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Iran attracts over $7B finance via 3 foreign banks

Business Materials 8 January 2017 12:41 (UTC +04:00)

Baku, Azerbaijan, Jan. 8

By Fatih Karimov – Trend:

The Central Bank of Iran (CBI) has attracted $7.2 billion finance through three foreign banks, Gholamali Kamyab, deputy governor of the CBI for foreign exchange affairs, said.

The value is equal to 72 percent of the planed $10 billion foreign finance, Kamyab said, the CBI reported.

Kamyab further said that the CBI has held intensive talks with the Export–Import Bank of China, Italy’s Mediobanca and Denmark’s Danske Bank in this regard.

The signed deals mainly will be materialized during the current year, he said, forecasting that attracted finance will even surpass the defined $10 billion.

Earlier, Ahmad Jamali, director general of the Foreign Investment Office at the Organization for Investment, Economic and Technical Assistance of Iran said that the Iranian administration has authorized $9 billion in foreign direct investment during the first nine months of current fiscal year (started March 20, 2016).

He said that almost 10 percent of the aforementioned funds will be attracted by March 2017.

Foreign investors are mainly interested in renewable energy projects, Jamali added.

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