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Category: BANK

Foreign Banks Branches in Iran

The Central Bank of Iran (CBI) announced that foreign banks can apply for a license to establish their branches in Iran with at least 5 million euros in capital.In a recently-published circular, the CBI has clarified the instructions for establishing, operating and closing the branches and offices of foreign banks in Iran.

The foreign banks can set up two types of branches. The capital needed for the establishment of the first-type branch is at least 10 million euros and 5 million for the second-type branch, according to the announcement. ادامه نوشته