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ECONOMY

Russia’s VTB bank to upgrade Tehran office to branch

Russia’s VTB bank says it will set up a branch in the Iranian capital Tehran to process trade payments.

vtb office tehran

ECONOMY

Businesses received 77.7% of bank loans in Iran in Apr-Sep: CBI

Iran’s central bank says loans granted to businesses amounted to 24,119 trillion rials in April-September.

bank branch iran

ECONOMY

Islamic banking in ascendancy: The case of Iran

In 2020, London-based global financial analysis magazine The Banker included Iran’s Mellat Bank among the list of the world's top banks compliant with Islamic Sharia.

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ECONOMY

Russian ATMs to accept Iranian bank cards in late August: CBI chief

Iranian card holders will be able to withdraw ruble from Russian ATMs in late August.

mohammad reza farzin

ECONOMY

ACU summit in Tehran discusses substitutes for US dollar

Officials of the Asian Clearing Union meet in Tehran to discuss the use of alternative currencies as substitutes for the US dollar.

acu photo

BUSINESS

More US consumers are falling behind on payments

Consumers in the US are falling behind their credit card and loan payments.

us shoppers

ECONOMY

Iran launches banking scheme to offer factoring services

Iran’s finance ministry launches a first banking scheme to offer factoring services to businesses.

iran finance ministry