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Bank Melli Iran denies reports about internet cut off in Hamburg branch

Finance Materials 25 November 2018 14:18
Bank Melli Iran has denied reports about telephone and internet cut off by the Deutsche Telekom in its Hamburg branch, due to failure in subscription payment.
Bank Melli Iran denies reports about internet cut off in Hamburg branch

Tehran, Iran, Nov.25

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Bank Melli Iran has denied reports about telephone and internet cut off by the Deutsche Telekom in its Hamburg branch, due to failure in subscription payment.

The Bank said it has already paid for its telephone and internet subscription fees in advance, IRNA reported.

Handelsblatt newspaper reported that Deutsche Telekom has cut off telephone and Internet access for the German branch of Bank Melli Iran. According to the report, the company pointed out that as a result of the recent US sanctions against Iran, Bank Melli could no longer afford to pay.

The newspaper quoted bank CEO Helmut Gottlieb saying "We are now almost paralyzed.”

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