Banque Delubac Ready to Service Iranian Businesses

Executives with Banque Delubac and Cie, an independent French lender, on Sunday met with representatives of Tehran Chamber of Commerce, Industries, Mines and Agriculture to discuss ways of improving ties.
TCCIM, a leading private sector entity, was represented among others by Bahman Eshqi, its secretary-general who invited the French bank to prepare the ground for expanding bilateral ties mainly through opening bank accounts for real and legal persons who boast membership at TCCIM.
“Considering the monetary and banking agreements reached between the governments of Iran and France in terms of establishing credit lines, another area of cooperation between Delubac and TCCIM can be employing credit lines for TCCIM member businesses and real persons,” he was quoted as saying by the official news portal of the chamber.
In late September, it was announced that Bpifrance, the country’s state investment bank, will finance projects of French companies in Iran from 2018, granting up to €500 million in annual credits.
“Excluding a force majeure case, we will be on their side in early 2018,” CEO Nicolas Dufourcq had said at the time.