Tag Archives | Europaeisch-Iranische Handelsbank AG (EIH)

Iran Drops bid to transfer Millions out of Germany

By John Lee. Iran has reportedly dropped its request to transfer 300 million euros ($347 million) in cash out of Germany. The cash is understood to be held in accounts at the Iranian-owned trade bank Europäisch-Iranische Handelsbank (EIH). According to AP, the US had been pressuring German authorities to reject the request due to concerns about […]

Germany Probes Iranian request to Withdraw €300m Cash

By John Lee. Authorities in Germany have reportedly launched an investigation into a request from Tehran to withdraw €300 million from a German-based bank and fly the cash back to Iran. The request comes as the Islamic republic prepares itself for tough US sanctions. The cash is held in accounts at the Iranian-owned trade bank Europäisch-Iranische […]

Indian Bank to Stop Handling Iran Oil Payments

India’s oil imports from Iran will be affected from the end of August as the State Bank of India (SBI) has informed refiners it will not handle payments for crude from the Islamic Republic from November, the finance head of Indian Oil Corp said on Friday. “(Oil) loading will be affected from end-August under the […]

German Bank initiates Business with 20 Iranian Banks

The Director of Germany’s Europaeisch-Iranische Handelsbank AG (EIH) has announced that the bank has initiated business with 20 Iranian banks and financial institutes. and the prospect for improving EU trade relations is positive. Thomas Junge told IRNA: “We have rebuilt our business relations with Iranian financial institute and cooperate with more than 20 banks. We […]

India’s IOC Clears $510m of Iran Oil Dues

Indian Oil Corp (IOC), the country’s biggest oil firm, has settled $510 million of its outstanding oil dues to Iran, a senior official with the corporation said. IOC Director Sanjiv Singh said the company has paid $510 million out of the total outstanding of $621 million due to Iran in past oil dues, Press Trust […]

200 Foreign Banks Start Business with Iran

The Central Bank of Iran (CBI) has said some 200 foreign banks have so far forged business ties with Iran since the implementation of a lasting nuclear deal between Tehran and world powers in January. “Two hundred small and medium-sized international banks have started correspondent relationships with Iranian banks,” CBI said in an emailed response […]

India Clearing Remaining Iran Oil Dues via German Bank

Indian refiners have started to settle the rest of their outstanding oil dues to Iran via State Bank of India and Germany-based bank Europaeisch-Iranische Handelsbank AG (EIH), a report said. In an attempt to speed up payment of billions of Iranian oil dues, Indian refiners are settling their debts via EIH as timely payment of […]