Tag Archives | export credit

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 […]

Korean Credit Line to Finance Refinery Project

A project to optimize Iran’s Isfahan Refinery will be financed by a South Korean credit line. South Korea will provide €1.9 billion worth of credit for upgrading and optimizing the refinery. Alireza Arman, Consolidated Planning Manager of National Iranian Oil Products Refining and Distribution Company (NIOPDC), said: “A contract for improving process and optimizing Isfahan […]

Russian Bank Opens Credit Line for Iran

The Eximbank of Russia, a leading group supporting exports and imports, signed a deal to supply a credit line for four Iranian banks to finance various projects in the Islamic Republic. According to the Central Bank of Iran, the Russian bank has signed an unlimited finance agreement with four Iranian banks, namely Sepah, the Export […]

Hungarian Bus-Maker to supply Iran

By John Lee. Hungarian bus maker Ikarus has reportedly signed an agreement to export 1,000 buses to Iran. Company Chairman Gábor Széles was among a 20-strong business delegation on an official visit to Iran last the weekend. The quantity is equivalet to one-third of full year’s production for the company. According to Budapest Business Journal, […]

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, […]

Germany’s Hermes to Guarantee Iranian Investments

By John Lee. Germany’s Hermes Insurance has reportedly said it is willing to provide insurance coverage for investment projects in Iran, especially in the energy and power sectors. According to Mehr News Agency, the announcement was made at a joint meeting between Iran’s Foreign Minister Mohammad Javad Zarif and German Minister for Economics and Energy […]

UKEF may Finance Iran Aircraft Deal

Iran’s Deputy Transport Minister Asghar Fakhrieh Kashan said UK Export Finance (UKEF) is in talks with the Islamic Republic to facilitate the financing of aircraft sales to the country’s national flag-carrier airline Iran Air. “We have received some offers from UKEF, that is under review by Iran,” Fakhrieh Kashan told Reuters on Thursday. He added […]

Western Insurers Target Iran

By John Lee. Reuters reports that Iran is in active talks with insurers to provide cover in a market valued at $9 billion last year, and potentially double that in the next decade. This is despite the fact that Iran has secured ties with only a limited number of smaller banks as U.S. sanctions remain […]

Australian Trade Delegation Visits Tehran

By John Lee. Australian Trade Minister Steven Ciobo is leading a high-profile delegation to Tehran, aimed at re-establishing commercial ties in several sectors. According to a report from The Australian, the delegation includes Qantas, Cochlear, GrainCorp, LiveCorp, WorleyParsons and the universities of Melbourne and Sydney. Mr Ciobo met his Iranian counterpart, Mohammad Reza Nematzadeh, and […]

Austria’s OeKB Increases Iran Trade Financing

By John Lee. The Central Bank of Iran (CBI) says Austrian export credit agency OeKB has raised its cover for Iran transactions from 280 million euros to 1 billion euros. The announcement by Austrian Minister for Finance Hans Jörg Schelling (pictured) came during a meeting with CBI Governor Valiollah Seif in Vienna. Schelling said his […]

SACE Value of Services Grows after Iran Deal

A senior official with Italy’s major export credit agency SACE said the agency’s value of services has witnessed a steady growth after it signed a cooperation document with the Islamic Republic of Iran. Marco Frioli, the director of the Middle East and North Africa department of SACE, said the agency’s value rebounded steadily after an […]

UKEF Ready to Offer Insurance Coverage to Iran

UK’s trade envoy to Iran, Lord Lamont, has voiced the United Kingdom Export Finance (UKEF)‘s readiness to cooperate with Iran and offer insurance coverage to the OPEC member Asian country. Following a meeting with the British envoy in Tehran, Amir Hossein Zamaninia, deputy petroleum minister in international affairs and trading, said he discussed Iran’s future […]

Italy extends $5bn Credit Line and Export Guarantees to Iran

During the visit of Italian Prime Minister Matteo Renzi to Iran, Italy’s Cassa Depositi e Prestiti (CDP Group), along with SACE and SIMEST, has announced that it is supporting Italian exports to Iran through a series of common integrated initiatives: € 4 billion in credit lines issued by CDP under the “export bank” system to […]

Iran, New Zealand Sign Export Credit Agreement

Iranian Foreign Minister Mohammad Javad Zarif held a meeting with his New Zealand counterpart Murray McCully in Wellington on Sunday afternoon. Heading a high-ranking delegation, the top Iranian diplomat is in New Zealand as part of a tour of six countries in Southeast Asia and Oceania. In their meeting, Zarif and McCully stressed the need […]

CBI, Coface reach agreement on settling debts

By John Lee. The Central Bank of Iran (CBI) has reached an agreement with French export credit agency Coface to settle Coface’s debts to Iran. According to Mehr News Agency (MNA), the debts date from the imposition of sanctions on Iran. The agreement paves the way for the the restoration of business between the two […]

S Korea in 5bn EUR Iran Financing Deal

By John Lee. The state-run Export-Import Bank of Korea (KEXIM) has said it plans to sign an agreement with Central Bank of Iran (CBI) during the current quarter to provide up to 5 billion euros in financing for South Korean companies doing business there. The arrangement will support contracts that South Korean companies win in […]

Italian Insurer signs Deals with three Iranian Banks

Italy’s state-owned export credit and insurance company SACE has signed three collaboration agreements with the major Iranian private banks – Bank Pasargad, Bank Parsian and Saman Bank – aimed at facilitating a more rapid and effective resumption of trade and investments in the country. The President of SACE, Giovanni Castellaneta (pictured) — himself a former […]