Major Austrian Banks to Open Branches in Iran

The head of the Chamber of Commerce of Austria’s Vorarlberg region said major Austrian banks plan to open branches in Tehran following the removal of anti-Tehran sanctions.

Key banks such as Bank Austria and Raiffeisen Bank International would be specifically interested in cooperating with their Iranian partners, Helmut Steurer said.

Stressing that there is a huge potential in Iran for investments by European countries, he said that Iran and Austria have already signed several investment protection pacts which would help the two nations boost their investment activities in the future, Press TV reported.

Steurer further said that Vorarlberg can help enterprises at home as well as those in Germany, Switzerland and Lichtenstein that border this region enter into the Iranian market.

(Source: Tasnim, under Creative Commons licence)

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