Following a directive issued by the board members of Securities and Exchange Organization for all financial entities under its supervision, banks and non-bank credit institutions are barred from holding management positions in investment funds.
News ID: 1749 Publish Date : 2018/01/02
Months after the Central Bank of Iran clinched an agreement with the Export Insurance Agency of Russia to pave the way for Russian banks to fund Iranian projects, four Iranian banks have signed an "unlimited finance deal" with the Eximbank of Russia.
News ID: 1728 Publish Date : 2017/12/27
As per the directive notified by the Iranian National Tax Administration, bank accounts with an annual turnover of over 50 billion rials ($1.19 million) are subject to anti-money laundering probes in case of suspicious activities.
News ID: 1714 Publish Date : 2017/12/25
A number of major Iranian private lenders have recently established correspondent relations with Qatar National Bank, the largest bank in the country.
News ID: 1709 Publish Date : 2017/12/19
Following the efforts of Iranian Embassy in Beijing for resolving the banking issues of Iranian nationals in China, officials of the East Asian nation have notified the Iranian Embassy that a directive has been sent to all Chinese banks urging them to offer all banking services to Iranian nationals and drop the previous restrictions, the embassy has announced.
News ID: 1690 Publish Date : 2017/12/16
As part of the government’s plan for lenders to do away with excess assets and become more agile, more than 150 trillion rials ($3.5 billion) worth of bank properties have been sold during the fiscal 2016-17, the economy minister said.
News ID: 1673 Publish Date : 2017/12/11
As a part of government’s plan to boost small- and medium-sized enterprises through the allocation of credit, since the beginning of the current Iranian fiscal on March 21, Iranian banks have doled out 56.57 trillion rials ($1.34 billion) in loans to 7,346 applicants.
News ID: 1669 Publish Date : 2017/12/11
Governor of the Central Bank of Iran Valiollah Seif asked the country’s banking system to gradually shift their lending practices and fund small- and medium-scale enterprises instead of big projects.
News ID: 1668 Publish Date : 2017/12/11
Iran’s economy is expected to experience a 4-5% growth in the current fiscal year to March 20, 2018, Central Bank of Iran’s Vice Governor Akbar Komijani said. “Since we have exhausted growth in the oil sector, the bulk of this year’s growth will be on the back of increased non-oil exports,” he was quoted as saying by Mehr News Agency.
News ID: 1615 Publish Date : 2017/12/06
In line with developing economic and political relations, Iran and Belarus are to expand their banking cooperation, it was announced in a meeting between First Vice President Es’haq Jahangiri and Andrei Kobyakov, the prime minister of the East European state.
News ID: 1607 Publish Date : 2017/12/02
The average goods and services Consumer Price Index for urban areas in the 12 months ending Nov. 21, which marks the end of the Iranian month of Aban, increased by 9.9% compared with last year’s corresponding period, the latest report released by the Central Bank of Iran showed
News ID: 1601 Publish Date : 2017/11/28
As part of its roadmap until the end of the second term of President Hassan Rouhani in the fiscal 2021-22, which will coincide with the turn of the Iranian century, Bank Maskan—the agent bank of the housing sector—aims to become a regional development force.
News ID: 1598 Publish Date : 2017/11/27
Tehran Chamber of Commerce, Industries, Mines and Agriculture has conducted a study on the presence of foreign banks in different countries and its economic impact, underscoring the lack of such a presence in Iran and the missing advantages.
News ID: 1575 Publish Date : 2017/11/24
Bank Sepah, the oldest Iranian bank, has denied reports in the local media that its Frankfurt branch has been subject to a new round of sanctions, saying foreign exchange operations of the branch remain unhindered.
News ID: 1560 Publish Date : 2017/11/20
The Central Bank of Iran has reached a deal with the Czech Republic's export credit agency for facilitating and expanding trade ties as well as improving the level of investments.
News ID: 1544 Publish Date : 2017/11/15
In response to reports regarding the closure of Iranian bank accounts by UAE banks, the director general of International Affairs Department at the Central Bank of Iran has announced that the issue is only confined to the Emirates NBD banking group.
News ID: 1541 Publish Date : 2017/11/14
Bank Mellat plans to issue 18 trillion rials ($450 million) worth of certificates of deposit in the next five trading days. The CDs’ sale will begin on Monday and continue until Nov. 20, Bourse Press reported.
News ID: 1534 Publish Date : 2017/11/13
Bank Melli Iran has managed to recover more than 64 trillion rials ($1.13 billion) of its non-performing loans during 2013-16, announced the bank’s chief executive.
News ID: 1524 Publish Date : 2017/11/11
A number of Iranian banks have declared their interest in opening branches in Belgium, which goal is expected to materialize with the help of both countries.
News ID: 1513 Publish Date : 2017/11/06
Iran and Iraq agreed to establish a joint committee between their central banks as soon as possible, during a meeting between Iranian Minister of Industries, Mining and Trade Mohammad Shariatmadari and Chairman of the Central Bank of Iraq Ali Mohsen Al-Allaq.
News ID: 1496 Publish Date : 2017/11/04
