Iran banks to open representative offices in UK, Italy, Germany: Report

Tehran, Aug 27, IRNA – Central Bank of Iran (CBI) has reported that the Iranian banks are planning to establish their representative offices in three European countries of Britain, Italy and Germany.

The principled agreement on the establishment has been reached, the CBI said in its report, adding the process of implementation of the agreement is underway by the banks which have requested.

The news has been published in the fourth report of the CBI activities since the beginning of the new Iranian calendar year in August, 2013.

On August 23, the national Government Week began in Iran. During the week, the Iranian government is giving reports on its activities in the country in different areas.

The latest report of the CBI included the achievements gained in the banking permits, combat against money laundering, banking studies and regulations in the past year.

After the nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), that reached between Iran and the six world powers on July 14, 2015, Iran’s international banking relations grew.