Foreign branches of Iran Melli Bank working smoothly - official

Business Materials 3 July 2018 14:38 (UTC +04:00)

Tehran, Iran, July 3

By A. Shirazi - Trend:

Mohammad Reza Hosseinzadeh, the head of the Association of State-Owned Banks of Iran, said that all branches of Bank Melli in foreign countries continuing their normal work.

“All activities in foreign branches of Bank Melli are going ahead smoothly (despite Washington’s pullout from the 2015 nuclear deal between Tehran and world powers),” Hosseinzadeh said, according to the official website of the bank on July 3.

He added that all banking services are being provided to business activists, importers, exporters and clients in the branches.

The head of the Association of State-Owned Banks said US President Donald Trump’s decision to leave the nuclear agreement has not affected the activities of the banks.

“Europe currently continues its cooperation with Iranian banks and supports the banks’ activities,” Hosseinzadeh said.

Trump announced on May 8 that Washington was walking away from the nuclear agreement, officially known as the Joint Comprehensive Plan of Action (JCPOA), which was reached in 2015 between Iran and the five permanent members of the UN Security Council - the United States, Britain, France, Russia and China - plus Germany.

Trump also said he would reinstate the US nuclear sanctions on Iran and impose "the highest level" of economic bans on the Islamic Republic.