Iran, Austria banks ink one billion euro contract

This is the first contract on financial support for Iranian banks with European banks following the implementation of Joint Comprehensive Plan of Action (JCPOA).

According to a report of Central Bank of Iran (CBI), the contract was signed in the presence of Deputy Governor of CBI for forex affairs Ahmad Araqchi, Governor of Organization for Investment economic and technical assistances Mohammad Khazaei, managing directors and members of the board of directors of Iranian banks in Austria.

The contract was signed by a nuIranian banks Kar Afarin, Saman, Pasargad, Refah Kargaran, Mellat, Tejarat, Melli, Sanat and Ma'dan, Eqtesad Novin, Sepah, Touseh Saderat (Export Development) , Khavarmianeh (Middle East), Keshavarzi (Agriculture) and Parsian.

Oberbank is a regional bank in the heart of Europe.

According to the contract, Austrian bank resources will allocate financial supply for the development and urban projects of public or private sectors, which have received the necessary authorization in Iran.

Ahmad Araqchi also held meetings with head of Austria Exporting Insurance Institute and a number of directors of Austrian banks.

This is the first financial supply contract with European banks following the implementation of JCPOA after signing contracts with South Korean banks for 8 billion euro and China, which hit a total 35 billion dollars.

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