88166
People walk by the Paris branch of Bank Saderat Iran.
People walk by the Paris branch of Bank Saderat Iran.
Monday, June 18, 2018

Bank Saderat Linked to Eurozone’s TARGET2

Iran’s Bank Saderat has been linked with the payment settlement system of eurozone and even successfully conducted several transactions
Bank Saderat’s CEO was quick to point out that his bank has yet to be connected to SWIFT, and referred to the issue as “the most important problem facing our branches outside the country”
Monday, June 18, 2018

Bank Saderat Linked to Eurozone’s TARGET2

Bank Saderat Iran, which boasts the most expansive overseas presence among the more than 30 Iranian banks and credit institutions, has recently been connected to TARGET2, its chief executive announced.
"Bank Saderat has connected to TARGET2 and conducted several successful deals and transactions of money using this system," Hojjatollah Seyyedi also told IBENA on Sunday.
He did not elaborate whether just one or all offshore branches of his bank have been granted access to the network. 

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/CsrAKd
06/18/2018
  1. https://goo.gl/rYLvY2
  • https://goo.gl/utp5Hj
  • https://goo.gl/wZMRX2
  • https://goo.gl/39jMLe
  • https://goo.gl/6gEBSE

You can also read ...

Guidance Forum for Startups
The local accelerator Novintech is set to hold a Q&A...
Fresh Forex, Gold Coin Rally in Tehran Market
After a period of calm, the US dollar is once again surging in...
SpaceX founder Elon Musk says block 5 boosters should be able to fly 50 to 60 times with minimal refurbishment between flights.
Lighting up the deep overnight sky, a SpaceX Falcon 9 rocket...
Iran, Iraqi Kurdistan to Set Up  Industrial Town Along Border
The construction of an industrial city will soon start near...
Isfahan Airport to Increase Plane Parking Capacity
Isfahan International Airport’s parking project has started...
Iran-Europe Business Center Hosts Talks in Berlin to Foster Tech Ties
A meeting has been held between Iranian and European startups...
Seafood Exports Earn $50m in 2 Months
About 16,000 tons of seafood worth close to $50 million were...
Photo: Alireza Izadi
Iran’s flag carrier airline, Iran Air, has no plan to renovate...

Add new comment

Trending

Googleplus