Foreign Banks in Iran

Oberbank, one of Austria's biggest banks, has allocated a €1 billion ($1.2 billion) line of credit to finance investment projects in Iran, Austria's finance minister announced…

Since three years ago, the Central Bank of Iran has endeavored to simplify the process of establishing foreign banks in free trade zones in line with economic policies, the secretary-general of…

Officials from the Industrial and Commercial Bank of China, the world’s largest bank by total assets and market capitalization, has held talks with the Central Bank of Iran in recent weeks to…

The recent €50 million cut in the minimum capital requirement to set up a bank in the free trade zones has prompted foreign investors to accept conditions set by the Central Bank of Iran and…

The chief executive of one of the oldest and most powerful Chinese banks has expressed willingness to enter Iran and open a representative office.

Chen Siqing, CEO of Bank of China, made…

Raiffeisenbank International (RBI) of Austria will soon open a branch in Iran, announced the country’s ambassador to Tehran. The Austrian ambassador Friedrich Stift said an Iranian delegate was to…

Out of consideration for US laws, German banks hold back on the financing of lucrative trade with Iran despite the federal government’s push to expand trade with the Islamic Republic, a German…

Gazprombank is starting activity in Iran along with other Russian banks, Akbar Komijani, deputy governor of the Central Bank of Iran said according to Bloomberg.

Komijani said he had held…

The first South Korean bank inaugurated its representative office in Tehran at a ceremony held at the Central Bank of Iran on Monday.  

Bank Austria has signed a cooperation agreement with an Iranian bank while launching its business with the Islamic Republic , said Naser Riahi, a member of Tehran Chamber of Commerce, Industry and…

A branch of the Russian Tempbank will open in Qeshm Island to help facilitate bilateral commercial and economic ties between Iran and Russia, the CEO of Tempbank announced.

Bank Muscat, the sultanate’s biggest financial institution, plans to open a branch in Tehran, said a senior official of Central Bank of Iran on Wednesday.

A Chinese bank and insurance firm will start operation in Qeshm Free Trade Zone, Hamidreza Momeni, managing director of Qeshm Free Trade Zone said on Sunday.

Industrial and Commercial Bank of China Ltd., a Chinese multinational banking company, plans to establish branches in Iran, an official with Central Bank of Iran (CBI) said.

Banks in the Persian Gulf Arab states, including Dubai’s largest lender Emirates NBD, are already meeting prospective clients and taking legal advice about entering Iran’s financial system now…

Finally Iran's financial industry is opening up to foreigners, as Iran moves to increase competition in the sector. The government is preparing a bill to allow foreign ownership of banks in Iran,…