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…

Iran, German central bank presidents meet in Frankfurt

Iran’s Central Bank Chief Valiollah Seif discussed issues of mutual interest with President of the Deutsche Bank Jens Weidmann on Wednesday. The two officials discussed ways to enhance banking cooperation during their meeting in Frankfurt. Seif also had a meeting with presidents of AKA Bank and DZ Bank. He is…

CBI governor: Preparations made for opening 1,000 LCs

Governor of Central Bank of Iran (CBI) Valiollah Seif said on Tuesday that preparations have been made for opening up 1,000 Lines of Credit (LCs). Speaking to reporters on the sidelines of a gathering of non-governmental entrepreneurs, Seif said that the process of opening LCs began on Monday. Noting that…