Bank Melli CEO Says Signed MoU With Russia’s Sberbank

The CEO of Bank Melli Iran, the biggest state-owned lender, said it has signed a deal with Russia’s government-controlled Sberbank.
“I was in Moscow at the invitation of the CEI of Sberbank as the biggest bank of Russia. We signed a memorandum of understanding and contracts,” Mohammad Reza Farzin said in a note, without providing details, IRNA reported.  
Farzin said he participated in the opening of a trade center that will facilitate commerce between Iranian and Russian fisrms.