Tag Archives | Export Development Bank of Iran (EDBI)

Iran, Belarus to Open €5bn Export Credit Line

By John Lee. The Minister of Industry, Mine and Trade has announced that the Export Development Bank of Iran (EDBI) will make available €5 billion of credit for the export of Iranian products to Belarus. Speaking on the sidelines of 14th Iran and Belarus Business Forum, Mohammad Shariatmadari said, “the bilateral development between Iran and […]

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, China Ink $10bn Finance Deal

The CITIC Trust, a major Chinese investment company, signed an agreement with five Iranian banks to open a $10bln line of credit to support construction projects in the Islamic Republic. The agreement was signed between the representatives of CITIC Trust and a consortium of Iranian banks at CITIC Group headquarters in Beijing on Thursday. The […]

12 Banks in Iran-Korea €8-bn Finance Contract

The Managing Director of the Export Development Bank of Iran (EDBI) has said that 12 banks are “agent banks” in the €8-billion Iran-South Korea finance contract. According to the contract signed with the efforts of the Ministry of Economy, the Central Bank, the Organization of Investment, Economic and Technical Assistance of Iran (OIETAI), and 12 […]

Cuban Debt Settlement on Track

By John Lee. Cuba has paid €6 million of its debt to Iran, following a debt restructuring agreement signed between Banco Exterior de Cuba (BEC), the Export Guarantee Fund of Iran (EGFI) and the Export Development Bank of Iran (EDBI) last September in Havana. Arash Shahraini, EGFI’s deputy CEO, who held fresh rounds of talks […]

Export Development Bank of Iran Joins ADFIAP

The Export Development Bank of Iran, as a bank specialized in financing and facilitating the exports, has become a member of Association of Development Financing Institutions in Asia and the Pacific (ADFIAP). ADFIAP is the goal of the development banks and other financial institutions active in the field of financing development in Asia and the […]

Iran Export Development Bank, Russian Bank sign MoU

The Export Development Bank of Iran (EDBI) and RFC Bank of Russia have signed a Memorandum of Understanding (MoU) on banking cooperation in the twelfth session of the Joint Commission on Economic and Trade Cooperation between Iran and Russia. Kamran Rezvani, head of Finance Management for International Affairs of the Export Development Bank of Iran, […]