87608
CBI Eases Foreign Banks’ Presence in FTZs
CBI Eases Foreign Banks’ Presence in FTZs
Sunday, June 03, 2018

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
Sunday, June 03, 2018

Iran's CB Eases Foreign Banks’ Presence in FTZs

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.
 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/K2cNpX
06/03/2018
  1. https://goo.gl/psjGbA
  • https://goo.gl/yXad5h
  • https://goo.gl/2Whgiv
  • https://goo.gl/o8Ku9n
  • https://goo.gl/XKCma6

You can also read ...

Big Benefits of a German ‘Iran Bank’
Since US President Donald Trump pulled out of the nuclear...
Islamic Bonds Worth $25m Issued for  Locomotive Manufacturing
Some 1.05 trillion rials ($25 million) worth of Islamic bonds...
Audi Names New Leader After CEO Arrested
Audi has tapped its top sales executive to lead the company...
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...
Two-Month Auto Parts Import Bill: $468m
Iran’s auto parts import bill for the first two months of the...
Kerman to Host 2 Int’l Mining Expos Next Week
The Sixth International Exhibition of Mining, Mineral...
IRIR Unveils Suburban Rail Expansion Plans
The Islamic Republic of Iran Railways plans to expand suburban...

Add new comment

Trending

Googleplus