MNA� Seif, the governor CBI, told the Swiss envoy to Iran Leitner that Iran-Switzerland banking relations are satisfactory and called for speeding up the permission process for letting Iranian banks open branches in Switzerland.

�Iranian banks are functioning in the framework set by international regulations and many long steps have been undertaken to meet global standards,� said the governor of Central Bank of Iran Valiollah Seif.

The Iranian official made the remarks on Monday while meeting with the Swiss Ambassador to Iran Markus Leitner.

�The program to improve the structure in Iranian banks, in terms of standardizing banking operations, observing the international regulations, and correcting the accounting and monitoring standards is underway,� recounted the official.

During the meeting, the Swiss ambassador to Tehran voiced his country�s willingness to expand banking relations between the two countries and also recounted that Switzerland is encouraging its banks to broaden their cooperation with Iranian banks. He described the meeting as a prelude to meeting this objective.

He also promised to negotiate with banking officials and Swiss banks to speed up issuing permissions for letting Iranian banks open branches in Switzerland.