June 10, IFIF, Managing director of Iranian International bank Mohammad Reza Meskarian said that after encountering complex banking procedures through German Central Bank, Persia Bank was joined euro payment system.

Mellat Bank and Tejarat Bank are the shareholders of Persia Bank that is the first Iranian bank established in London.

Mohammad Reza Meskarian announced that after facing complicated legal procedures,  Persia International Bank managed to join the euro payment system known as Target-11 in which international payment cycle(euro zone) and central banks of the euro zone countries are its network members.

It`s obvious that German Central Bank is one of the most important and influential Central Banks of the euro zone in the European Union.