Economy, Business And Markets

Norway's Largest Bank to Collaborate With Iran

Norway's Largest Bank to Collaborate With IranNorway's Largest Bank to Collaborate With Iran

DNB ASA, Norway's largest bank, is set to start cooperating with Iran, said Norway's Foreign Minister Borge Brende, in a meeting with Ali Tayyebnia, the economy minister, on the sidelines of IMF annual meeting in Washington.

He added that the Norwegian government will encourage banks and financial institutions to start working with Iran, the ministry ofeconomy news service reported on Sunday.

He also added that Norway has opened a one- billion-dollar credit line for trade with Iran, $400 million of which has been used for exporting high- tech products. The credit line was granted to lran, earlier in August during Brende's visitto Tehran. Tayyebnia also called for measures to help ease two-way trade.

Add new comment

Read our comment policy before posting your viewpoints