Tag Archives | Bank Saderat

Will Iran’s Banking Sector Collapse?

By Bijan Khajehpour for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iranian and international experts have opined for some time that Iran’s banking sector is at risk of a financial collapse due to toxic assets. It is no secret that over the past decade all Iranian […]

Without Reforms, Iranian Banking Crisis Looms

By Alireza Ramezani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. In Iran, concerns are growing that banks may be facing the same fate as credit and financial institutions (CFIs), many of which are believed to be on the verge of collapse. CFIs, many of them […]

France Removes Restrictions on Bank Saderat

By John Lee. IRNA reports that the French Central Bank has lifted restrictions on Iran’s Bank Saderat branch in Paris, paving the way for normal banking transactions in the branch. The EU had previously announced the exclusion of Bank Saderat from its list of sanctions. (Source: IRNA)

Why do Iranian Banks remain stuck with Toxic Assets?

By Alireza Ramezani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. On Feb. 26, the Iranian government got the go-ahead from parliament members to sell a total of 10 trillion rials ($308 million) worth of excess properties owned by the ministries of Information and Communications Technology […]

Bank Mellat Shares Lose 37.5% in One Day

By Alireza Ramezani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The sudden and sharp fall in the main index of the Tehran Stock Exchange (TSE) on Jan. 24 came as a real shock to investors. After allowing the resumption of trade in Bank Mellat shares, […]

CBI Boss to Chair Islamic Financial Services Board

By John Lee. The Council of the Islamic Financial Services Board (IFSB) has appointed Dr. Valiollah Seif, Governor of Central Bank of Iran (CBI), as its Chairman for 2017. Dr. Seif is a veteran of banking and finance, and is one of the most distinguished figures in the Iranian banking system. He has a PhD in […]

UK Removes Iranian Bank from Sanctions List

Bank Saderat Iran (BSI) has been removed from Britain’s list of sanctioned entities, a report said. The UK Treasury made an announcement on Monday, saying that it has lifted its sanctions on the Iranian bank, which had been blacklisted as a result of sanctions against Iran. The decision to delist the bank, it said, was […]

Bank Bosses Sacked in Salaries Scandal

By John Lee. Middle East Eye reports that the heads of four major public banks have been sacked following revelations that they can earn $65,000 per month – 100 times Iran’s average. “At the request of the president to investigate the issue of salaries, the heads of Mehr Iran, Mellat, Refah and Saderat banks have […]