EghtesadOnline: The banking overhaul plan–a roadmap enacted by President Hassan Rouhani to transform the outdated banking system–would allow the banking sector to fend for itself without relying on the Central Bank of Iran, said Masoud Nili, a senior economic advisor to the president.
EghtesadOnline: Iran says a certain number of small European banks have agreed to work with the country multiple months after the removal of the sanctions.
EghtesadOnline: The action plan of the Central Bank of Iran regarding the implementation of the Banking Overhaul Plan is premised on 10 key factors, said the vice-governor of the bank.
EghtesadOnline: Several of Iran’s biggest banks have been dragged into a fight between the government and its hardline opponents, as disputes over last year’s nuclear deal roil domestic politics months ahead of presidential elections.
EghtesadOnline: Deputy Minister of Petroleum for International Affairs and Trading, Amir-Hossein Zamaninia, said on Sunday that Iran has no difficulty to receive petrodollars through the Central Bank.
EghtesadOnline: Head of the Management and Planning Organization said Iran is aiming for an average annual growth of 8% over the course of the next five years and to achieve this ambitious goal, the banking sector needs to extend 1.8 quadrillion rials ($ 57.6 billion ) in credits to private firms.