Tag Archives | bank transfers

Iran, Turkey sign MoU on Banking Coop

By John Lee. Iran and Turkey set up a joint committee on banking to help achieve trade of $30 billion by the end of 2017. The Central Bank of Iran (CBI) said the first meeting of the committee was held on Wednesday in Tehran. The two delegations discussed ways to remove obstacles to improved banking […]

UK Banks rebuff Govt push to Boost Iran Trade

By John Lee. According to a report from Reuters, the Royal Bank of Scotland (RBS) has rebuffed efforts by the British government, a major shareholder, to coax the lender into facilitating trade with Iran. Following the lifting of sanctions, and in anticipation of the UK leaving the European Union (EU), British officials have sought to […]

Danske Bank “in Talks” with CBI

By John Lee. Denmark’s Danske Bank has confirmed that it is in talks with the Central Bank of Iran (CBI) regarding arranging credit to clients with business activities in the country, but that no deal has yet been reached. A spokesperson for the bank also told Reuters that it is already supporting clients in Iran […]

UK Working to Expand Trade Ties with Tehran

British Trade Secretary Liam Fox said London is seeking to address concerns of its banking sector about ties with Iran in an attempt to boost business ties with the Islamic Republic following the removal of anti-Tehran sanctions. “Slowly but with increasing enthusiasm, British companies are starting to do business with Iran again … We are […]

IMF to strengthen Banking Ties with Iran

By John Lee. The President of the International Monetary Fund (IMF), Christine Lagarde, has reportedly promised to launch consultations with US authorities to remove barriers on cooperation between international and Iranian banks. Meeting with Iran’s Economy Minister Ali Tayebnia on the sidelines of the annual World Bank summit in Washington, she pointed to the persistence […]

Resolution of Banking Problems “Key to Expansion”

The chairman of the Iran-Germany Joint Chamber of Commerce highlighted the banking problems hampering the Islamic Republic’s foreign trade, saying that their resolution is key to expansion of relations between the two countries. “With the removal of banking problems, Iranian and German companies can have useful talks with each other and develop their ties,” Gholam […]

US to Address Iran Banking Concerns

Iranian Foreign Minister Mohammad Javad Zarif said Washington has pledged to allay the concerns of European banks about trading with Iran following the removal of anti-Tehran sanctions. US Secretary of State John Kerry has given assurances that Washington will not punish the European banks engaged with Iran’s financial entities, Zarif told Japan’s Kyodo news agency […]

Iran, Netherlands Discuss Facilitation of Trade, Banking Ties

Iran’s ambassador to the Netherlands and president of the European country’s central bank in a meeting in The Hague explored avenues to facilitate trade and financial transactions between the two counties. The Iranian diplomat, Alireza Jahangiri, and President of De Nederlandsche Bank (DNB) Klaas Knot in the meeting discussed ways to boost banking interactions between […]

Iran to discuss Banking Obstacles at UN

Iran’s Deputy Minister of Roads and Urban Development Asghar Fakhrieh Kashan said issues related to removal of banking obstacles to the revival of trade in the country under the JCPOA will be discussed on the sidelines of United Nations meetings in New York this week. “We are negotiating and I hope that during the trip […]

Govt. Spokesman: No Oil Co. Subject to Banking Sanctions

Government spokesman Mohammad-Baqer Nobakht says no oil contractor and company in Iran is subject to sanctions by Iranian banks presently. Addressing a press conference, Nobakht said Iran does not recognize unjust sanctions. Nobakht said government of Iran does not recognize any of the sanctions issued by the ill-wishers against Iranian nation. “If a real or […]