Uncertainty remains over Swiss BCP bank co-op with Iran
Baku, Azerbaijan, May 31
Uncertainty about the cooperation of Swiss lender "Banque de Commerce et de Placements" (BCP) with Iran continues as an Iranian source rejected reports on halting transactions.
Iran’s semi-official Fars news agency quoted an “informed governmental source” as saying the bank has resumed cooperation with Iran.
BCP suspended transactions with Iran after the US President Donald Trump’s pullout from the nuclear deal on May 8, the source said, adding that the bank resumed cooperation with Iranian companies from May 25.
Currently Iranian oil companies can transfer money via cooperation with BCP, the source said.
On May 29, Reuters said that the Swiss lender has suspended new transactions with Iran and is winding down activities with the country after the US withdrawal from the nuclear deal signed between Tehran and six world powers in 2015.
“We have suspended any new transactions related to Iran after May 8, 2018 and started the ‘wind down period’ within the framework of OFAC announcement,” the bank said in a emailed statement to Reuters.
Trump’s withdrawal from the accord on May 8 was announced in tandem with the re-imposition of US sanctions within 180 days, prompting several European companies to announce their exit from Iran.