EghtesadOnline: The total arrears of 27 Iranian private banks and non-bank credit institutions to the Central Bank of Iran up to July 22 stood at 494.1 trillion rials ($12.6 billion), marking a significant growth of 14.7% compared to the previous month.
EghtesadOnline: Following the final agreement for a multibillion dollar South Korean finance deal for Iranian projects, private Iranian banks have signed a memorandum of understanding with their South Korean counterparts with the aim of expanding correspondent banking relations.
EghtesadOnline: The total arrears of 27 Iranian private banks and non-bank credit institutions to the Central Bank of Iran up to April 20 stood at 347.8 trillion rials ($9.2 billion), marking a drop of 9% compared to its previous month.
EghtesadOnline: Private banks and credit institutions are in favor of lowering interest rates and they are currently holding negotiations in this regard with financial authorities, especially the Central Bank of Iran and the Money and Credit Council, the head of the Association of Private Banks said.
EghtesadOnline: The Central Bank of Iran has notified Basel III principles on corporate governance to Iranian private banks and credit institutions, as part of the regulator's mandate to incorporate global standards.
EghtesadOnline: Two Iranian private banks are to open branches in Munich, the capital of the German state of Bavaria, which will greatly enhance the prospect of Iran-German financial interactions, the deputy economy minister for economic affairs and media, energy and technology announced.
EghtesadOnline: The Central Bank of Iran’s monthly stats show the banking system’s total lending stood at 8.48 quadrillion rials ($215.5 billion at the market exchange rate) by November 20, with private banks and credit institutions accounting for 5.24 quadrillion rials ($133.3 billion) of the total.