Bank Muscat to Open Branch in Tehran

The Central Bank of Oman (CBO) has approved the request from Bank Muscat, Oman’s largest lender by market value, to open a representative office in Iran, a report said.

The approval makes Bank Muscat one of the first foreign financial firms to establish a presence in Iran following the recent implementation of the Joint Comprehensive Plan of Action (JCPOA) between Tehran and six world powers, the Jordanian news website al-Bawaba reported on Monday.

Bank Muscat did not give any information about when the bank will officially start its activity in the Islamic Republic.

(Source: Tasnim, under Creative Commons licence)

No comments yet.

Leave a Reply