Iranian Banks to Open Representative Offices in UK, Italy, Germany

Central Bank of Iran (CBI) has reported that Iranian banks are planning to establish their representative offices in three European countries of Britain, Italy and Germany.

The principled agreement on the establishment has been reached, the CBI said in its report, adding that the process of implementing the agreement is underway by the banks that have made their requests.

The news has been published in the fourth report of the CBI activities since the beginning of the new Iranian calendar year, IRNA reported.

On August 23, the national Government Week began in Iran. During the week, the Iranian government is giving reports on its activities in the country in different areas.

The latest report of the CBI included the achievements gained in the banking permits, combat against money laundering, banking studies and regulations in the past year.

After the nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), finalized between Iran and the six world powers on July 14, 2015, Iran’s international banking relations grew.

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