Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The possibility of mergers in the Iranian banking system accelerated with the recent announcement by the Central Bank of Iran’s Governor Valiollah Seif that the motion could be used as a solution for low-profit banks since it helps them reduce their expenses while easing the process of […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Saman Bank is now able to transfer money to European banks without any hurdle, the bank’s website has announced.”According to agreements, money transfer for different purposes, including for students and medical expenses, can be conducted through banks with which Saman has correspondent relations, provided the destination […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Heads of Georgian, Iranian and Azerbaijani railroads have discussed the issue of launching the new South-West Transport Corridor where Georgia will play a vital transit role connecting Persian Gulf and India to Europe. In a meeting held in the Georgian capital Tbilisi on Tuesday, the three […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    The Central Bank of Iran has released the names of 40 registered banks and credit institutions active in the country, which include the names of five foreign banks mostly based in Tehran and Kish Free Trade Zone. The only five foreign lenders licensed to operate in […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ; The Cabinet has approved the issuance of 100 trillion rials ($2.67 billion) worth of securities to finance government projects. The decision was made in a Wednesday Cabinet meeting led by President Hassan Rouhani. The projects to be funded by securities include those run by the ministries […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    A high-ranking delegation from Malaysia will visit Tehran within a month. This was announced by Malaysian Ambassador to Iran Rustam bin Yahaya in a meeting with Iran Chamber of Commerce, Industries, Mines and Agriculture Chairman Gholamhossein Shafei on Wednesday. “Surveying solutions to eliminate obstacles to banking […]

Without taking oil sector growth into consideration, the economy expanded by 6.3% The agriculture sector grew by 5%, the “industry group”, including mines, manufacturing, energy and construction, expanded by 11.3% and the services sector increased by 7.1% Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Iran’s economy grew 8.3% in the last fiscal year […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Bank Melli Iran, the nation’s biggest bank, has been allowed to draw up to $1 billion from the foreign exchange resources of the National Development Fund of Iran to support production, the bank’s deputy for credit affairs announced. “As the volume of loan applications from the […]

Majlis Economic Commission has voiced its support for the merger of Iranian public and private banks The merger of Iranian banks can play an important role in plumping up their capital cushions Reported by HPMM Group according to FINANCIAL TRIBUNE ; As the possibility of mergers in the Iranian banking system strengthens, a senior lawmaker […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Bank Mellat–a lender with extensive experience in designing and implementing banking software systems—has launched a fraud detection software that will promote the security of its digital transactions, said a deputy economy minister. Commending Bank Mellat’s efforts for upgrading its banking tools, Hussein Qazavi added that the anti-fraud […]