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 […]
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 […]
The Iranian National Tax Administration collected 800 trillion rials ($17.7 billion) in tax during the first 11 months of the current Iranian year (March 21, 2017-Feb. 19). INTA’s deputy head, Nader Jannati, also told Fars News Agency on Tuesday that direct tax returns stood at about 456 trillion rials ($10.1 billion) and the proceedings from […]
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 […]
Market News – The CEO of Iran Fara Bourse announced the launch of M&A platform in IFB’s third market, following President Rouhani and the Minister of Economic Affairs and Finance statements on the government decision to divest extra assets of Iranian banks and insurance companies via providing the IFB with the list of total divestible assets to pave grounds when probable buyers are known. […]
Market News – Today, IRR 30,000 bn (cUSD 670.39 mn) worth of Sukuk Intifa’a offered to the public on Iran Fara Bourse. These securities have a nominal yield of 20% with semi-annual coupon payments and will be matured in 48 months. “SF1Q1” is to finance the administration for the repayment (principal and interest) of previously issued securities in […]
