Iran banks

Iran’s Tejarat Bank sues EU for damages

Iran’s Tejarat Bank says it has filed a lawsuit with the Court of Justice of the European Union (CJEU) to seek damages for the losses it incurred as a result of several years of sanctions by the Union.

Financial Markets

‘Iran intl banking ties to improve soon’

Iran’s banking relations with the world will improve by the end of the current fiscal year in March, the deputy for international affairs at the Iran Chamber of Commerce, Industries, Mines and Agriculture said.

Financial Markets

Iran criticizes US for blocking trade ties

Iran has refreshed criticisms against the US for failing to facilitate international trade with the country as required by a nuclear deal sealed last year.

Financial Markets

UK lifts sanctions on key Iranian bank

The British government has announced that it has removed Bank Saderat Iran (BSI) from its list of sanctioned entities.

Financial Markets

Iranian banks to open branches in Munich

German media say three Iranian banks plan to open branches in Munich in the near future in what is expected to help stimulate business ties between the two countries.

Financial Markets

US ‘terrorizing’ Europe into avoiding business with Iran

A senior Iranian official says the US is terrorizing the Europeans into shunning business with Iran despite the lifting of sanctions under a landmark nuclear deal.

Financial Markets

Fitch studying Iran as businesses rush in

Iran says the global rating agency Fitch has recently visited the country in light of the growing interest of banks and businesses in its post-sanctions investment opportunities.

Macro Economy

Iran bank joins euro payment system

Iran says one of its London-based banks has joined the euro payment system.

Financial Markets