Austria RBI bank

Austria’s RBI seeks to reopen office in Tehran

TEHRAN (Tasnim) – A board member of Austria’s Raiffeisen Bank International (RBI) said the banking group plans to reopen its office in the Iranian capital in the wake of the recent termination of anti-Tehran sanctions.

RBI is in “intensive talks” with Iranian banks in a bid to re-launch its office in Tehran as soon as possible, Peter Lennkh said in an interview with Austrian newspaper Wirtschaftsblatt, Reuters reported on Monday.

He added that Iran must first rejoin the international system, which can take months.

RBI is the only Austrian bank with a presence in both the world‘s financial centers and via branches and representative offices in Asia, the Group‘s further geographical area of focus.

In total, more than 54,500 employees service 14.8 million customers through over 2,850 business outlets, the great majority of which are located in CEE (Central and Eastern Europe).

The move by the Austrian bank came after implementation of a nuclear deal between Tehran and world powers was officially started on January 16.

Based on the agreement, which had been finalized back in July 2015, all nuclear-related anti-Iran sanctions were removed.

By Tasnim News Agency