of rial certificates of deposit has amounted to 2.4 quadrillion rials ($53.5 billion), the head of the Private Association of Banks and Credit Institutions announced. The ...

IFP- Iran and Qatar are making arrangements to enhance their banking relations and remove obstacles to the promotion of mutual banking cooperation. The Persian-language Islamic Republic News Agency (IRNA) has, in an article, expounded on the growing banking relations between Iran and Qatar. The highlights of the article follows. The Saudi-led ...