Azerbaijan to Open Bank  in Iran
Economy, Business And Markets

Azerbaijan to Open Bank in Iran

An Azerbaijani bank will open its branch in Iran, Economy Minister Shahin Mustafayev told a press conference on the outcome of an Azerbaijani delegation’s visit to Iran. The issue was discussed during the Iran visit, Mustafayev said in Baku on Sunday. “I cannot say what bank it will be but I want to note that work is underway to create a relevant legal base. In addition, the issue of raising the status of Baku branch of Bank Melli Iran is being considered,” Mustafayev was reported as saying by Trend News Agency. Iran’s Central Bank Governor Valiollah Seif had earlier said that it plans to create a new bank with 100% Iranian capital in Azerbaijan. Seif said Bank Melli Iran’s branch in Azerbaijan will turn into an independent Azerbaijani bank and all the shares of the new bank will be owned by Bank Melli Iran.

Short URL : https://goo.gl/vENFxz
  1. https://goo.gl/FxYX9L
  • https://goo.gl/CidyuR
  • https://goo.gl/qAp4pJ
  • https://goo.gl/NlP52Z
  • https://goo.gl/5nQTZb

You can also read ...

Effects of Sanctions on Food Consumption of the Poor
It is now clear that the purpose of US sanctions against Iran...
CBI Moves to Sideline USD
As part of the latest measure to ditch the US dollar from the...
New Online System to Monitor Warehouses Countrywide
All warehouses in Iran are required to register in the so-...
Surcharge on Forex Rate Difference “Illegal”
The retrospective application of Clause Five of the government...
Bank Loans Hit €18 Billion in 4 Months
Banks and credit institutions allocated a total of 1.67...
Gov’t to Build  2 New Towns
The Iranian government will commence the process of building...
Optimism Over Prospects of Iran Stocks Performance
The latest Consensus Earnings Report shows the price to...
Saqqez Airport to Be Ready  in 2 Years
The construction of Saqqez Airport, located 266 kilometers...

Add new comment

Read our comment policy before posting your viewpoints