Iran Banking News

The Central Bank of Iran says it is in the process of moving all banking operations online to help improve access to banking services by a larger segment of the population.  “This would…

Private banks have a minimal role in confiscating real estate of business owners who defaulted on their loans. 

Central Bank of Iran data show that term deposits are growing over sight deposits, yet another indication that people keeping their money in banks for longer periods. 

An official at the Economy Ministry said the new collateral-free lending program is not all-inclusive. Abbas Hosseini, the ministry’s deputy for banking, insurance and state-run companies, said…

The interbank interest rate declined for the second straight week after reaching the one-year high of 21.11% on Dec. 30.   Stepping back from the recent highs, the interbank rate declined…

New data from the Central Bank of Iran show banks and credit institutions performed better in recovering non-performing loans in first half of current fiscal year ending Sep.22.  The ratio…

Banks must concentrate on the credit rating of customers when studying loan requests, the Central Bank of Iran’s head of information department said.  “Lenders are obliged to make thorough…

The Industries Ministry and seven banks signed a memorandum of understanding Saturday for a pilot program for a new supply chain finance (SCF) announced by the Central Bank of Iran.   The…

Private banks and credit institutions are against increasing interest rates, the secretary of Iran's Private Banks and Credit Institutions Council said.

Net earnings of eight Iranian state-owned banks and the Central Bank of Iran has been forecast at 2,314.28 trillion rials ($7.8 billion) in the March 2022-23 draft budget. This is 25% higher on…

Data released by the Central Bank of Iran shows check transactions declined remarkably in the month ending Oct 22. More than 5.4 million checks worth 2,005 trillion rials ($6.7 billion) changed…

The government has agreed to again extend the loan repayment timelines for troubled manufacturers, the Economy minister said. According to Ehsan Khandouzi, the National Coronavirus Headquarters…

Interbank rates have been declining over 14 straight weeks reaching 21.09% on Thursday, the highest in one year. The rate was 19.9% in late March before declining to 17.95% on July 8, the…

Banks and credit institution henceforth must submit a copy of the loan contract to borrowers, the Central Bank of Iran said.    The copy must bear the same legal value as the original…

Banks and credit institutions paid more marriage loans in the present fiscal year (started in March), said the head of public relations department of the Central Bank of Iran.

Bahrain has been ordered by the Permanent Court of Arbitration in The Hague to pay over €200 million in damages plus costs to two Iranian banks for the unlawful moves against f their operations…

Loans by banks and credit institutions reached 14,828.9 trillion rials ($52.9 billion) in the first seven months of current fiscal year (March 21-Oct 22). Lending increased 5,474.2 trillion…

The Central Bank of Iran has announced tougher restrictions on underperforming banks as part of measures to “control money issuance” by banks. It increased reserve requirements of five banks by…

Economy Ministry data show banks have been far from upholding the business ethic of equality in their lending practices.   Data published by the ministry news portal, shada.ir, indicate…

Interbank rates continue to rise climbing to 20.31% as of Thursday, the Central Bank of Iran said. Rates have been of the ascending order since late August rising from 18.29% and now are the…

Date released by the Central Bank of Iran show the reserve requirement of banks increased more than twofold in three years.  The legal reserves rose from 154 trillion rials ($570 million)…

The Central Bank of Iran in an edict to banks announced caps for working capital loans.

New executives have taken charge at several state-owned and privatized banks, including the two largest banks Bank Melli Iran and Bank Sepah.

Banks gave 12,410.8 trillion rials ($45.5 billion) in loans in the first half of current fiscal year (March 21- Sept 22).   Compared to the corresponding period last year, lending rose by…

The Central Bank of Iran announced new guidelines based on which banks and credit institutions are allowed to issue credit cards holding up to 2 billion rials ($7,400). 

As per…