16 September 2017 - 16:15

Iranian Bank Inks Three Foreign Agreements

Bank of Industry and Mine's Deputy finance and international affairs says we have signed three foreign deals to finance projects.
News ID : 74945
بانک صنعت و معدن

Bank of Industry and Mine's Deputy finance and international affairs, Esmaeli, voiced that we have sealed a deal of Tehran-Qom-Isfahan express railroad and finance agreement of $ 1.5 bn for electrifying Tehran-Mashhad railroad with China's Exim Bank, adding Bank of Industry and Mine is as a finance guarantee bank.

He made the remark that this deal with Chinese side is the first finance agreement for Bank of Industry and Mine since one and half year ago.

Esmaeli went on to note that Bank of Industry and Mine also inked a finance agreement with Veneshekonombank of Russia with the value of 1.2 billion euros to provide financial resources for thermal power plant of Hormozgan and it will be operated in next 5 years with Russian government's loan.

The official underlined the agreement of the credit line of $10 bn between 5 Iranian Banks including Industry and Mine, Parsian, Pasargad, Refah and Export Development banks with China's CITIC STIC is considered as the first large deal between Iran and China in post-sanction era.

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