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Private banks ready to support engineering services exports to Iraq

“According to the official, to support exports to the Iraqi market, five branches of an Iranian private bank have obtained operating licenses from the Iraqi Central Bank, and two branches are already set up, each with $50 million of capital” reports tehrantimes.com. The two countries are following up plans for increasing their bilateral economic trade to over $20 billion.TEHRAN – The head of Iran’s Association of Private Banks and Credit Institutions announced their readiness for financial support of exporters of technical and engineering services to Iraq, IRIB reported on Sunday. “Some projects by Iranian exporters of technical and engineering services to Iraq require financing, which we are prepared to provide them as consortiums, that is a combination of our own resources and those of our associated banks,” Koroush Parvizian said in a conference on financing exports to Iraq on Saturday.
 
Source: tehrantimes.com



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