Tag Archives | Bank Muscat

Three Foreign Banks to Open in Iran

By John Lee. Three foreign banks are reported to be opening representative offices in Iran. Peyman Ghorbani, Vice Governor of the Central Bank of Iran (CBI) told Bloomberg that Oman’s Bank Muscat SAOG, Woori Bank of South Korea, and India’s UCO Bank Ltd. are all in the process of establishing a presence in Tehran. He declined to […]

Bank Muscat to Open Branch in Tehran

The Central Bank of Oman (CBO) has approved the request from Bank Muscat, Oman’s largest lender by market value, to open a representative office in Iran, a report said. The approval makes Bank Muscat one of the first foreign financial firms to establish a presence in Iran following the recent implementation of the Joint Comprehensive […]

Bank Muscat to open Office in Iran

By John Lee. Bank Muscat has issued a statement saying that it is in the process of establishing a representative office in Iran. “We will ensure full compliance with all local and international regulatory requirements. We will inform the market once all regulatory approvals are in place,” the bank said. According to Reuters, the announcement […]