0254 GMT January 20, 2020
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Iranian Foreign Minister Mohammad Javad Zarif said Bank Pasargad plans to open a branch in India to facilitate bilateral trade between the Iran and the South Asian country.
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Nearly $1.4 billion worth of assets owned by 18 Iranian banks are being sold off as the banking system goes through a massive restructuring program aimed at optimizing the nation’s financial institutions.
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The Central Bank of Iran (CBI) said that the total balance sheet of the banks operating in the country grew by more than a quarter year-on-year in late August to reach more than $188 billion.
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African Export-Import Bank postponed an initial public offering on the London Stock Exchange until equity markets improve.
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Coinplug, one of the earliest bitcoin exchange, wallet and payment startups in South Korea, has raised 7.5 billion won, or $6.4 million, from venture arms of major local financial institutions.
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China’s central bank used open-market operations to inject the largest amount of cash into the banking system since May, as upcoming corporate tax payments tighten liquidity conditions.
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Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati said the much-anticipated merger of military-affiliated banks will complete in around late December.
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KCB Group Plc is pursuing defaulters as Kenya’s biggest lender combines recently purchased National Bank of Kenya Ltd. into its operations.
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An Iranian private bank has been authorized by the Central Bank of Iraq to open seven branches in the neighboring Arab country, an official said.
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More than a third of the UK’s bank branches have shut for good in less than five years, while hundreds of those that remain have reduced their opening hours, according to a report.
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Qatar Central Bank (QCB) issued treasury bills for three, six and nine months with a value of 600 million Qatari riyals (roughly $164 million), the bank said in a statement.
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Iran and Syria have vowed to expedite efforts for establishing a joint bank that could help the two allied countries deepen their trade and economic relations.
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Australia’s central bank held rates at an all-time low of one percent on Tuesday as it weighed the impact of past easing, though markets are wagering the tide of policy stimulus sweeping the world will compel it to cut again before year-end.
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Sweden’s economy unexpectedly shrank in the second quarter, casting further doubts on the Riksbank’s plans to continue to raise rates.
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India's UCO Bank tripled its branches with the aim of enhancing and boosting trade with Iran.
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