Tag Archives | SACE

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 […]

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 […]

Iran to Boost Banking and Economic Ties with Germany

In a meeting with a delegation of German bankers, Komijani, the Vice Governor of the Central Bank of Iran (CBI) asked for improving Banking and economic co operations between Iran and Germany. He assured Iran abides by its commitment under the agreement with the P 5 + 1. According to the CBI PR department, Komijani […]

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 […]

SACE to Collect 564 EUR owed by Iran

By John Lee. Italy’s state-owned export credit and insurance company SACE has signed an agreement to collect €564 million of sovereign credit claimed by the subsidiary of Italian state-backed lender Cassa Depositi e Prestiti against the Central Bank of Iran (CBI). Under the agreement signed by the Chief Executive of SACE, Alessandro Castellano (pictured), and the […]

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 […]