The Central Bank of Iran has agreed to significantly ease capital conditions based on which foreign banks will be able to establish a branch in the country's free trade zones, the secretary-general of the High Council of FTZs said.
June 02, 2018 19:21
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Iran's CB Eases Foreign Banks’ Presence in FTZs
According to the head of the High Council of FTZs, the Central Bank of Iran is willing to ease the current €150 million minimum capital requirement for the establishment of foreign bank branches in FTZs and negotiate the amount
If a foreign bank is established in one of the FTZs, it can spur growth by attracting foreign exchange deposits
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