Brazil’s Ambassador meets with BIM Boss

Brazil’s ambassador to Iran, Rodrigo de Azeredo Santos, has met with Ali Ashraf Afkhami, Chairman of the Bank of Industry and Mines (BIM).

In the meeting Afkhami explained the success of the Bank in the financing of infrastructure development projects such as steel, cement, railways, power stations and petrochemical plants, and talked about the launch of the Kavian Petrochemical Complex, the Lorestan Petrochemical Complex, the Mahabad Petrochemical Complex, as well as financing the Tehran-Qom-Isfahan Expressway and the Tehran-Mashhad Electronic Railway.

He further pointed to the bank’s activities after the nuclear deal such as the opening of the first LC through SWIFT for the private sector, the establishment of brokerage relationships with 82 banks in 33 countries, the signing of an MOU with Exim Bank of South Korea, and the signing of a subcontract worth $120 million with Exim Bank of India.

Afkhami also stated the Bank of Industry and Mine is ready to hold a brokerage deal with Brazilian banks, especially development banks, to finance projects and to exchange credits for export and import of goods between the two countries.

Meanwhile, Brazil’s ambassador to Iran expressed interest in the financing of projects related to public transportation, light and semi-heavy automobile industries, oil, gas and medical equipment.

I will invite the Brazilian banks to discuss with Iranian banks about the interaction between the two countries’ banks and manufacturing and trading companies to increase exports and imports“, Santos said.

Santos also said he is ready to assist in establishing coordination between the central bank and other Brazilian banks and Iranian banks, especially the Bank of Industry and Mine.

Last month, representatives of Iranian banks met with the Brazilian Ambassador and representatives of Brazilian banks during a trip to Brazil.

(Source: Ministry of Foreign Affairs)

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