EghtesadOnline: The chief executive of Oberbank –whose bank this week became the first major European bank to clinch a finance agreement with Iranian lenders–said the landmark deal can act as catalyst for similar contracts by Europeans to open their way into the Middle Eastern country.

EghtesadOnline: Austria's Oberbank signed a finance deal worth €1 billion with 14 Iranian banks Thursday in Vienna.

EghtesadOnline: Austria’s Oberbank will sign a deal with Iran this month, enabling it to finance new ventures there, its chief executive said, among the first European lenders to do so since sanctions were eased.

EghtesadOnline: Iran and Austria have finalized an agreement to establish banking cooperation in financing field, Governor of the Austrian OberBank (OeKB) said.

EghtesadOnline: The Central Bank of Iran announced that its finance deal with Austria's Oberbank has not been halted after a report suggesting otherwise emerged in the past few days.

EghtesadOnline: In what were the first finance deals clinched with cautious European banks after the implementation of the nuclear accord provided sanctions relief in January 2016, Iran signed two agreements worth a total of €1.5 billion ($1.8 billion) with Austria's Oberbank and Denmark's Danske Bank on Thursday.

EghtesadOnline: Banking ties with two major Austrian banks are being established, with Iranian banks establishing 22 correspondent relations only with Oberbank , the governor of the Central Bank of Iran said.

EghtesadOnline: Oberbank , one of Austria's biggest banks, has allocated a €1 billion ($910 million) line of credit to finance investment projects in Iran, Austria's finance minister announced in a meeting with his Iranian counterpart in Tehran on Sunday.