Tose’e Ta’avon Bank

EghtesadOnline: Before the implementation of the Joint Comprehensive Plan of Action (the formal name of Iran’s nuclear deal with world powers), international ties of Tose’e Ta’avon Bank were confined to correspondent relations with a few foreign banks but after the nuclear accord, the bank has managed to establish ties with 20 foreign banks, the bank’s CEO announced.

EghtesadOnline: Tose’e Ta’avon Bank or the Cooperatives Development Bank of Iran has allocated about 30 trillion rials ($770 million) of loans throughout the country since the beginning of the current fiscal year (started March 21), its head of credit and investment department said.

EghtesadOnline: Tose’e Ta’avon Bank (Cooperative Development Bank) is set to allocate 42 trillion rials ($1.12 billion) in loans to the cooperatives sector, the bank’s CEO announced.