5/27/2017 12:00:00 AM - 12:45 Code: 448 Print

Iranian Bank Opens Branch in Italy

Iranian Bank Opens Branch in Italy
May 24, IFIF quoted from FNA- Iran's Bank Saman opened its first branch in Rome, Italy, after obtaining the necessary licenses from the central banks of Iran and Italy.

Saman bank opened its branch in the Italian capital to provide financing, investment, banking and legal consulting services to the Iranian businessmen in Italy.

Bank Saman's Public Relations said that according to a contract signed between Italy's Export Guarantee Funds (SACE) and Bank Saman an exclusive credit line has been set up for the Iranian bank.

During the fourth edition of Iran-Europe Banking and Business Forum in late April in Tehran, 2017, it was announced that some Iranian banks would shortly open agencies in Europe.

After the nuclear deal, also known as Joint Comprehensive Plan of Action (JCPOA), there have been a lot of openings in banking, such as expansion of banking relations with other countries, removing limitations on Iranian banks in other countries and temporary suspension of Iran from among the countries not cooperating with the Financial Action Task Force (FATF).