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5 Credible Russian Banks for Iranians
Economy, Business And Markets

5 Credible Russian Banks for Iranians

Iran’s commercial attache in Russia has listed the names of five Russian banks that can be trusted by Iranian businesspeople. "Apart from Mir Business Bank, which is owned by Bank Melli Iran, traders can also confidently work with VTB Bank, Gazprombank, Rosselkhozbank and Sberbank for advancing their transactions with Russia," Farhad Parand was quoted as saying by ISNA on Wednesday. He also urged businesspeople to ascertain the creditability of other Russian lenders, before opening accounts or getting services from them. Parand said the Central Bank of Russia has revoked the licenses of 350 banks since 2012, adding that 300 more licenses are expected to be revoked by 2020. Currently, 550 banks in the country are licensed to offer services.

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