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ECO bank agrees to support projects in Iran

Business Materials 10 October 2017 11:38 (UTC +04:00)

Baku, Azerbaijan, Oct.10

By Khalid Kazimov – Trend:

The Central Bank of Iran has signed a cooperation agreement with ECO Trade and Development Bank for expansion of cooperation in the banking sector.

The agreement is expected to device regulations of the activity of the representative of ECO bank in Iran, Iranian media outlets reported.

Senior Iranian bankers and officials from the ECO bank inked the agreement on Monday in Ankara as part of the recent visit by Valliolah Seif, the governor of the Central Bank of Iran, to Turkey.

The secretary-general for international affairs of the Central Bank of Iran, Hossein Yaqoubi, and Burhanettin Aktas, Vice President of ECO Bank were the signatories of the agreement.

The agreement is expected to facilitate allocating finances to development projects in Iran.

Cooperation with ECO Bank is also capable of boosting trade ties with the member states of Economic Cooperation Organization (ECO).

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