Reported by HPMM Group according to FINANCIAL TRIBUNE ; The Iranian petrochemical industry has the capacity to receive significant new investments from banks, the chief executive of the Export Development Bank of Iran said, adding that his bank is ready to support the industry. “The petrochemical industry is one of the generative pivots of the […]

The rise in FDI in Iran owes much to the nuclear deal the country signed with world powers in 2015, known as the Joint Comprehensive Plan of Action, which saw the removal of economic sanctions against the country the following year Introduction of investment opportunities in Iran is among the 14 priorities First Vice President […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Bank Melli Iran is planning to overhaul its European branches after clearing the procedures both inside the country and abroad, the director of BMI’s Department for Foreign Exchange said. Noting that BMI has held negotiations with European officials to enhance its presence in that continent, Gholamreza […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    During the previous Iranian year (ended March 20, 2017), Bank Saderat Iran registered 74% growth in issuing foreign exchange guarantees and opening letters of credit, the bank’s CEO has announced. “With almost 2,500 branches inside the country and 22 abroad, BSI has acted as the strong […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;   Following President Hassan Rouhani’s reelection this weekend, most people believe that Iran’s economy will be in a better position and the country open for international business, reads a commentary published by UK-based media outlet The Global Legal Post. Below is the full text: On May 17, […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    The UAE was Iran’s second biggest export destination, following China, in the last Iranian year (ended March 20, 2017), accounting for 17% of all Iranian exports. Iran’s exports to the Arab country during the period stood at 13,364 tons of non-oil commodities (minus natural-gas condensate) worth […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    The Central Bank of Iran has called on banks and credit institutions to cease any involvement in investment funds as well as the purchase of any kind of securities and bonds, which the regulator has deemed as “non-banking activity”. As per the CBI directive, the banking […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;   Sina Bank was the most successful in focusing on small businesses, as the volume of bank guarantees supporting them has witnessed a significant rise. Bank guarantees issued by Sina to small businesses have had a dramatic growth during the tenure of the current government, the website […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Data released by the Central Bank of Iran are routinely monitored by the International Monetary Fund, therefore it must be compatible with international standards, announced the governor of CBI. “CBI has been introduced as the government’s representative to the International Monetary Fund, therefore the bank needs […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;  Bank Mellat has obtained the license to reopen its branch in Seoul, South Korea, the bank’s CEO announced. “This was made possible following the implementation of the Joint Comprehensive Plan of Action (the formal name of Iran’s nuclear deal with world powers) with the assistance of […]