15324
Bank Receiving Visits From Europeans
Economy, Business And Markets

Bank Receiving Visits From Europeans

The head of Middle East Bank, Iran’s privately-owned bank, said European investment funds are regularly visiting his Tehran offices to express interest in investing in the country once sanctions are lifted.
The bank has received groups of investors on a weekly basis since negotiators announced a framework to a final nuclear deal in Switzerland on April 2, Parviz Aghili, the bank’s managing director, said in an interview with Bloomberg in Tehran, without giving details on which institutions have visited.
Diplomats have until June 30 to finalize an agreement which would limit Iran’s nuclear energy program and in return lift sanctions on the country’s economy. The Islamic Republic expects such an accord will spur foreign investment and reconnect it to international markets.
Aghili said private equity funds and small investors would most probably be first to make substantial investments in Iran, rather than “first-rate international” banks.
Middle East Bank, which was formed two and a half years ago, made a net profit of approximately $30 million in the last Iranian year (March 2014 to March 2015) representing a 10 percent increase in earnings compared to the previous year, Aghili said.

Short URL : http://goo.gl/ktY8zE

You can also read ...

iPhone 8 Arrives in Tehran
Apple’s new handsets iPhone 8 and 8 Plus arrived in Tehran on...
 President Hassan Rouhani (L) meets Russian President Vladimir Putin at 2015 BRICS summit in Russia.
The member states of BRICS, the association of five major...
Montreal Hosts Iran-Canada Business Confab
The first conference between Iranian and Canadian businessmen...
BPI to Fund French Projects in Iran
Bpifrance, the country’s state investment bank, will finance...
4,200 State Accounts Moved to Central Bank of Iran
Some 4,200 state-owned companies’ bank accounts have been...
Steel Exporters Welcome Rial Depreciation
It’s a fairly straightforward scenario. Weakening a domestic...
Iran to Join Postal SWIFT in December
Iran will be connected to the financial services system of the...
HRC accounted for the lion’s share of finished steel usage in Iran during the five-month period.
Iran’s semi-finished steel exports during the first five...

Trending

Googleplus