international banking

Iran, Russia connect payment systems

The Central Bank of Iran (CBI) says Russia’s Mir payment network has been connected to Iran’s Shetab banking system, a move that takes place in line with boosting financial cooperation between the two neighboring countries.

Financial Markets

Iran, Russia banks set to link messaging systems: Ambassador

Iranian Ambassador to Russia Kazem Jalali has said that Iran and Russia have begun pilot linking of their banking messaging systems and will finalize the scheme soon.

Financial Markets

Iran can join Russia’s Mir payment network by early 2023: Minister

Integration of Iranian and Russian bank card networks is expected to be completed early next year, the Minister of Economy Ehsan Khandouzi said in Tehran on Monday.

Financial Markets

China Bank of Kunlun resumes Iran business

The main Chinese bank, handling financial transactions between Iran and China, has restarted work with Iranian businesses after a two-month hiatus. However, the decision still prohibits Iranians residing in the country to reactivate their accounts or do financial transactions.

Trade

BpiFrance to fund French projects in Iran

French state bank BpiFrance will finance investment projects of French companies in Iran from 2018, granting up to 500 million euros ($598 million) in annual credits, its CEO said on Sunday.

Financial Markets

Iran to be connected to UPU’s International Financial Services

Iran will be connected to the financial services system of the Universal Postal Union (UPU), which is similar to global transaction network SWIFT, Chief Executive of Iran Post Co Hossein Mehri says.

Financial Markets

Iran, Brazil to remove banking barriers, boost trade ties

Iran and Brazil underlined the necessity of improving banking relations to boost bilateral trade and investments.

Iran Chamber

Iran, South Korea private lenders sign cooperation agreement

Private lenders from Iran and South Korea have signed an agreement to cooperate over banking issue with each other – an agreement which most importantly envisages the expansion of non-dollar trade between the two countries.

Financial Markets

Iran to establish fully-owned bank in Azerbaijan

Iran’s top banker says the country plans to establish a bank in Azerbaijan with 100 percent Iranian ownership.

Financial Markets

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

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