Iranian bank opens office in Europe

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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, and legal consulting services and also to create conditions for investment and to introduce investment opportunities to the European, especially Italian, investors.

According to Saman Bank’s Public Relations and Customer Care official Mansoor Momeni, using the positive atmosphere created after the nuclear deal, Saman Bank opened the Rome agency based on the previous experiences and with the purpose of facilitating Iranian industrialists and traders’ activities.

The Saman Bank’s Public Relations and Customer Care official said that, according to the contract signed between Italy Export Guarantee Funds (SACE) and the Iranian Saman Bank, an exclusive credit line was set up for Saman Bank.

During the fourth edition of Iran-Europe Banking and Business Forum in late April in Tehran, 2017, it was announced that some Iranian banks would shortly open agencies in Europe.

After the nuclear deal, AKA Joint Comprehensive Plan of Action (JCPOA), there have been a lot of openings in banking, such as expansion of banking relations with other countries, removing limitations on Iranian banks in other countries and temporary suspension of Iran from among the countries not cooperating with the Financial Action Task Force (FATF).

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