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…
Three foreigner banks opening office in Iran
The Central Bank of Iran building is pictured in Tehran, Jan. 23, 2006. (Photo by Reuters) Three foreign banks are in the process of opening branches in Iran, the country’s vice central bank governor says. This is good news for Iran which is still facing a drought of outside investment…
120 foreign banks reestablishing brokerage ties with Iran
Export Development Bank of Iran says, following the implementation of the JCPOA, it has reestablished brokerage relationships with 120 foreign banks. Prior to the imposition of western-imposed sanctions, Export Development Bank of Iran used to maintain brokerage relationships with around 400 foreign banks across the world. During sanctions, however, these…
Iran’s SWIFT problems settled: Senior banking official
A senior banking official said in this holy city in central Iran that SWIFT problems have been settled between the Iranian and foreign banks, it was announced on Wednesday. Chairman of the Coordination Council of state-owned banks Abdolnaser Hemmati made the remarks in a press conference after his meeting with…
Iran has established relations with new European banks
After announcement of ‘Implementation Day’ of the nuclear deal in January, Iran has established banking relations with new European banks in Italy and Austria, a senior banking official said here Monday. Hossein Yaqoubi, international affairs’ director at Central Bank of Iran (CBI), told reporters that the Iranian banks are not…
Iran’s accounts in foreign banks to reopen on Monday
Deputy governor of the Central Bank of Iran said that Iran’s blocked accounts in foreign banks will be reopened as of Monday, paving the path for transferring country’s monetary assets to Iran. Gholamali Kamyab who was speaking in a press conference said in response to IRNA reporter’s question on the…
World’s biggest bank requests to set up branches in Iran
A top banking official in Tehran said on Thursday that the Industrial and Commercial Bank of China (ICBC) – the world’s largest bank by total assets – has request to open branches in Iran. Hossein Yaqoubi Miab, the director for the international affairs of the Central Bank of Iran (CBI),…
Regional banks explore Iran entry
Banks in the Persian Gulf Arab states, including Dubai’s largest lender Emirates NBD, are already meeting prospective clients and taking legal advice about entering Iran’s financial system now that many international sanctions have been lifted. Regional banks are likely to lead the way on business deals. Banks from the UAE,…
20 foreign banks say ready to work with Iran
Iran’s media said on Thursday that at least 20 foreign banks have announced readiness to cooperate with the country over international transaction issues as soon as the sanctions against Tehran are lifted. Mansour Tafazzoli, the director for international affairs of Parsian Bank has been quoted by ISNA news agency as…
