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Big European banks establish brokerage relationship with Iranian banks

The Managing Director of the Export Development Bank of Iran says that over time and unlike the beginning of the nuclear deal, big European banks are establishing their banking relationship with various Iranian banks.

(SHADA: TEHRAN) -- At the beginning of the JCPOA, banking relationships were established with small and medium-sized banks, but now big banks in the world are seeking to connect with the Iranian banking network, Saleh Abadi added.

Banks such as Belgium’s KBC and Austria’s Oberbank are among the leading banks in this field, and even the Deutsche Bank of Germany now accepts Iranian customer orders, he continued.

According to Saleh Abadi, the Export Development Bank of Iran has brokerage relationship with 124 foreign banks.