Tag Archives | Oberbank

Oberbank puts Iran Deal ‘On Hold’ over Trump

Oberbank, Austria’s seventh-largest bank, has put projects “on hold” due to the uncertainties surrounding the 2015 nuclear deal between Tehran and world powers, a report said. In a presentation to shareholders by Oberbank CEO Franz Gasselsberger, said the financing of projects in Iran remains “on hold” because the current US policy “complicates the business massively”, […]

Austrian Bank to Finance Iranian Nuclear Hospital

By John Lee. Austria’s Oberbank will reportedly provide $248 million to finance the construction of Iran’s first nuclear hospital. According to a report from Healthcare Global, the new facility will house up to a thousand beds and will be one of the largest of its kind in the Middle East, providing world-class radiotherapy services. Once […]

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 […]

Austrian Bank to Finance Iranian Deals

By John Lee. Austria’s Oberbank will reportedly provide credit for Austrian companies doing business in Iran. Chief Executive Franz Gasselsberger (pictured) told Reuters that the deal will be signed at ceremony on 21st September at its headquarters in Linz, adding that he has “very concrete projects in the fields of infrastructure, rail, health, hospital construction, […]