European banks eyeing to work with Iran

EghtesadOnline: Financial Manager of German Company KPMG Ulrich von Zanthier said the European banks are eager to maintain cooperation with Iran.

News ID: ۷۷۹۹۹۵

24 October 2017

European politicians call for preserving Iran's nuclear deal also known as Joint Comprehensive Plan of Action (JCPOA), Zanthier who attended Europe-Iran Forum (EIF) in Zurich told Islamic Republic News Agency (IRNA).

Danish Bank 'Danske Bank' expressed readiness for financing affairs and the Austrian 'Oberbank' is also very active in financing, he said.

Zanthier also pointed to French Bank 'Bpifrance' as announcing start of financing French investment projects in Iran from 2018.

Bpifrance has allocated 500 million Euros for these projects, he added.

The Europeans have already expressed their unanimous support for the international agreement and welcomed Tehran's return to the financial markets and trade and banking activities despite the lack of commitment shown by the US to the July 2015 nuclear deal.

The first, second and third EIF were held in October 2014 in Britain's London, September 2015 in Austria's Geneva and May 2016 in Switzerland's Zurich, respectively.

The fourth EIF wrapped up in Zurich on October 4 in which a number of Iran and European officials exchanged views and examined grounds for expansion of economic and banking cooperation between the two sides.