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  • EghtesadOnline: The monetary base expanded to unprecedented levels in the calendar month to Dec. 31 due mainly to banks’ excessive borrowing from the Central Bank of Iran.

  • EghtesadOnline: Loans by banks and credit institutions reached 14,828.9 trillion rials ($52.9 billion) in the first seven months of current fiscal year (March 21-Oct 22).

  • 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 held 75,206.8 trillion rials ($278 billion) in assets by the end of the month to August 22, indicating 43.8% increase compared to the same period last year.

  • EghtesadOnline: Law Enforcement Forces (LEF) said it has blocked 30,000 bank accounts and SIM cards suspected of fraud and illegal activities.

  • EghtesadOnline: After financial statements of Bank Melli Iran became public last week, the chief executive, Mohammad Reza Hosseinzadeh, responded to criticism and defended the performance of the lender.

  • EghtesadOnline: The Central Bank of has announced new regulations for issuing gift cards by banks compatible with the Anti-Money Laundering law.

  • EghtesadOnline: Bank Maskan, the state agent bank of the housing sector, has raised the ceiling on home loans paid under the so-called Youth Savings Account.

  • EghtesadOnline: Four local banks have reached a multilateral deal with the state-backed Iran National Innovation Fund to provide low-interest loans worth 10 trillion rials ($37 million) to emerging knowledge-based firms and startups.

  • EghtesadOnline: Mazandaran Province’s agriculture sector received a total of 30 trillion rials ($125 million) in bank loans during the first 10 months of the current Iranian year (March 20, 2020-Jan. 19), according to an executive with the Agriculture Bank of Iran, also known as Agribank.