China signs deal to provide Iran with $10bn in loans

China’s CITIC Group has signed an agreement with five Iranian banks to provide a credit line of $10 billion for Iran’s infrastructure projects. China has signed an agreement with Iran to provide a credit line of $10 billion for its infrastructure projects – what is seen as the biggest economic…

Iranian bank opens office in Europe

In continuation of the banking openings after the nuclear deal between Iran and G5+1, Saman Bank opened its first branch in Rome, after the Central Banks of Iran and Italy had granted the necessary licenses. Saman bank opened its first agency in Rome in order to provide financing, investment, banking,…

Iranian-European banks to establish long-term ties soon

Long-term relations between Iranian and European banks are expected to develop especially in financing civil engineering and production projects, Governor of Central Bank of Iran (CBI) Valiollah Seif announced. Seif made the remarks in the Fourth Iran-Europe Banking and Business Forum which was held on Saturday at IRIB’s International Conference…

Iranian banks improving foreign relations in post-sanction era

Vice Governor of Bank Meli Iran for Foreign Exchange Affairs emphasized the fact that Iranian banks are reinforcing international ties in the post-sanctions era, adding that technical, trade and political obstacles still exist. Gholamreza Panahi told IRNA on Saturday that many Iranian banks have resumed brokerage ties with foreign banks…

Day Bank in transactions with 100 foreign banks

Governor of Iran’s Day Bank Ali-Reza Atefifar said on Wednesday that his bank will expand banking relations with 100 foreign banks. Atefifar told IRNA, ‘Thanks to measures adopted and the banking activities, good openings have been observed internationally, including forex activities of banks. Since start of this year (March 20),…

Iran, Ukraine to promote banking cooperation

Following the implementation of the nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), Iran’s banking system has managed to promote ties with various countries including Ukraine, says a Central Bank of Iran official. In the post-sanctions era, Iran has opened brokerage accounts in India, China, South Korea,…

Germans are interested to set joint investment in Iran

A high ranking official with EFiS EDI Finance Service AG said German economic circles want speedy connection of Iranian Banks to SWIFT so that German companies can set joint investment with Iran. Armin Gerhardt told journals that companies like Volkswagen and Siemens are interested in Iranian Banks’ connection to Society…

Iran banks queue up to open branches in India

Indian bank executives say Iranian and Pakistani banks have lined up to open branches in India as bilateral trade was of interest for the banks, according to daily Business Standard. The officials say in the case of Iran, the lifting of sanctions has paved the way for direct relations. Three…

Nine Iranian banks to join SWIFT on Monday: CBI governor

Governor of the Central Bank of Iran Valiollah Seif said on Sunday that nine Iranian banks are to join the Society for Worldwide Interbank Financial Telecommunication (SWIFT) on Monday. As declared prior to the visit to Italy, SWIFT can start operation on Sunday, he said adding that ‘I would like…

Iranian banks reconnect to SWIFT: CBI

The Central Bank of Iran (CBI) announced on Sunday that the Society for Worldwide Interbank Financial Telecommunication (SWIFT) has removed Iranian banks from its list of sanctioned financial institutions. ‘Iranian banks will be reconnected to SWIFT without discrimination and the main obstacle on the way of Iranian banks’ international links…