Bank Sepah ready to help foreign investors enter Iran market: Official

EghtesadOnline: Iranian bank, Sepah, has expressed readiness to help foreign entities, that following the removal of West's sanctions on the country, are interested in investing in the Islamic Republic's stock market.

News ID: ۷۳۷۸۶۶

05 November 2016

The Sepah Bank is ready to absorb foreign companies interested in investing in Iran's commodities, energy and bonds stock market, Ebrahim Enayat Managing Director of the bank's Brokerage Company told The Islamic Republic News Agency on the sidelines of an exhibition on the Persian Gulf Island of Kish.

'Bank Sepah as an internationally well-known bank maintains its subsidiaries in a number of major cities across Europe, Including Rome, Paris, Frankfurt and London,' Enayat said.

'The Bank is ready to offer foreign companies and investors services they need to open Letter of Credits, make payments, and buy shares in Iran's stock markets,' IRNA quoted him as saying.

'The bank is also ready to invest in foreign projects as a partner,' he added.

The Bank Sepah official also said that before the removal of sanctions, it was very risky for foreign investors to engage in Iran's financial markets.

But now, by thanks to operation of free trade zones, like the one on the Kish Island, and the visa and tax exemptions foreign companies enjoy in these areas, they can transfer money and make investments more easily, Enayat said.