EghtesadOnline: The scheme to levy taxes on bank deposit interest has come to the fore again, with a senior official at the Central Bank of Iran saying that under the current circumstances, an interest income tax would hurt the Iranian financial system.
EghtesadOnline: Illegal credit institutions that mushroomed during the tenure of the former administration and whose malevolent effects continue to dog the country’s financial system are on their way out, the governor of the Central Bank of Iran announced.
EghtesadOnline: Central Bank of Iran is using a new system of supervision in which risky banks are being closely monitored at a time when the fallout from shadow banks has beset the financial system, a CBI official said.
EghtesadOnline: Even though a handful of Iranian banks are fighting formidable challenges, including unhealthy balance sheets and thin capital cushions, they are not facing any existential threats, said a Central Bank of Iran official in response to recent claims that the financial system is nearing bankruptcy.
EghtesadOnline: President Hassan Rouhani on Monday denied reports claiming that the Iranian banking system is in crisis mode, stressing that the country’s financial system has improved under his four-year watch.