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ECB says a rate hike unlikely for 2022; euro slides
European Central Bank President Christine Lagarde reiterated on Friday that the “conditions to raise rates are very unlikely to be satisfied next year.”
World Bank chief calls for 'comprehensive' debt relief for poor countries
Debt loads in low-income countries surged 12 percent to a record $860 billion in 2020 amid the pandemic, prompting World Bank President David Malpass on Monday to call for a "comprehensive plan" to deal with the issue.
Europe's banks lagging on sustainability: BlackRock study
Europe’s banks are slow to act on sustainability and have limited understanding of their exposure to environmental, social and governance risks, according to a report by asset manager BlackRock for the European Commission.
Iran: Bahraini court's ‘baseless’ allegations against CBI are ‘politically motivated’
Iran’s Foreign Ministry spokesman strongly dismissed the allegations made by a Bahraini court against Central Bank of Iran and a number of other Iranian banks, saying those claims have been politically motivated and lack legal value.
EU watchdog tells banks to have a 10-year climate plan
Banks in the European Union must have a 10-year plan spelling out how they will deal with environmental, social and governance (ESG) risks to their bottom line, the bloc's banking watchdog said on Wednesday.
Iran’s economy records 3.6% growth in year to March: Chief banker
Iran’s economy grew by 3.6% in the calendar year to March both with oil and without oil, a sign the country is out of a deep recession caused by American sanctions and the coronavirus pandemic.
Iran prevents banks from bouncing checks amid coronavirus closures
The Iranian government ordered banks to stop bouncing dishonored checks until May 10 amid ongoing restrictions on businesses because of the coronavirus pandemic.
HSBC looks to Asia after profits plunge 34%
HSBC, Britain’s biggest bank, has recorded a 34% drop in profit for 2020 as it prepares to double down on its operations in Hong Kong and China.
Tehran, Damascus to accelerate establishment of joint bank
The head of the Iran-Syria Joint Chamber of Commerce, Keyvan Kashefi, held a meeting with senior officials from the Syrian ministries of finance, economy and trade in Damascus, in which the two sides stressed accelerating the process for establishing an Iran-Syria joint bank.
Iran, Iraq explore ways for using Iran’s frozen assets
The Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati met with the Chairman of Trade Bank of Iraq (TBI) Salem Chalabi on Wednesday to discuss ways for using Iran’s frozen assets in Iraq.
Iranian NTBFs receive over $4.5b worth of facilities in nine months
The Iranian banking system paid over $4.5 billion in facilities to new technology-based firms (NTBFs) during the nine months to December 20, 2020.
Envoy calls for setting up a joint bank between Iran, Kazakhstan
The Kazakh ambassador to Iran called for setting up a joint bank between the Islamic Republic of Iran and Kazakhstan.
European allies pushed back when Trump sanctioned Iran’s banks: Report
Germany, France and Britain urged the administration of US President Donald Trump in late October to reconsider broad, new sanctions against Iran’s banks, arguing that the move would deter humanitarian trade and hurt the allies’ common interests, Reuters reported citing diplomatic correspondence.
Bank of England must not fear radical action
As Britain and the rest of Europe battle the second wave of the COVID-19 pandemic, desperate eyes turn to central bank bosses, wondering what rescue plans they have up their sleeves.
Iran criticizes World Bank politicized approach for years: Finance official
An Iranian deputy finance minister said an announcement last month by the World Bank about data collection irregularities used in compiling the annual Doing Business reports proved Iran was right in its criticism of the body and its rankings.

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