German Group, Saman Sign MoU

Saman Bank and DF Deutsche Forfait Group signed an MoU to cooperate in trade financing. The collaboration primarily covers the supply of financing solutions for the exchange of goods between German and international exporters and their Iranian trading partners. The two companies will also offer consulting services to clients wanting to establish trade relationss with Iranian business partners, according to a press release published Friday on DFAG’s website. The MoU was signed on the sidelines of Euro Finance Week in Frankfurt earlier this month. Saman is one of the leading private banks in Iran. Back in May, Capital Intelligence Ratings affirmed Saman’s long- and short-term foreign currency ratings (FCR) of ‘B’. DF Deutsche Forfait AG is a Trade Finance Company specializing in forfeiting the non recourse sale and purchase of foreign trade receivables.