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Banks

  • EghtesadOnline: Residue shares of the government in four major refineries and some state-run companies are to be sold to three semi-private banks, it was decided at a Cabinet meeting in Tehran on Sunday.

  • EghtesadOnline: The Majlis Research Center has looked into the performance of banks in the first quarter of the current fiscal year (March 20- June 21).

  • EghtesadOnline: Out of 533,752 businesses that registered at Kara.mcls.gov.ir and were introduced to the banks to receive government-backed coronavirus financial support, 365,841 businesses (70% of the total) have received their loans as of Nov. 30, while the documents and collaterals of the rest are under review, the Central Bank of Iran reported.

  • EghtesadOnline: The Central Bank of Iran says it lent to banks last week in need of liquidity by implementing open market operation.

  • EghtesadOnline: Electronic banking charges are higher than what customers pay, says the Central Bank of Iran's deputy governor for innovative technologies, elaborating the reasons behind the recent increase in bank fees.

  • EghtesadOnline: Iran’s Money and Credit Council, the top monetary decision-making body, approved proposals from the Central Bank of Iran to improve the balance sheets of lenders.

  • EghtesadOnline: New exchange rates should be used by banks as the basis for converting their forex debt and assets into rial, the Central Bank of Iran said Thursday.

  • EghtesadOnline: Banks and credit institutions paid 5,060.8 trillion rials ($18 billion) in loans to businesses in the first five months of the current fiscal year (March 20-August 21).

  • EghtesadOnline: Iranians’ tendency to invest in banks has declined drastically in favor of stocks and real estate markets, according to a poll by the Iran Student Polling Agency (ISPA).

  • EghtesadOnline: As the stock market continues to plunge, the High Council of Securities and Exchange said banks too can invest in the bourse.