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 expected to discuss banking issues with the representatives of German-based Iranian companies during his trip to Germany.

Following the implementation of the nuclear deal between Iran and world powers, also known as the Joint Comprehensive Plan of Action, and the removal of western-imposed sanctions, the European countries started considering returning to Iran’s lucrative market.

German companies were among the first foreign that started negotiations to invest in Iran.

The trip by Iran’s CBI chief comes at a time that there are still financial and banking hurdles on the way of the Islamic Republic to resume full-fledged ties with the western countries.