Financial Times - Bypassing US economic sanctions is the function of a robust private sector and the banking sector will step in to empower private companies, said the CEO of state-owned Bank Melli Iran. If we want to evade the [US] sanctions, the private sector can do it best. It is indeed the banks mission to finance manufactures and exporting ...

Al Monitor | Bijan Khajehpour: Iranian and international experts have opined for some time that Irans banking sector is at risk of a financial collapse due to toxic assets. It is no secret that over the past decade all Iranian banks were negatively affected by sanctions, internal mismanagement and corruption. Another disturbing factor in the financial ...

IRNA - The US is trying to poison the business environment and discourage big banks and companies from working with Iran, Iranian vice president said. The US is fear mongering. But in reality they cannot accomplish much. There is a lot of rhetoric, yes. If the US turns those words into real action, we will then have to face a very different situation,...

Al Monitor | Bijan Khajehpour: Despite all modernization efforts, Iran is still a cash-based economy where banks and financial institutions play a significant role. Ever since the privatization of the banking sector in the early 2000s, the Central Bank of Iran (CBI) has had to deal with a phenomenon of non-bank credit institutions, which are more commonly ...

MNA Valiollah Seif said banking problems, which persisted even after JCPOA implementation, are being gradually settled. Governor of Central Bank of Iran (CBI) Valiollah Seif made the remarks while speaking to reporters noting that the positive approach needs to be continued for better banking situations to be achieved in future. The official ...

MNA Ways for expanding Iran-Latin Americas banking transactions were discussed in a joint session between political managers of LatAm region, JCPOA committee at Foreign Ministry and representatives of Iranian banks. During the session held at the Foreign Ministry on Tuesday, the sides conferred on the presence of Iranian banks overseas and expansion ...

Manila Standard- THE Philippines and Iran have agreed to further expand their bilateral ties, beginning with establishing banking relations and renewing the strong economic cooperation between the two countries. In a meeting with Finance Secretary Carlos Dominguez III, Iranian Deputy Minister for Asia-Pacific Affairs Ebrahim Rahimpour offered Tehrans ...

TEHRAN, Oct. 30 (MNA) Iranian Foreign Ministry Spokesman Bahram Ghasemi said Europeans should be independent from other world powers and provide necessary space for further cooperation with Iranian banks and institutions.. Ghasemi, speaking to IRIB on Saturday night, said Foreign Minister Javad Zarif and EU Foreign Policy Chief Federica Mogherini ...

The west risks breaching the landmark nuclear agreement if it fails to give Iran proper access to the international financial system, a former British ambassador to Iran has argued. Sir Richard Dalton, who served in Tehran between 2003 and 2006, said in a report published this week in the journal of the Royal Society of Asian Affairs in London that ...

TEHRAN, Oct. 28 (MNA) The international branches of Bank Saderat Iran (BSI), as one of the largest Middle Eastern banks operating in the fields of International banking and finance, have been removed from the blacklist of financial sanctions. The announcement was made by Bank Saderat Iran (BSI) in a statement, adding the removal of banking sanctions ...

Arak, Markazi prov., Oct 10, IRNA An Iranian parliamentarian believes that easing dollar transactions with Iran is not enough, and all the impediments on international transactions with Iranian banks should be removed. Ali Akbar Karimi said that the process of easing dollar transactions with Iran is incomplete and in accordance with JCPOA, all sanctions ...

The UK says it is trying to facilitate banking transactions with Iran now that the sanctions against the country have been removed. Lord Norman Lamont, UK's trade envoy to Iran and chairman of the British-Iranian Chamber of Commerce, said London is closely working with the representatives of the US Treasury to remove the obstacles that hinder ...

Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi and UK Chancellor of the Exchequer Philip Hammondhave exchanged viewpoints on the banking restrictions facing Iranand a new dawn for the country'seconomy after nuclear-related sanctions were lifted following the landmark agreement between Tehran and the six world powers. During ...

While the authorities in the US and EU continue to drag their feet on sanctions and hamper cooperation with Iran, Russian banks are keen to fill the gap in the opening Iranian market, Russian newspaper Izvestiya reported. Russian banks are striving tobe the first inline afterthe partial lifting ofsanctions againstIran, Russian newspaper Izvestiya ...

More indications emerge to show that banking problems remaining from the sanctions against Iran are still obstructing the countrys exports. Fariborz Karimaei, the deputy head of the Association of Petrochemical Industry Corporation of Iran, was quoted by the media as saying that Irans petrochemical exports to Europe are facing problems as ...

TEHRAN (Tasnim) Establishing direct banking relations between Tehran and Ashgabat is a priority for Iran in line with efforts to boost trade ties between the two countries, the Iranian commercial attach to Turkmenistan said. Ramatollah Khormali said launching direct banking ties between Iran and Turkmenistan and facilitation of visa issuance ...

TEHRAN, Jun. 20 (MNA) Deputy industry minister announced that Irans banking issues with European countries have been fully resolved on financing Iranian mines. Mehdi Karbasian made the remarks adding finances from South Korea, Germany, Italy and France will be raised for the mining sector. Fortunately, following the attempts made by the Central ...

Iran is gradually restoring banking links with the rest of the world by forging ties with smaller foreign institutions, even though large global banks are still holding back because of legal risks, Iranian officials and foreign bankers say. Since international sanctions over Iran's nuclear programme were lifted in January, the world's big banks ...

Tehran, June 10, IRNA Foreign Ministry Director General for political and international affairs Hamid Baeidinejad said that Iran will not quit until full implementation of Joint Comprehensive Plan of Action (JCPOA) and removal of all banking and financial obstacles. He wrote in his telegram channel on Friday that Iran has enough tools to impose pressure ...

Tehran, June 7, IRNA A Spanish official said his company is preparing to enter the competitive Iranian market and face probable banking problems. Yazmin Vazquez who is the sales manager of Vallejo Olive Oil Company made the remarks while talking to IRNA on Tuesday. She is here for the Iran Agrofood 2016 international exhibition which focused on ...