Three Afghan banks intend to open branches in Iran’s Chabahar
Baku, Azerbaijan, Jan. 31
By Elnur Baghishov – Trend:
Three Afghan banks have requested opening a branch in Iran's Chabahar Free Trade Zone, Gholamreza Panah, Deputy Economic and Investment Officer of the Chabahar Free Trade Zone in Iran’s south-eastern Sistan and Baluchestan Province, told IRNA, Trend reports.
According to Panah, the branches of these banks will begin operating after the Central Bank of Iran provides license, and that there are no restrictions on the opening of the branches of and investment by foreign banks in the Chabahar Free Trade Zone.
"Work on the opening of the branch of Afghanistan’s Gazanfar Bank is nearing completion," he said.
Panah noted that more than 160 Afghan companies operate in the Chabahar Free Trade Zone. Companies interested can also register and soon begin operating, he added.
"More than 3,000 investment companies have been registered in this zone, and the company registration process has been reduced to 48 hours," he said.
According to Panah, the Chabahar Free Trade Zone is one of the best places for economic and trade activities, and most Iranian banks have branches operating there.