• 26 December 2017 - 16:53
  • News Code: 79615
اگزیم بانک

CEO of Export Development Bank of Iran said a finance contract has been signed between four Iranian banks and EXIM Bank of Russia.

Ali salehabadi said the contract's amount is without any limitations and could be used by two-side's agreement, plus the duration for each project's construction is between 3 to 5 years and each project's repayment period is 10 years.

"Earlier, the Export Development Bank of Iran in the line with facilitating international trade exchanges and helping purposeful foreign finance in the country, had inked some finance contracts with EXIM Bank of South Korea, China's CITIC Trust and Austria's Oberbank which are significant, but the contract which has been signed with EXIM Bank of Russia today is unique in terms of two countries' approach to daily increase of strategic development in various fields such as economy", he said.

He went on to say that Iran and Russia's trade volume in recent years shows two nations' macro strategy and determination for developing cooperation in trade sector have improved tangibly so that two countries' commercial exchange volume has increased significantly in recent years.

Ali salehabadi made the remarks that although the growth rate is really promising, there is still distance with the ideal and deserved level of two countries' capacity: therefore, facilitating and strengthening required infrastructure for developing economic relations and empowering private sectors' activists in myriad aspects such as financial area to have serious participation in two countries' export markets is very important.

It is worth noting that signing the finance contract between Iranian banks (Export Development Bank of Iran, Sepah, Parsian and Pasargad banks) and EXIM Bank of Russia is considered as a remarkable step to enhance bilateral collabortaion.

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