Iran says credit line with Russia to boost trade
Iran says credit line with Russia to boost trade Iran’s Minister of Economy and Financial Affairs Masoud Karbasian. Iran says it expects a recent agreement with Russia over the creation of a credit line to fund Iranian projects to help promote trade between the two countries. Iran’s Minister of Economy…
Italy signs EU’s biggest ever credit deal with Iran
Iran and Italy have signed a major framework credit agreement worth €5 billion which Tehran says is the biggest ever such agreement signed with a European country. Iran and Italy have signed a major framework credit agreement which will be used to provide funds for development and industrial projects…
Iranian bank opens office in Europe
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,…
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…
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…
Day Bank in transactions with 100 foreign banks
Governor of Iran’s Day Bank Ali-Reza Atefifar said on Wednesday that his bank will expand banking relations with 100 foreign banks. Atefifar told IRNA, ‘Thanks to measures adopted and the banking activities, good openings have been observed internationally, including forex activities of banks. Since start of this year (March 20),…
Iran, Ukraine to promote banking cooperation
Following the implementation of the nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), Iran’s banking system has managed to promote ties with various countries including Ukraine, says a Central Bank of Iran official. In the post-sanctions era, Iran has opened brokerage accounts in India, China, South Korea,…
Germans are interested to set joint investment in Iran
A high ranking official with EFiS EDI Finance Service AG said German economic circles want speedy connection of Iranian Banks to SWIFT so that German companies can set joint investment with Iran. Armin Gerhardt told journals that companies like Volkswagen and Siemens are interested in Iranian Banks’ connection to Society…
Iran banks queue up to open branches in India
Indian bank executives say Iranian and Pakistani banks have lined up to open branches in India as bilateral trade was of interest for the banks, according to daily Business Standard. The officials say in the case of Iran, the lifting of sanctions has paved the way for direct relations. Three…
Nine Iranian banks to join SWIFT on Monday: CBI governor
Governor of the Central Bank of Iran Valiollah Seif said on Sunday that nine Iranian banks are to join the Society for Worldwide Interbank Financial Telecommunication (SWIFT) on Monday. As declared prior to the visit to Italy, SWIFT can start operation on Sunday, he said adding that ‘I would like…
