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…
First Europe bank to open Iran office
Austria’s Raiffeisen Bank International (RBI) says it wants to open a branch in Tehran “as quickly as possible,” becoming the first foreign lender to set up shop in Iran after the lifting of sanctions. RBI is in “intensive talks” with Iranian banks as Tehran is rejoining the international banking system,…
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,…
