72280
Germany’s Deutsche Bank Headquarters
Germany’s Deutsche Bank Headquarters

Major European Banks Getting Cozier With Iranian Peers

Major European Banks Getting Cozier With Iranian Peers

The multibillion dollar South Korean deal to finance Iranian projects and the recent agreement between major Iranian private banks and their South Korean counterparts to boost correspondent ties have prodded top international lenders to strengthen their ties with Iranian banks.
According to the Export Development Bank of Iran’s chief executive, the situation has changed a lot compared with a few years ago as the level of cooperation with major foreign banks has significantly improved.
“After Iran’s nuclear deal, only small- and medium-sized foreign banks forged correspondent banking relations with Iran but after a few years, major international lenders  started working with Iranian banks,” Ali Salehabadi also told the state radio.
He mentioned Germany’s Deutsche Bank  as an example of  a big lender that had no ties with Iran in the past, but currently accepts Iranian payment orders and processes  their requests.
Deutsche Bank is one of Germany’s leading banks, with a strong position in Europe and a significant presence in the Americas and Asia Pacific. The bank provides banking services to corporations, governments, institutional investors, small- and medium-sized enterprises, and private individuals.
EDBI’s top official named Belgium’s KBC bank as another major European bank that has good ties with Iranian banks.
“Austria’s Oberbank, which already has good ties with Iran, is going to sign a new banking deal with our country in the foreseeable future wherein EDBI will also be a part of the contract to receive a credit line,” he said.
According to the EDBI chief, the bank has correspondent relations with 124 banks across the world.
Salehabadi also announced that Bank Mellat’s Seoul branch has resumed activities in South Korea.
The bank was closed for years due to nuclear sanctions but following the negotiations of the Central Bank of Iran and Foreign Ministry with South Korean officials, the bank once again is open and ready to offer various types of services to business people and merchants.

Short URL : https://goo.gl/pU31n3
  1. https://goo.gl/nMiiA5
  • https://goo.gl/sZZppQ
  • https://goo.gl/9Vs8PG
  • https://goo.gl/oqPYpB
  • https://goo.gl/YbCWyw

You can also read ...

Big Benefits of a German ‘Iran Bank’
Since US President Donald Trump pulled out of the nuclear...
Audi Names New Leader After CEO Arrested
Audi has tapped its top sales executive to lead the company...
Islamic Bonds Worth $25m Issued for  Locomotive Manufacturing
Some 1.05 trillion rials ($25 million) worth of Islamic bonds...
Structural Reforms in Banks  to Help Ensure Fiscal Stability
The second and final day of the Conference on Monetary and...
Hyundai Elantra
After local media reported that the South Korean carmaker...
Kerman to Host 2 Int’l Mining Expos Next Week
The Sixth International Exhibition of Mining, Mineral...
Two-Month Auto Parts Import Bill: $468m
Iran’s auto parts import bill for the first two months of the...
Easy-Open Can Lid Imports  at $22 Million
Close to 3,610 tons of aluminum easy-open can lids worth $22...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus