EghtesadOnline: The Majlis Research Center has proposed amendments to rules to help ease the sale of excess assets of state-owned banks.
EghtesadOnline: The new CBI boss Mohammad Reza Farzin has urged parliament to take banks' shrinking resources into account before deciding the lending largesse.
EghtesadOnline: Banks paid an estimated 29,719 trillion rials ($69.1 billion) in loans in the first nine months of the current fiscal year (ends in March) – up 41.9% on the same period last year.
EghtesadOnline: The central banks of Iran and Russia Sunday signed a deal to connect their national interbank communication and transfer systems to help boost trade and ease two-way bank transactions.
EghtesadOnline: Banks and credit institutions are mandated to allocate up to 2,000 trillion rials ($4.92 billion) in interest-free lending for government programs including loans to newlyweds, for childbirth and to support needy families.
EghtesadOnline: Banks say interest rates must rise to keep pace with the high and rising inflation to make deposits attractive for savers. Interest that banks now offer on deposits is, at best, far below the skyrocketing inflation rate.
EghtesadOnline: Bank Saderat accounted for 22% or 145 trillion rials ($408.45 million) of the assets, followed by Bank Melli with 21% or 143 trillion rials ($402.8m ), Tejarat Bank 110 trillion rials ($309.8 m) and Bank Mellat 96 trillion rials ($270.4m).
EghtesadOnline: Real Estate Investment Trusts (REITs) are a great help to banks as they can diversify their portfolio and sell real estate holdings in the stock market, a capital market expert said.
EghtesadOnline: Following mounting calls for publicly naming big defaulters, several banks published lists of some debtors on Sunday and the Central Bank of Iran said more is on the way.
EghtesadOnline: The Governor of Central Bank of Iran Ali Salehabadi said the bank will undertake comprehensive reforms in the new Iranian year that started on March 21.