Iran banks eyeing to open branches in Indonesia
Tehran, Iran, May 20
By Mehdi Sepahvand - Trend:
Two Iranian banks are interested in opening branches in Indonesia or buying shares from some Indonesian banks, said Iran's Economy Minister Ali Tayebnia.
He said the banks are the Parsian and Saman, IRNA news agency reported May 20.
Tayebnia made the remarks in Jakarta, Indonesia, on the sidelines of an Islamic banking officials meeting.
The Iranian minister also met Indonesia's vice president, as well as minister of finance, and discussed the ways to improve bilateral economic cooperation.
Iranian Ambassador to Indonesia Valiollah Mohammadi Nasrabadi has recently said that banking issues are the most challenging hurdles on the way of the Iran-Indonesia ties.
Iran-Indonesia trade turnover was $2 billion 2011, but declined after sanctions were imposed on Iran.