14 September 2017 - 15:45

Iran to Ink Banking Agreement with China

Iran's Central Bank's Governor has traveled to China at the head of a board of banking system's directors to sign a banking agreement with the foreign side.
News ID : 74873
ایران و چین

Iran's delegate consisting of managing directors, board members and some international managers of Pasargard, Parsian, Industry and Mine, Refah and Export Development banks have traveled to China to seal a deal with the value of 10 bn dollars in the form of financing construction and manufacturing projects in Iran.

Also Iranian delegate is going to pay a visit to CITIC TRUST Company's officials and a set of Chinese banks.

Moreover, Iranian delegate in a separate meeting will ink a MOU with China's Development Bank on financing construction and manufacturing projects worth 15 billion euros.

It is worth noting that on the meeting, brokerage relationships, banking information exchange, settlement and transfer of money to China and out of it, Iranian companies' problems and their solutions will be discussed. It is expected after talks the finance agreement will be operated by Bank of China.

Furthermore, Central Bank's Governor, Valiollah Seif, and Iranian delegate are going to visit China's Exim Bank's officials to talk about finance ceiling and new options for financing construction and manufacturing projects.

Accordingly, Iranian delegate will have a meeting with China Banking Regulatory Commission. On the meeting, Iran's Central Bank's supervision duty and China Banking Regulatory Commission's supervision duty will be discussed.


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