Central Bank of Croatia keen on boosting ties with Iran

Governor of Central Bank of Iran Valliollah Seif in a meeting with his Croatian counterpart, Boris Vujcic, referred to extensive political ties between the two countries, urging development of banking relations between the two sides, IRNA reported.

Noting that Croatian banking system is in a desirable situation, he said Iran is keen on forging suitable relations with the country’s banks.

Describing banking ties as prerequisite to economic relations, he said that the two countries’ banks can have cooperation in various forms such as joint investment and setting up branches.

Iran welcomes boosting cooperation between the two countries, he said, noting that at present, there are necessary capacities for promoting mutual collaboration.

Seif also hoped that Iranian traders’ upcoming visit to Croatia would help enhance economic and trade relations.

He also said that Croatian banks can first shape their brokerage relations with Iran’s state-run banks and then promote their communications with other Iranian banks.

Seif also said that further acquaintance of Iran’s situation will help foster commercial cooperation between the two countries.

Lack of sufficient familiarity with the Iranian banking system has prompted the countries such as Croatia develop mentalities about compliance of the Iranian banks with the international standards, he said, noting that the Iranian banks are working hard to keep up with the international standards.

Governor of Central Bank of Croatia, for his part, said that the two countries have a good record of cooperation in the course of the history, but commercial and economic relations are not at an acceptable level and it should be improved further.

Describing exports as the main impetus to economic growth in Croatia, he said that currently, the country boasts of desirable economic growth, which is a two-digit figure.

The Croatian official also said that Iranian companies visit to the country is a suitable opportunity for broadening cooperation.