Baku, Azerbaijan, June 1
By Fatih Karimov - Trend:
A delegation from Iran's Sina Bank is in Turkey to seek the grounds to boost cooperation with Turkish banks, ISNA news agency reported June 1.
The delegation headed by Mohammad Reza Saroukhani, the bank's deputy managing director for Finance and International Affairs has held separate talks with heads of Turkish Halk, Ziraat and Aktif banks during the visit.
The Iranian banking delegation briefed the Turkish counterparts about Sina Bank's purposes and its strategy to boost activities in the international area.
Establishing correspondent banking relationships between the Iranian bank and the Turkish banks also discussed in the meetings.
Sina Bank is a private banking establishment offering retail, commercial and investment banking services. The company was established in 1985, and privatized in 2007 as a part of the government's privatization of the banking system.
In 2010, the bank came under European Union sanctions against Iranian banking institutions.
The international banking sanctions against Tehran was removed last January as the nuclear deal between Tehran and the six world powers came into force.