IRNA - Managing Director of Iran-Europe Financial Mechanism Company announced the appointment of a European bank to liquidate INSTEX's financial transactions, noting that the second bank is also on the verge of being selected. Ali Asghar Nouri said in the Tehran Chamber of Commerce and Finance Commissions meeting that given the sanction of Iranian ...

MNA An official working in Irans banking system said Sun. that the country has held several sessions with a major European bank during which the bank has voiced readiness to resume cooperation with Iran in the face of US sanctions. Ahmad Taheri Behbahani made the remark during the unveiling ceremony for a banking mobile application on Sunday. He ...

IRNA Top European banks are maintaining baking relations with their Iranian counterparts in the post-JCPOA era, the managing director of Export Development Bank of Iran said on Sunday. At the beginning of post-JCPOA era, only small and medium-sized European banks established ties with Iran but now big banks are also after maintaining relations with ...

The United States has promised not to punish European banks that facilitate transactions with Iran, Iranian Foreign Minister Mohammad Javad Zarif said Saturday in an exclusive interview with Kyodo News. Zarif, in New York for the U.N. General Assembly, said he received assurances from U.S. counterpart John Kerry that greater efforts would be made ...

Iran says a certain number of small European banks have agreed to work with the country several months after the removal of the sanctions. Parviz Aghili, head of the private Middle East Bank in Tehran, has told AFP that the banks that are now preparing to work with Iran are from Italy, Austria, Switzerland, Germany, Turkey and Belgium. Aghili ...

August 9, The Iran Project Many large European banks still refrain from engaging in transactions with Iran due to pressure from the United States, the AEOI head Ali Akbar Salehi said on Tuesday. Ali Akbar Salehi, Head of Atomic Energy Organization of Iran (AEOI), referred to the efforts made by the Western countries in exerting pressures and imposing ...

Big European banks remain reluctant to work in Iran four months after the lifting of international sanctions under a landmark nuclear deal with world powers, an Iranian official said Sunday. "Major European banks have not yet started their interactions with Iranian banks, but some medium- and small-sized financial institutions have established relations,...

HSBC has criticised the US secretary of state, John Kerry, for asking European banks to do more business with Iran while Washington continues to restrict American financial firms from doing the same. The banks chief legal officer, Stuart Levey, said HSBC had no intention of doing any new business with Iran after a meeting in London on Thursday in ...

LONDON (AP) -- U.S. Secretary of State John Kerry is reassuring European banks they won't be penalized for conducting or facilitating legitimate business with Iran. Kerry and British Foreign Secretary Philip Hammond are meeting with key European bankers in London. They're working to clear up what Kerry says are misconceptions about U.S. sanctions ...

ZURICH Irans largest bank is eager to resume ties with major European banks, but only smaller financial institutions have been willing to return to the Iranian market in the aftermath of a landmark nuclear deal. In an interview May 3 with Al-Monitor on the sidelines of a conference in Zurich, Mostafa Beheshti Rouy, an executive board member of ...

European banks are tentatively re-engaging with Iran as the Middle Easts second-largest economy slowly emerges from a sanctions regime that has kept it in the financial wilderness for years. Belgiums KBC, Germanys DZ Bank and Austrias Erste Bank all confirmed when contacted by the Financial Times that they have started handling transactions on behalf ...

Tehran, Feb 17, IRNA - An Airbus executive urged European banks to overcome their wariness about financing export projects to Iran because of US sanctions, highlighting difficulties European companies face in their rush to Tehran. According to Reuters, French banks, deterred by a $9 billion US fine on BNP Paribas in 2014 for violating US financial ...

Iran on Thursday called on the United States to make a clear public pledge that it would not penalize European banks for legitimate trade with the Islamic Republic. Many foreign banks are cautious about resuming trade with Iran following January's nuclear deal because they fear being caught up in ongoing U.S. sanctions. "Rebuilding the confidence ...