Iran banks

Iranian banks’ foreign assets hit $74 billion

Foreign assets of Iranian banks reached 20,733.3 trillion rials ($74 billion) by end of last November.

Macro Economy

Iran electronic payment value up 82% YoY

An estimated 2.89 billion transactions worth 4,769.01 trillion rials ($20.7 billion) were processed via Shaparak in the fifth month of current Iranian year (July-22- August 21) showing 82.25% hike in the value of transactions compared to same period last year.

Financial Markets

Iranian PSPs process over 2.7 billion transactions in 1 month

The latest monthly performance report of Iran’s e-payment network shows that more than 2.73 billion transactions worth of 3,886.38 trillion rials ($16.8 billion) were processed by the national retail payment network Shaparak in the third Iranian calendar month (21 May-June 21).

Financial Markets

Central Bank of Iran ready for liquidity injection to shore up economy

The Central Bank of Iran (CBI) says it is ready for massive liquidity injections into the banking system as part of efforts to help government shore up the economy.

Macro Economy

Iran launches open market operation, aims at regulating capital flow

Iran has started implementation of open market operation (OMO) policies in its banking system as it seeks control over the capital flow in the country.

Financial Markets

Iranian banks deposits at $195b: CBI

Total deposits with banks and credit institutions reached 22,165 trillion rials ($195 billion) during the fourth month (June 22- July 22) of the current fiscal year indicating 26.9% annual growth.

Financial Markets

UK government, Iran’s Bank Mellat reach $1.6bn settlement over 2009 sanctions case

The British government lawyers have reached an 11th-hour settlement with the Iranian private lender Bank Mellat to avoid court hearings over 2009 sanctions on the bank.

Financial Markets

Iran’s Bank Mellat to sue UK Treasury for 2009 sanctions

The Iranian private lender Bank Mellat will take the UK former chancellor Alistair Darling to the court to claim damages inflicted on the bank due to the sanctions it imposed on it in 2009.

Financial Markets

Iran to merge banks owned by military institutions into Bank Sepah

The banks and financial institutions were created in a bid to have control over their benefits and expenditures, breaking away from the oldest lender Bank Sepah. However, the government is trying to cut armed forces’ role in economic activities.

Financial Markets

EU eyes Iran SPV for trade before November

The European Union’s foreign policy chief, Federica Mogherini, said on Wednesday a so-called Special Purpose Vehicle (SPV) under consideration to facilitate trade with Iran could be in place “before November.”

Trade