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Half of Malaysia’s banking assets to be Islamic in next decade
Malaysia can expect half of its banking assets to be Islamic by 2030 as the industry’s growth outpaces conventional banking, according to a lenders’ association.
Iran, China keep banking initiatives secret to counter US sanctions: Envoy
China’s Ambassador to Iran Chang Hua said the two countries have agreed on new banking mechanisms that could facilitate bilateral trade although he insisted that the initiatives would remain confidential in order to avoid the US sanctions imposed on Iran.
Iran’s SEPAM replaces SWIFT in banking exchanges with Russia: CBI
Iran’s financial telecommunications system, known as SEPAM, has replaced the Society for Worldwide Interbank Financial Telecommunications (SWIFT) in the country’s financial transactions with Russia, said the governor of the Central Bank of Iran (CBI).
Iran, Syria to expand banking cooperation
Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati held a meeting with his Syrian counterpart Hazem Karfoul on the development of economic and business relations.
How a shadow banking crisis sent India's auto sector into a tailspin
Sudhir Gharpure and his sales team sat chatting at a big Maruti Suzuki dealership on the outskirts of Mumbai some two hours after its doors were opened on a recent Saturday morning — not a single customer was in sight.
Pakistani traders call for resumption of banking ties with Iran
The representatives of Pakistan’s Quetta Chamber of Commerce and Industry (QCCI) called for the resumption of banking ties with Iran to ease the trade process and transactions.
China's top banking regulator says yuan bears will suffer 'heavy losses'
China’s banking and insurance regulator on Saturday said it did not expect a persistent decline in the yuan and warned speculative short sellers they would suffer ‘heavy losses’ if they bet against the currency.
Tehran, Prague to expand banking cooperation
Tehran and Prague will study the expansion of banking cooperation and investment opportunities in areas of industry, mines, commerce, health and treatment in a bid to further bolster economic ties, said Iranian Deputy Economy Minister Seyed Ali-Mohammad Mousavi at the opening meeting of the two countries’ joint economic commission.
Iran, Czech call for expansion of banking cooperation
Deputy Minister of Economy and Financial Affairs Ali Mohammad Mousavi said on Tuesday that Iran and Czech are to study expansion of banking cooperation, investment opportunity, industry, mine, commerce, health and treatment in the upcoming Iran-Czech joint economic cooperation meeting.
Tehran, Baghdad to increase banking ties
The Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati, on the sidelines of his Sunday meeting with the Iraqi Finance Minister Fuad Mohammed Hussein, said that banking relations between Tehran and Baghdad will be eased to facilitate transactions between the two countries’ businessmen.
Pessimism clouds UK banking as demand for services drops
British banks have suffered their first drop in demand for five years as Brexit uncertainty, regulation and market volatility took their toll.
Iran, China resume banking ties: Source
An informed source at the Iran-China Chamber of Commerce said on Saturday that Tehran and Beijing have resumed banking ties after an Iranian bank started to broker money transfer between the two countries.
Iran-China banking obstacles removed: Official
The head of Iran-China Joint Chamber of Commerce said the hurdles in banking transactions between Tehran and Beijing were cleared.
ECB's Nouy: Eurozone needs large banking champions
The eurozone needs a few mega banks that can compete on the world stage, and banks need a deposit insurance scheme, Daniele Nouy, the head of the European Central Bank’s supervisory board, said on Wednesday.

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