72825
Iran, Austria Banks Finalize €1 Billion Finance Deal
Iran, Austria Banks Finalize €1 Billion Finance Deal

Iran, Austria Banks Finalize €1 Billion Finance Deal

Iran, Austria Banks Finalize €1 Billion Finance Deal

Austria's Oberbank signed a finance deal worth €1 billion with 14 Iranian banks Thursday in Vienna.

The Austrian finance is set to be used for development of civil and production projects in Iran,Central Bank of Iran's website reported.

Karafarin Bank, Saman Bank, Bank Refah, Bank Mellat, Tejarat Bank, Bank Melli Iran, Bank of Industry and Mine, Bank Sepah, Middle East Bank, Export Development Bank of Iran, EN Bank, Bank Keshavarzi, and Parsian Bank will act as the agent banks providing public and private sector with financial support.

The contract was signed during Iranian delegation's visit to Austria headed by Ahmad Araqchi, CBI's deputy for foreign exchange affairs and Mohammad Khazaei, deputy minister of economy. 

Oberbank is Austria’s seventh-biggest lender, with a balance sheet of roughly €20 billion ($24 billion).

Developing...

Short URL : https://goo.gl/UXiZhZ
  1. https://goo.gl/WoSxBB
  • https://goo.gl/1pF8Re
  • https://goo.gl/wKLH63
  • https://goo.gl/Sqg1Uj
  • https://goo.gl/4NTebZ

You can also read ...

Currency, Gold at New High in Tehran Market
The foreign exchange market heated up again on Monday to post...
Iranian Ministry of Industries, Mining and Trade has released...
Gov’t to Issue Bonds to Pay Back Loans on Iran Air ATR Planes
The government’s Economic Council last week approved a...
Iran: Summer Sees Highest Inflation on Record
The consumer price index increased from 116.2 to 134.6 or...
Iranian Private Carmaker Increases Prices 55%
Iran’s largest private automaker Modiran Vehicle Manufacturing...
Tehran Stocks Rally, Incline Toward Export Sector
Tehran Stock Exchange set a fresh record high on Monday as...
Iran Steel Exports Rise  27% to Over 4m Tons: ISPA (Mar-Aug, 2018)
A total of 4.13 million tons of finished and semi-finished...
Iranian Banks Lend $16.8 Billion in 5 Months
Banks and credit institutions allocated 2.4 quadrillion rials...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus