Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Iran
IRNFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,178.00
Year-over-Year Change
31.48%
Date Range
1/1/2004 - 1/1/2018
Summary
The 'Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Iran' series measures the total number of commercial bank branches, excluding headquarters, operating in Iran. This metric provides insight into the geographical reach and accessibility of the Iranian banking system.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the branch network of commercial banks in Iran, excluding their central headquarters. The number of bank branches is an important indicator of financial inclusion and the ability of consumers and businesses to access banking services throughout the country.
Methodology
The data is collected and reported by the Central Bank of Iran.
Historical Context
Policymakers and analysts use this metric to evaluate the extent of banking penetration and the development of Iran's financial infrastructure.
Key Facts
- Iran had over 23,000 commercial bank branches in 2020.
- Branch numbers have grown by over 50% since 2010.
- The banking sector is dominated by state-owned institutions.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of commercial bank branches, excluding headquarters, operating in Iran. It provides insight into the geographical reach and accessibility of the Iranian banking system.
Q: Why is this trend relevant for users or analysts?
A: The number of bank branches is an important indicator of financial inclusion and the ability of consumers and businesses to access banking services throughout the country. Policymakers and analysts use this metric to evaluate the development of Iran's financial infrastructure.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Iran.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the extent of banking penetration and the development of Iran's financial infrastructure.
Q: Are there update delays or limitations?
A: The data is published by the Central Bank of Iran, so there may be some delays or limitations in availability compared to real-time banking activity.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Iran (IRNFCBODCNUM), retrieved from FRED.