Iran Brazil banking

EghtesadOnline: Brazilian Minister of Finance Henrique Meirelles says his country welcomes Iranian banks to open branch offices in its territory.

EghtesadOnline: With the aim of expanding banking correspondent relations to support foreign trade, Bank Melli Iran has succeeded in establishing correspondent ties with Brazilian banks, the lender’s deputy for foreign exchange and international affairs announced, without disclosing the names of Brazilian banks.

EghtesadOnline: Iranian banks will be able to open branches in Brazil after following due process like banks of any other nation, as the Latin American country welcomes expansion of trade ties with the Middle East country, Brazil's ambassador in Tehran said.

EghtesadOnline: Iran and Brazil underlined the necessity of improving banking relations to boost bilateral trade and investments.