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Zarif: Iranian bank to open branch in India
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.
Iranian banks selling $1.4b in assets amid overhaul: Report
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.
Iranian banks’ balance sheet grew by 27.4% to hit $188b in Aug.: CBI
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.
African Export-Import Bank delays IPO over unfavorable markets
African Export-Import Bank postponed an initial public offering on the London Stock Exchange until equity markets improve.
Major South Korean banks back bitcoin startup Coinplug’s $6.4m round
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.
China’s central bank boosts liquidity ahead of tax payment surge
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.
Merger of military banks to complete in late Dec.: Iran
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.
Kenya’s biggest bank chases down defaulters to stem loan losses
KCB Group Plc is pursuing defaulters as Kenya’s biggest lender combines recently purchased National Bank of Kenya Ltd. into its operations.
Iranian bank allowed to open branches in Iraq: Official
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.
More than a third of UK bank branches have closed since 2015
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.
Qatar's central bank issues $164m treasury bills
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.
Iran, Syria to develop banking ties, set up joint bank: Report
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.
Australia's central bank holds rates at all-time low as trade war rages
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.
Sweden’s economy unexpectedly contracts in blow to central bank
Sweden’s economy unexpectedly shrank in the second quarter, casting further doubts on the Riksbank’s plans to continue to raise rates.
India’s UCO Bank increases its branches to do business with Iran
India's UCO Bank tripled its branches with the aim of enhancing and boosting trade with Iran.

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