SAIPA, Bank Sepah Sign Deal to Help Ease Financial Transactions

SAIPA Automotive Group and Bank Sepah have agreed to forge cooperation between their respective affiliates, SAIPA Yadak and Omid Investment Management Group.
In a joint meeting of the directors of SAIPA and Bank Sepah, the two sides discussed assistance related to easing foreign exchange transactions and financing.
“Since Bank Sepah has investment companies and foreign currency accounts in Russia, Belarus and Venezuela, SAIPA can take advantage of the wide potential and ability of the bank and use its capabilities in the field of foreign exchange to export cars,” SAIPA’s CEO Mohammad Ali Teymouri was quoted as saying by the Persian automotive daily Donyaye Khodro.