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Spain Ares Bank calls for expansion of ties with Iran Exim Bank

Tuesday, Feb 27, 2018

Managing Director of Ares Bank of Spain visited Iran with the aim of developing inter-bank relations, and announced his bank’s readiness to grant a 100 million euro credit line to Iran.

(SHADA: TEHRAN) -- In a meeting with Ali Saleh Abadi the managing director of Iran Export Development Bank, Luis Casado the managing director of Ares Bank called for the creation of an atmosphere to expand business interactions with Iran's Exim Bank.

The managing director of Ares Bank further said that the trade relations of the Ares Bank with Iran and other countries of the MENA region are of great importance.

He expressed his readiness to continue cooperation in transferring funds, documentary credits, and warranties between customers of two banks in Iran and Spain.

Saleh Abadi, for his part, described the services of the Iranian Export Development Bank and the capacity of the two countries to use the refinance lines for short-term financing.

He also emphasized the joint activities in the field of international banking and the development of interactions between the two banks.


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