EghtesadOnline: Money issuance by banks is under the stringent oversight of the Central Bank of Iran, the CBI’s head of monetary and credit operations said.
EghtesadOnline: Banks and credit institutions gave 9,007.8 trillion rials ($33 billion) in loans in the first five months of the current fiscal year (March 21-August 22).
EghtesadOnline: The Central Bank of Iran is expanding the scale of its monitoring of banks’ lending policies with the help of innovative IT tools.
EghtesadOnline: Financial reports of banks show the majority are struggling with capital adequacy ratios (CARs) below global financial norms.
EghtesadOnline: Banks have received 100,000 requests for credit cards for which Justice Shares can be used as collateral, an official with the Central Security Depository of Iran (CDSI) said.
EghtesadOnline: The managing director of Iran Mercantile Exchange in a letter to banks announced that the IME is willing and able to help them divest their non-financial assets.
EghtesadOnline: The Central Bank of Iran on Sunday increased the credit card limit by four times allowing banks to offer up to 2 billion rials ($8,000) in credit.
EghtesadOnline: The government plans to sell its remaining stake in three banks and an agro company in blocks of shares.
EghtesadOnline: A recent study estimates that information technology investment barely accounts for 1.73% of Iranian banks' annual spending. This is while a sharper focus on the key sector can and will boost profitability of lenders.
EghtesadOnline: Ten big banks operated more than 47,000 automated teller machines (ATMs) in Iran by April 21, accounting for 78% of the total.