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Loans

  • EghtesadOnline: Since the beginning of the calendar year in late March banks and credit institutions gave 1,080 trillion rials ($3.22 billion) loans to low-income people , namely to bolster youth marriage and childbirth and support citizens wanting to rent a home.

  • EghtesadOnline: Banks and credit institutions gave 236 trillion rials ($747.5 million) in collateral-free loans after the government announced the new lending program in January.

  • EghtesadOnline: The CBI recently obliged banks to regularly publish the names of big defaulters in the hope that it could help recover the billions in bad debt that have almost devastated the banking sector’s lending ability and capacity, hurling some towards insolvency

  • EghtesadOnline: Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has warned lawmakers about passing legislation that put banks under additional financial pressure.

  • EghtesadOnline: The Economy Ministry is apparently determined to compel banks to accept collateral-free microloan requests as it has set a deadline for state-owned lenders to submit a report to this effect.

  • EghtesadOnline: Banks will no longer demand collateral for loans below 1 billion rials, a deputy with Economy Ministry said.

  • EghtesadOnline: The main challenge the National Development Fund of Iran is facing is the difficulty of borrowers in reimbursing loans, the fund’s deputy for banking and credit affairs said.

  • EghtesadOnline: New rules governing bank loans passed by the Majlis this week, legally ban lenders from charging compound interest and is designed to help boost the business environment, lawmakers say.

  • EghtesadOnline: New rules governing bank loans passed by the Majlis this week, legally ban lenders from charging compound interest and is designed to help boost the business environment, lawmakers say.

  • 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).