EghtesadOnline: The Monetary and Banking Research Institute for Islamic Banking said troubled financial institutes may transition into legitimate banks.
EghtesadOnline: In its latest meeting on Wednesday, the Cabinet led by President Hassan Rouhani reviewed a report provided by the Central Bank of Iran on the situation of illegal credit institutions.
EghtesadOnline: Lawmakers on Tuesday had a closed-door meeting with the Governor of Central Bank of Iran Valiollah Seif, as the regulator’s actions had become a talking point in the controversy surrounding unlicensed credit and financial institutions.
EghtesadOnline: As the heated case of uncertified credit institutions drags on, the parliament has given the Central Bank of Iran until March 2018 to wrap up the case.
EghtesadOnline: The share of uncertified financial institutions in the Iranian market significantly shrunk in the first four years of President Hassan Rouhani’s term, as government policies to organize the informal financial market have borne fruit, the governor of the Central Bank of Iran said.
EghtesadOnline: Governor of the Central Bank of Iran has released a statement reassuring the public that the bank is determined to end the lengthy saga of uncertified credit institutions, the news of which resurfaced recently.
EghtesadOnline: Central Bank of Iran is using a new system of supervision in which risky banks are being closely monitored at a time when the fallout from shadow banks has beset the financial system, a CBI official said.
EghtesadOnline: The Central Bank of Iran is bound to protect people’s investments and in line with that, the bank has so far paid 22 trillion rials ($586.6 million) from its resources to Samen al-Hojaj Credit Institution depositors and has guaranteed to pay another 22 trillion rials ($586.6 million) in the future for the merged institution, the CBI governor said.
EghtesadOnline: First Vice President Es'haq Jahangiri has called on the Central Bank of Iran to strictly deal with illegal financial institutions as part of the government's efforts to crack down on corruption.
EghtesadOnline: Parliament Speaker Ali Larijani has called on Majlis Article 90 Commission, which handles complaints, to follow up the case of two credit institutions.