Italy’s small banks to soon start coop. with Iran

TEHRAN, Nov. 30 (MNA) – President of Iran-Italy Joint Chamber of Commerce said small Italian banks will soon begin brokerage relations with Iran.

Ahmad Pourfallah noted the meeting of 12 Italian bankers with the Governor of the Central Bank of Iran (CBI) Valiollah Seif and said, “in addition to Italy’s major bankers, the meeting is attended by 24 directors of Iranian banks.”

“Italians seek the facilitation of money transfer process and resolving banking issues,” he underlined.

Pourfallah continued “head of Italian Bankers Association yesterday demanded reaching of an agreement with CBI governor with the main debate being over getting three-billion-euro guarantee the Italian credit insurance has considered for Iran’s economy.”

“In other words, Italy is seeking to take the necessary warranty to ensure repayment of the amount,” said the official asserting “furthermore, Italians plan to start banking relations between Iran and its second- or third-rate banks in near future, because the big banks are connected to international networks waiting for the lifting of sanctions while smaller banks are not faced with such restrictions.”

At the end of his remarks, Pourfallah said “Italy has put formation of joint banks with Iran on the agenda as well, which will open branches in Iran’s free trade zones as the first step.”

 

HA/2986497

 

News Code 112436

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