04 February 2018 - 16:09

Refinance Negotiations with Exim Bank of Hungary in Progress

Export Development Bank of Iran's CEO said we have brokerage relations with 132 banks, adding we have 38 active bank accounts in various countries and those countries that we have economic relations with them are in our priority.
News ID : 81603

Regarding refinance agreements with different countries, Ali Saleh Abadi said we are negotiating with Hungary's Oxinbank and it will be finalized in two months.

Export Development Bank of Iran's CEO referred to the bank's 132 brokerage relations including 71 in the Europe, 47 in the Asia, 13 in the Africa and 3 in the South America, mentioning that the bank's export target countries such as African nations are in our priority.

As to short-term credit deals, the official said refinance agreements with South Korea's Exim Bank, Paris Trade Bank, Turkey's Okerbank worth $100 mn, $25 mn, $35 mn respectively. 

He stated that refinance agreement with Hungry's Exim Bank is under negotiation and also the two-side credit line exchange with EIH has been done.

Saleh Abadi expressed that based on the high level of trade exchanges with South American countries, in particular Brazil, we are negotiating with Venezuela to change the name of Iran-Venezuela's bank to Iran-South America's Bank, if Venezuelan side accepts it.

Regarding post-sanction era's expansion of banking relations, Export Development Bank of Iran's CEO said the bank's branches have been reopened in some countries and 38 accounts have been activated in some banks and also there is no problem for opening LC.

"In the past foreign governments couldn't adhesive their commitments, but currently $200 mn has been unfrozen and returned to the bank's resources", Saleh Abadi.

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