Iran receives €18 million in loans from ECObank

Business Materials 25 December 2012 11:02 (UTC +04:00)

Azerbaijan, Baku, Dec. 25/ Trend G.Mehdi/

ECObank has paid €18 million in loans for establishing a wastewater treatment plant in the city of Shahriyar, near Tehran, the Mehr News Agency quoted Tehran Water and Wastewater Company's managing director Mohammad Parvaresh as saying.

Considering that Tehran Province's population will reach 11 million by 2021, some 9,000 kilometers length of wastewater collection pipeline should be established, he added.

Ecobank, whose official name is Ecobank Transnational Inc. (ETI), but is also known as Ecobank Transnational, is a pan-African banking conglomerate, with banking operations in 30 African countries.

It is the leading independent regional banking group in West Africa and Central Africa. It also maintains subsidiaries in Eastern Africa, as well as in Southern Africa. ETI has representative offices in Angola, China, Dubai, France, South Africa and the United Kingdom.