Ali Divandari
Ali Divandari

Iran-EU Forum Goals Outlined

Iran-EU Forum Goals Outlined

The Fourth Iran-Europe Banking and Business Forum is to focus on investment opportunities in Iran and banking system improvements in the post-sanctions era, the head of Iran's Monetary and Banking Research Institute said.
"First will be Iran's banking and financial improvements after the implementation of the Joint Comprehensive Plan of Action [the formal name of Iran's nuclear deal with world powers] a year ago and the second concerns investment opportunities in Iran," Ali Divandari also said in his press conference to publicize the event on Sunday.
He pointed to the useful outcome of three previous forums and said Iran has been conforming to global standards in terms of banking system supervision in order to reconnect with foreign banks.
"Expanding correspondent relations is on our to-do list, which is expected to pick up pace since [Iranian]  banks are establishing new branches in foreign countries and old branches resume their overseas operations, some of which will take place in the coming months," he added.
The official noted that specialized panels on bank, insurance and foreign exchange market are being planned, in which representatives from Belgium, England, France, Italy, Netherlands and Switzerland will participate.
"Other panels will assess supervision on banks and policymaking, resumption of the activities of Iranian banks' foreign branches, non-performing loans, distressed assets and financial transparency," he said.
"TARGET 2, which is an important interbank payment system throughout the European Union, and the implementation of IFRS are necessary for linking up with the global banking system and will also be on the agenda."
The official noted that boosting foreign investments in Iran will also be a major topic of the forum since a number of companies in attendance are global players in the field of financing, thus introducing investment opportunities in housing, roads, urban development and energy sector is in the offing.
Divandari said foreign banks and credit lenders play a significant role in facilitating foreign investments to Iran and in financing oil, gas and petrochemical projects, which will also be discussed in the forum.   
Tehran is to host the Iran-Europe Banking and Business Forum, organized by the Monetary and Banking Research Institute with representatives from 35 European banks, companies and financial institutes, on April 29-30.
Iranian Foreign Minister Mohammad Javad Zarif and Governor of the Central Bank of Iran Valiollah Seif have been invited as special guests. The forum is organized biannually in Frankfurt and Tehran.

Short URL : https://goo.gl/IUrh03
  1. https://goo.gl/fJBFkP
  • https://goo.gl/qYSWRI
  • https://goo.gl/CRMBbs
  • https://goo.gl/4u0Vz5
  • https://goo.gl/EJIdtX

You can also read ...

INTA Defends Monitoring of Bank Transactions
Head of the Iranian National Tax Administration Kamel Taqavi-...
Iran-Iraq Bank Can Help Boost Trade
The head of Iran-Iraq Chamber of Commerce believes that the...
Banks’ Fiscal H1 Loan Portfolio at $68b
The Iranian banking system paid out 2.7 quadrillion rials ($67...
Loan Rate Cut on MCC Agenda
Declaring that banks have now reduced the interest on their...
Banana Imports Top $260m
Around 347,000 tons of fresh green or dried bananas worth $267...
About 586 million shares valued at $46.23 million changed hands at TSE on Oct. 22.
Tehran Stock Exchange’s main index gained 49.70 points or 0.06...
TCI to Unveil eWallet
The local fixed-line operator Telecommunications Company of...
Economy Minister Masoud Karbasian addresses the first conference on managing public sector debts in Tehran.
Facing the prospect of a shortage of assets and a gaping...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.