Luxemburg to Expand Banking Ties

Luxemburg banks are welcome to establish branches in Iran, as it would help two-way commercial relations, said Valiollah Seif, Central Bank of Iran governor, during a meeting with Etienne Schneider, deputy prime minister of Luxembourg on Monday. Seif expressed Iranian banks’ interest for launching branches in the European nation and called for sharing experience in Islamic banking and use of financial tools, CBI’s website reported. He invited a delegation of Luxembourg bankers to visit Iran for further talks. Schneider pointed to the lifting of sanctions against Iran, and said that his country is ready to start long-term cooperation with Iran and organize training courses for bankers. He invited Seif to visit his country.