Iran, Lebanon to boost banking coop.

TEHRAN, Dec. 09 (MNA) – There exist several suitable grounds for cooperation with Lebanese banks in the Iranian banking system, said CBI governor expressing eagerness to expand banking cooperation with Lebanon.

In a meeting with Lebanon's Finance and Treasure Minister Ali Hassan Khalil, the Governor of Central Bank of Iran (CBI) Valiollah Seif said in negotiating with other countries, Iran analyzes the required financial channels in accordance with the volume of trade while in the case of Lebanon, the high banking capacity will allow us not to suffice to the commercial trade volume.

Stressing that the banking system of Lebanon enjoys a high level of stability as well as being thoroughly updated, Seif asserted “Iran is willing to boost baking relations with Lebanon considering the existence of many proper grounds.”

CBI governor further referred to the high capacity of Lebanon’s private sector as well as specialists in the country’s financial sector adding “Iranian banks can benefit from the network of Lebanese banks’ international branches and we welcome the establishment of these branches in Iran.”

The official stressed the need for the two countries’ banking delegations to meet; “I officially invite the governor of the Central Bank of Lebanon and the senior bank managers in the country to attend the joint session of the two countries in the coming months in order to examine venues for cooperation and creation of a joint banking delegation,” he noted.

Lebanon's Finance and Treasure Minister Ali Hassan Khalil, for his part, deemed any country’s financial sector as a critical part and said the Central Bank of Lebanon has a crucial role in the financial stability of the country and was able to provide strength to the economy sector to the extent that the same governor has remained in the office for 33 years.

“The political situation led us to separate the economic and financial sectors from political changes,” said Khalil underlining “considering common characteristics of Iran and Lebanon, the same solution needs to be implemented in Iran with the monetary and fiscal policies being detached from political changes acting independently apart from what goes on in the political arena of the government and the parliament.”

The Lebanese official announced the interest of Lebanese banks and syndicate banks to expand cooperation with Iran’s financial system; “currently, noting the success of Iran’s nuclear talks and the removal of sanctions, the conditions for the development of new cooperation has been provided and we feel committed to share experiences with Iran,” he concluded.

 

HA/2994746

 

News Code 112687

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