EghtesadOnline: Iranian Sina Bank is supposed to open its first branch in Munich, Germany in the next Iranian calendar year (started on March 21, 2018), banking official said.

EghtesadOnline: Since complying with international standards and building strong infrastructures are prerequisites for opening a branch in another country, Sina Bank has managed to complete the first phase of its agreement with KPMG, one of the world’s leading companies providing financial advisory services, Sina Bank ’s CEO announced.

EghtesadOnline: Sina Bank has established correspondent relations with 25 internationally recognized banks to benefit from their international experience and provide better services to customers, the bank’s website reported.

EghtesadOnline: Iranian private bank Sina has opened accounts in the Spanish Ares Bank and Italian Banca Popolare di Sondrio, the bank’s website announced.

EghtesadOnline: Sina Bank was the most successful in focusing on small businesses, as the volume of bank guarantees supporting them has witnessed a significant rise.