Bpifrance, EDBI Discuss Ties

Officials from the Bpifrance and Export Development Bank of Iran discussed expansion of ties Sunday in Tehran. According to EDBI’s website, financing small and medium-sized businesses and knowledge-based companies was the main focus of the talks. Ali Saleh Abadi, the EDBI chief executive, expressed his bank’s interest in cooperating with major European banks, especially French banks noting that Iranians are interested in using French products. Bpifrance is a public investment bank that specializes in financing SMEs and innovative technologies. EBDI, a state-owned bank specialized in financing trade, has reportedly managed to reestablish correspondent relations with 90 banks in 65 countries after the lifting of international sanctions in January.