Tag Archives | Bank Sepah

Austria Signs Major Finance Deal with Iran

Austria’s Oberbank has signed a credit deal with Tehran to boost exports to Iran, the first European lender to do so since anti-Tehran sanctions were lifted following the 2015 nuclear deal between the Islamic Republic and world powers. Oberbank said the framework agreement will finance Austrian investment projects in Iran’s infrastructure, healthcare and plant construction […]

Iran Signs €500m Deal with Danske Bank

By John Lee. Danske Bank has signed a €500-million finance deal with a group of Iranian banks. Under the agreement, the Danish bank will allocate resources to finance construction and production projects of the private and public sector in Iran. The Iranian banks involved include: Bank Mellat, Bank Pasargad, Bank Sepah, Parsian Bank, Saman Bank, […]

Bank Sepah Expanding Ties with Iraq

By John Lee. The CEO of Iran’s Bank Sepah, Mohammad Kazem Choghazardi, has said that since the lifting of sanctions his bank has been active in Iraq. During a meeting with the Iraqi Ambassador to Iran, Rajeh al-Mousavi, this week, he said: “Omid Investment Group, whose main shareholder is Bank Sepah, has invested in some […]

CBI Boss to Chair Islamic Financial Services Board

By John Lee. The Council of the Islamic Financial Services Board (IFSB) has appointed Dr. Valiollah Seif, Governor of Central Bank of Iran (CBI), as its Chairman for 2017. Dr. Seif is a veteran of banking and finance, and is one of the most distinguished figures in the Iranian banking system. He has a PhD in […]

UK Removes Iranian Bank from Sanctions List

Bank Saderat Iran (BSI) has been removed from Britain’s list of sanctioned entities, a report said. The UK Treasury made an announcement on Monday, saying that it has lifted its sanctions on the Iranian bank, which had been blacklisted as a result of sanctions against Iran. The decision to delist the bank, it said, was […]

Top Iranian Banks dragged into Political Row

By John Lee. Bloomberg reports that several of Iran’s biggest banks have been dragged into a fight between the government and its hardline opponents, as disputes over last year’s nuclear deal roil domestic politics months ahead of presidential elections. The nation’s leading conservative newspaper published photos of letters purportedly sent by two lenders, Bank Mellat […]

Two Iranian Banks Reconnect to SWIFT

The Ministry of Foreign Affairs says that Bank Melli Iran was officially reconnected to the SWIFT bank transfer system on Monday. Meanwhile, Bank Sepah announced on Tuesday that it too has been reconnected to SWIFT. Bank Sepah Governor, Mohammad-Kazem Chogazardi, is quoted by PressTV as saying: “After the reconnection of the bank to the global […]