...

Newly established Iranian bank taps into swift system

Business Materials 28 September 2013 18:05 (UTC +04:00)

Azerbaijan, Baku, Sept. 28 / Trend N. Umid/

Newly established Iranian private Khavarmiyaneh bank has tapped into swift system, deputy head of Central Bank of Iran, Akbar Komijani said, Iranian Jahanesanat newspaper reported.

He went on to note that, the Bank has announced that it will offer services for food and drug imports.

During last days some Iranian media outlets informed that the sanctions imposed on Iran by SWIFT may be lifted citing informed source from Iran's Central Bank.

Managing-Director of Iran's Tose-e Saderat Bank, Bahman Vakili said on Sept. 16 that his bank will start talks with EU bank officials to re-establish the SWIFT link between the two sides.

"We will negotiate with them on the re-establishment of SWIFT (the financial messaging provider for more than 10,000 banking organizations, securities institutions and corporate customers) connections after the EU court issues its final verdict," Vakili told reporters in Tehran.

He said his Bank is now waiting for the EU court's final verdict after it ruled in favour of Tose-e Saderat Bank in its initial ruling and called on the European countries to provide it with strong evidence to substantiate their claim that the Bank has acted against the international laws and has helped Iran's peaceful nuclear program.

He added that since the EU members seem to have no corroborative evidence to substantiate their claims against the Bank, the court's final verdict will certainly be issued in favour of the Tose-e Saderat Bank, similar to what happened to Iran's Bank Mellat earlier this year.

Earlier this month, the European Union's top court thrown out sanctions imposed against eight Iranian banks and companies for their alleged ties to Iran's nuclear energy program.

The European Court of Justice in Luxembourg ruled that there was not sufficient evidence to justify the unilateral sanctions imposed by the bloc on the Iranian entities.
In January, Managing-Director of Bank Mellat (the largest private bank in Iran) Ali Divandari announced that his bank has been removed from the EU's sanctions list.

Latest

Latest