Baku, Azerbaijan, Feb. 3
By Kamyar Eghbalnejad – Trend:
Agriculture Bank of Iran has seen a huge growth in its ties with the foreign counterparts over the past two year.
“Agriculture Bank of Iran has established corresponding ties with 93 partners in 60 countries across the globe following the implementation of the nuclear deal in January 2016,” the newly-appointed CEO of Agriculture Bank of Iran, Ruhollah Khodarahmi, told Trend.
The number of the corresponding partners of the country’s specialized bank before removal of sanctions on the Islamic Republic stood below ten, he added.
Under the nuclear deal between Iran and six world powers, the Islamic Republic agreed to curb its nuclear program in exchange for sanctions relief.
The westerners removed most of nuclear related sanctions on Iran but the leading European banks still appear reluctant to do business with Tehran due to concerns over running afoul of the US regulations.