Raiffeisenbank to Open Tehran Branch
Economy, Business And Markets

Raiffeisenbank to Open Tehran Branch

Raiffeisenbank International (RBI) of Austria will soon open a branch in Iran, announced the country’s ambassador to Tehran. The Austrian ambassador Friedrich Stift said an Iranian delegate was to travel to Austria to complete a training course for this purpose which was canceled, “but the RBI is intent on going ahead with it”, Tasnim News Agency reported on Saturday. It was announced in early February that the bank will relaunch operations in Iran within months, depending on how fast sanctions fade and Iran is reconnected to the international inter-bank system SWIFT. Mojtaba Khosrotaj, a deputy economy minister and the head of Trade Promotion Organization, also said the presence of international banks such as the RBI in Iran is “indispensable when it comes to insurance coverage and establishing a credit line”.


Short URL : https://goo.gl/gd1SnD
  1. https://goo.gl/fu1GBY
  • https://goo.gl/C29cvr
  • https://goo.gl/cz2GNh
  • https://goo.gl/9UPmy0
  • https://goo.gl/0MM1Nk

You can also read ...

German firms, especially those without business links to the US, want to continue their Iran business.
While Germany’s big banks are studiously avoiding Iran-related...
IMF Pledges Continued Work With Central Bank of Iran
More than a week after US Treasury Department blacklisted...
New Rules Allow  Direct Forex Sale
Businesspeople that have validated their purchase orders are...
Iran is the world’s biggest saffron producer and accounts for more than 90% of the global production.
Iran Mercantile Exchange launched saffron futures trading for...
Banking Amendments Approved
The Money and Credit Council approved the Central Bank of Iran...
Iran Khodro Expanding Presence in Iraqi Market
Iran’s largest carmaker, Iran Khodro, is set to export 6,000...
Uber Plans Taxi-Hailing  in Japan
Uber Technologies plans to launch its first taxi-hailing pilot...
Tesla Admits Model 3 Braking Issue, Promises Fix
Tesla Inc’s Chief Executive Officer Elon Musk admitted on...

Add new comment

Read our comment policy before posting your viewpoints