Financial Tribune - Governor of the Central Bank of Iran Abdolnasser Hemmati has again called on lenders to tap into the stock market to improve their books and balance sheets. Hemmati pointed to the growing appeal of the stock market and asked banks to seize the opportunity and correct their balance sheets by shedding their non-financial assets....

IRNA The volume of foreign assets of Iran's banking system rose by 27.4% last year compared to figures from a year ago, according to the latest report by the Central Bank of Iran (CBI). The CBI report put the foreign assets of Iranian banking system at 1,168 trillion rials in the past Iranian calendar year (ended on March 19, 2020), while the figure ...

Financial Tribune - The process of merging five military banks and credit institutions with state-owned Bank Sepah will be complete in the current calendar month to May 20, CEO of Sepah said. The megamerger includes Ansar Bank, Bank Hekamat Iranian, Mehr Eqtesad Bank, Ghavamin Bank, and Kosar Credit Institution. In March 2019 the Central Bank ...

Financial Tribune - About 25% of respondents considered deposits in banks as the best way to protect their hard-earned savings while 15% preferred real estate Despite the growing traction of investment in stocks, banks seemed to be the most attractive option for Iranians in the last fiscal year (March 2019-20), according to a poll by Iran Student ...

Financial Tribune - Iranian banks and financial institutions gave out a total of 6,288,511 loans, of which 11.5% were granted to the housing sector According to a new report by the Central Bank of Iran, 724,255 loans worth 390.94 trillion rials ($3 billion) were given out to different housing subsectors, including for home purchase, construction ...

Financial Tribune - Deposits with Iranian banks and credit institutions have been rising over the past year to reach 23,493.9 trillion rials ($181.4 billion as per current exchange rates) by the end of sixth calendar month to September 22, according to Central Bank of Iran. Bank deposits increased by 5,435.9 trillion rials ($41.9 billion) over the ...

Financial Tribune - Banks, companies and other organizations affiliated to the government must pay 57.8 trillion rials ($444 million) in tax in the coming fiscal year that starts in March 2020. As per projections in the annual budget for the next fiscal year, the tax figure is up 4.7% compared with 54.2 trillion rials projected for the current fiscal ...

Press TV - Nearly $1.4 billion in assets owned by 18 Iranian banks are being sold as the banking system in the country goes through a massive restructuring program meant to make it more efficient. The official IRNA agency said in a Monday report that nearly $600 million of assets of the banks had already been sold as part of a large scheme to dispose ...

Press TV - A deputy to Irans finance minister says banks in the country would shutter around 1,000 of branches until March next year Abbas Memarnejad said on Saturday that the branches will be merged with others as part of a plan to sell extra assets of the banks to generate resources needed for streamlining their operations. Memarnejad said ...

Financial Tribune - To help bolster government efforts to modernize the ageing tax regime, banks have been ordered to send data on the financial transactions of tax payers to the Iranian National Tax Administration, head of INTAs Tax Inspection Department said. The move is in line with legislative frameworks both in the annual budget law (March ...

Tehran Times The total value of Iranian banks foreign assets by June 21 stood at 9.245 quadrillion rials (about $220.11 billion), registering a 13-percent rise compared with the corresponding period of last year. According to the latest data published by the Central Bank of Iran (CBI), the figure stood at 8.188 quadrillion rials (about $194.9 billion) ...

Tasnim The British government settled a 1.25 billion pound ($1.6 billion) damages claim brought by Irans largest private bank in a last-minute out-of-court deal following a dispute over sanctions. Bank Mellat, which is 20% owned by the Iranian government and 80% privately held, said on Tuesday the legal row had been resolved for an undisclosed ...

MNA According to the announcement made by the Public Relations Department of the Kabul-based Arian Bank, the bank is an Afghan one and not an Iranian. Making a reaction to the news saying Arian Bank is an Iranian bank which has been closed over violation of banking regulations, the announcement confirmed it as an Afghan bank operating by Afghan ...

Tasnim Indias Road, Transport and Highways Minister Nitin Gadkari said on Tuesday that his country has allowed an Iranian bank to open a branch in Mumbai in a bid to facilitate bilateral trade between the two countries. According to Tasnim dispatches, Gadkari said his meeting earlier in the day with visiting Iranian Foreign Minister Mohammad Javad ...

Bloomberg - India will deposit payments for crude oil imported from Iran into escrow accounts of five of their banks held with state-run UCO Bank Ltd. after the two nations agreed on a payment mechanism to overcome U.S. sanctions, according to people with knowledge of the matter. Iran will use part of the deposits for purchasing essential goods ...

Financial Tribune - The total volume of loans allocated by Iranian banks and credit institutions to the housing and building sector grew by 28.5% year-on-year during the first seven months of the current fiscal year that ended on Oct. 22, data published by the Central Bank of Iran show. In the aforesaid period, the banking system allocated 3.58 ...

Financial Tribune - Iranian banks have again found themselves at the center of US efforts to exert maximum pressure on the economy two weeks after the Trump administration slapped its second round of penalties. Apparently at the receiving end of the recent moves aimed at their isolation, chief executives and representatives of several banks attended ...

Financial Tribune - Iranian banks and credit institutions lent 3.58 quadrillion rials ($27.33 billion) to various sectors during the first seven months of the current fiscal that ended on October 22, the Central Bank of Iran said. According to a report on the regulator's website, the loans were up by 445.2 trillion rials ($3.39 billion) or 14.2% ...

ISNA Senior manager of Middle East Bank for Compliance and Anti-Money Laundering department, Farzaneh Rajaei-Salmasi explained details of removing four Iranian banks and financial institutions from US secondary sanctions list. In an interview with ISNA news agency, Farzaneh Rajaei-Salmasi confirmed that four Iranian banks and financial institutions ...

MNA The Iran-Oman Chamber of Commerce has dismissed the rumors circulating in social media that some Iranian bank accounts have been blocked in Oman. A statement published by the Iran-Oman Chamber of Commerce reads that the Iranian bank accounts have not been frozen in Oman, and related financial transactions are still going on in the ...