EghtesadOnline: The chief executive of Bank Refah said limited overseas operations and rising inflation driven mainly by the recent currency crisis will pose major challenges to the banking sector in the coming months.
EghtesadOnline: The number of bank branches per capita increased by 42% over the 15-year period in the Iranian year ending March 20, 2017, according to the latest figures published by the Statistical Center of Iran.
EghtesadOnline: Iran’s banking sector witnessed a drop in the volume but a rise in the total value of checks that bounced in the closing month of the last fiscal year (ended March 20, 2018), according to the latest figures.
EghtesadOnline: Iran’s banking sector has rebounded in the absence of sanctions lifted under the 2015 nuclear deal and will continue to rebuild its foreign correspondent relations despite the recent US withdrawal from the deal, a senior banking official said.
EghtesadOnline: The vice governor of Central Bank of Iran expressed doubts about the possibility of fully recovering the banking resources tied up in non-performing loans that amount to billions of dollars, a thorny issue dragging on the troubled banking sector for nearly a decade.
EghtesadOnline: Iran’s Deputy Foreign Minister Abbas Araqchi addressed various aspects of benefits resulting from the country’s nuclear deal with world powers.
EghtesadOnline: The Central Bank of Iran, in tandem with the Economy Ministry, is actively pursuing anti-money laundering measures to bring down crimes and violations in the banking system to zero in the foreseeable future, CBI's director general for regulations, banking permits and anti-money laundering said.
EghtesadOnline: In its latest analysis of the Iranian banking sector, Capital Intelligence, the international ratings agency, noted that the repayment of government arrears to banks and the private sector is an urgent priority for Iranian banks to lift their weak capital adequacy ratios and allow their financing capacity to improve.
EghtesadOnline: Economy Minister Ali Tayyebnia has called on Bank Melli Iran, the nation's biggest lender, to be at the vanguard of much-needed reforms in the ailing banking sector by supporting businesses, reducing interest rates and developing Internet banking.
EghtesadOnline: Bank fees and their forex income should be increased to lower the interest rates in the banking sector, the CEO of Export Development Bank of Iran said.