Aquartet of major regulatory bodies will form a task force to resolve the controversy surrounding banks’ financial statements, secretary of the Association of Private Banks and Credit Institutions announced on Saturday. Mohammad Reza Jamshidi added that the task force will comprise representatives of the Security and Exchange Organization, Audit Organization of Iran, the Central Bank […]

Market News – The cabinet members released the initial draft of bylaw governing the partnership between Iranian banks and credit institutes and foreign counterparts, either individuals or institutions. According to the new bylaw, the caps for foreign participation on Iranian Banks and credit institutes are as follows: Foreign Individual person: Up to 10%; with CBI approval; More than 10% […]

An Indian bank has received the authorization of the Reserve Bank of India–the country’ central banking institution–to invest in Iran in rupees as part of the initiative by the Asian superpower to strengthen economic ties with Iran. According to India’s Deputy Chief of Mission in Tehran Devesh Uttam, six Iranian banks have also received the […]

President Hassan Rouhani has ordered the National Development Fund of Iran to prepare a plan to attract foreign investments, according to a board member of the fund who also referred to measures taken for boosting foreign relations through other channels. “For increasing the attraction of foreign funds, Iran’s sovereign wealth fund has prioritized a number […]

Market News – In an attempt to utilize the capacities of Iran’s Debt Market, Social Security Organization of Iran is to issue IRR 10,000 bn (cUSD 223.46 mn) worth of Sukuk Ijarah with a nominal rate of 20%, the maturity of 1 year and semi-annual coupon payments. The underlying asset is, for the first time, 7.89% of “PTAP1″ shares priced […]

Total capitalization of Iran’s capital market, including equity and fixed-income, is currently standing at around $130 billion. The amount of foreign investment in the country, including direct and portfolio investment, is reported to have been quadrupled since the implementation of the landmark nuclear deal known as the Joint Comprehensive Plan of Action in mid January […]

The Central Bank of Iran has called on the banking system to enforce anti-money laundering and combating the financing of terrorism measures by establishing strong compliance departments. CBI Governor Valiollah Seif on Wednesday met with the chief executives of banks at the CBI headquarters and urged them to implement AML/CFT standards in their operations, especially […]

Market News – With IRR 1,180 bn in the capital, 117,943,000 shares, equal to 10%, of Shafa Darou Investment (SHFA1) went public on Tehran Stock Exchange through book building method ranging at IRR4,000-IRR4,150. The company is owned by Ayande Pouya (81%), Tose’e Melli Investment Group (13%) and Tose’e Melli Investment (5%). Each investor, both individual and institutional were allowed to purchase […]

The Central Bank of Iran’s main plan to control runaway foreign exchange rates has been successful, as the total value of liquidity attracted by banks from the sale of rial certificates of deposit has amounted to 2.4 quadrillion rials ($53.5 billion), the head of the Private Association of Banks and Credit Institutions announced. “The bulk […]

Iran Fara Bourse has launched a merger and acquisition negotiation platform to facilitate the process of public assets’ privatization on the capital market and improve sales transparency, IFB’s managing director said on Monday. “Organizations who seek to privatize their assets, such as Iranian Privatization Organization, banks and Social Security Organization can provide IFB with a […]