An Iranian MP has said that foreign bank presence in Iran would infuse liquidity into the national economy which could help production flourish, if managed properly.
The Central Bank of Iran has ordered banks and credit institutions to allocate a minimum of 10% of their loans to small and medium-sized businesses in a move to help create jobs and boost the beleaguered production sector.
Iran's Ambassadorto Turkey Ali-Reza Bigdeli announced banking relations between the two countries go back to normal and Bank Mellat will resume its operations in...
Under a deal the Ahmadinejad government signed with the Chinese, the Chinese have been entrusted with holding Iran's assets.
The government’s Special Workgroup on the US Seizure of Central Bank Assets has drafted a report of the developments on the US encroachments on the Central Bank assets.
Iranian Foreign Minister Mohammad Javad Zarif denounced the US government’s moves to seize or put freezes on Iran’s assets abroad as a plain case of international banditry.
German media say three Iranian banks plan to open branches in Munich in the near future in what is expected to help stimulate business ties between the two countries.
A senior Iranian official said on Sunday June 12 that so far several agreements, worth $35 billion, have been reached between Iran and large global banks.
Governor of Central Bank of Iran (CBI) Valiollah Seif, who is on an official visit to Singapore, voiced the Islamic Republic’s readiness to boost banking cooperation with the Southeast Asian country.
Central Bank of Iran has been appointed as the director of Islamic Financial Services Board (IFSB) in 2017.