EghtesadOnline: The Central Bank of Iran in a directive has ordered banks and credit institutions to send it the names of the checkbook holders who have had more than 20 bounced checks times.
EghtesadOnline: Banks and credit institutions owed the Central Bank of Iran 2,085 trillion rials ($16 billion), by the end of the eighth month (November 21) of current Iranian fiscal year that ends in March.
EghtesadOnline: Banks and credit institutions have sold property and non-financial assets worth 150 trillion rials ($1.1 billion) since the beginning of current fiscal year in March 2019, said an official with the Economy Ministry.
EghtesadOnline: From the beginning of fiscal 2018-19 up until September, the loan-to-deposit ratio has been of the descending order indicating that banks are exercising extra caution when it comes to lending.
EghtesadOnline: 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.
EghtesadOnline: The number of ATMs in Iran reached 58,442 by the end of November, which shows banks installed more than 1,800 new devices in one year to meet increasing demand for services out of the branches.
EghtesadOnline: Banks and credit institutions paid 5,313 trillion rials ($40.8 billion) in loans in the first eight months of current fiscal year to Nov.21.
EghtesadOnline: An unprecedented bank merger is underway in Iran since last March in which five banks and credit institutions affiliated to military organizations are being merged with the state-owned Bank Sepah.
EghtesadOnline: The government is piling pressure on banks to put an end to their non-bank businesses by getting rid of surplus assets. The push appears to gain momentum in recent weeks as the Ministry of Economy and Finance last weekend unveiled an online auction system for this purpose.
EghtesadOnline: Banks have significantly cut borrowing from the Central Bank of Iran as the numbers declined more than 40% compared to the same period last year, the CBI governor said.