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Banks

  • EghtesadOnline: The Economy Minister Farahad Dejpasand in a letter to banks and credit institutions asked them to comply with interest rates announced by the Money and Credit Council, the top banking and monetary policymaker.

  • EghtesadOnline: Banks and credit institutions paid 13,959.9 trillion rials ($55.8 billion) in loans to businesses in ten months since the beginning of current fiscal year that ends on March 20.

  • EghtesadOnline: The specialized and commercial Iranian banks were allowed by Majlis to extend financial facilities worth a maximum $3 billion to finance development plans and key infrastructures.

  • EghtesadOnline: Results of the recent bond auction held by the Central Bank of Iran indicate the declining share of banks and credit institutions in bond sale while stock market investors and security underwriters contributed more.

  • EghtesadOnline: New estimations indicate banks and credit institutions affiliated to the government own non-banking assets worth 900 trillion rials ($3.6 billion), the deputy economy minister for banking, insurance and state-owned companies said.

  • EghtesadOnline: Parliamentarians have obliged banks and credit institutions to allot a minimum 40% of their lending facilities to the housing sector in each fiscal year.

  • EghtesadOnline: The Majlis Research Center, affiliated to Iran's parliament, has recommended the mutual funds operating in the country's capital market to reduce their share of investment in banks in favor of bond market.

  • EghtesadOnline: The Majlis Research Center, affiliated to Iran's parliament, has recommended the mutual funds operating in the country's capital market to reduce their share of investment in banks in favor of bond market.

  • 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).