The controversy surrounding the high number of Iranian bank branches is still raging with the dominant theme being the extension of lenders’ sphere of influence far wider. This, the critics say, become evident by a simple glance across most streets of Tehran where banks have a dominant presence. Most recently, President Hassan Rouhani had used […]

Market News – Aiming at creating stronger and more efficient Iranian Banks along with addressing their capitalization needs, an official in the Central Bank of Iranannounced the merger between Iranian financial institutions where Bank Ansar will take over Mehr Eqtesad Bank and Samen financial institute and the process is estimated to complete until the end of Spring 2018; the next wave of M&A will address tow […]

Iran’s International Property Rights Index score increased by 0.28 compared with 2016 to stand at 4.52 (out of 10) for 2017. The country ranked 99th out of 127 countries under study, showing no change compared with the previous year, according to a report released by Property Rights Alliance. The country was placed 11th from among […]

Iran’s vice president for science and technology believes that studies focusing on cryptocurrencies should be included in the long-term plans of the country since a decision on the issue cannot be reached in the short run. Sorena Sattari also told IBENA in an interview that such studies have begun in the country, as the world […]

Delegates from Iranian banks met with representatives of the European Banking Authority this week in Canary Wharf.  The regulators outlined the role and functions of EBA and discussed with delegates the European anti-money laundering framework and the supervisory standards of governance for banks, which are crucial for enhancing Iranian banks’ correspondent relations with European counterparts. […]

Market News – In an interview, the head of the Securities and Exchange Organization of Iran enumerated the reasons for the 27% growth of the Tehran Stock Exchange major index (TEDPIX) in the current year. Referring to the whole trading value (4 exchange markets) exceeding IRR 2,100,000 (cUSD 47 bn) bn, he firstly mentioned President Rouhani’s administration’s economic policies […]

The total volume of liquidity was more than 14.63 quadrillion rials ($325.62 billion) by the end of the 10th Iranian month to Jan. 20, the Central Bank of Iran announced. The monetary and banking sections of the latest report on economic indicators published by the regulator on its official website show that liquidity has had […]

The government is set to clear part of its debt to Social Security Organization by issuing up to 50 trillion rials ($1.1 billion) of debt securities, the first batch of which was issued on the capital market by Amin Investment Bank on Sunday. The first batch comprised 10 trillion rials ($222.2 million) worth of one-year […]

Market News – According to the Central Bank of Iran’s (CBI) statistics, the government’s tax income has surpassed its oil revenue of Iran’s Economy by IRR 76,000 in the first 10 months of the current year. In this regard, the Minister of Economic Affairs and Finance released a plan to revive the country’s current tax system in 2018/19 which contains […]

Twelve delegates from Iranian banks completed a two-day workshop organized by the International Compliance Association to receive the internationally-recognized ICA Certificate in Compliance in London, the world’s financial capital. Delegates were hosted in London for a week by OSACO Financial to attend the London International Compliance Training Program organized in partnership with the Monetary and […]