Offshore Bank Planned in Kish Island Free Zone

The secretary of Iran's High Council of Free Trade Zones said  the Central Bank of Iran has okayed opening of an offshore bank in Kish Island Free Trade Zone.
"We have got permission from the central bank for launching Iran's first offshore bank on the island. The CBI has asked us to submit the list of shareholders of the bank," Saeid Mohammad was quoted as saying in an interview with ILNA. 
A consortium of shareholders has been formed for the bank, but names will not be published due to the US economic sanctions and other restrictions, Mohammad said.