TEHRAN, Sept. 30 (Alsharqiya) - The head of the Iranian private banks association, Korosh Berwizian, announced that a private Iranian bank has issued the necessary licenses to open seven branches in Iraq as part of a policy aimed at supporting Iranian exports to Iraq. In a speech carried by Iranian media, Berwizian said that the Iranian bank has issued the necessary licenses to open seven branches, with two branches having been opened, with a capital of $ 50 million each. The Iranian official did not disclose the name of the bank, and stressed that the Association is ready to form an association to finance export projects, such as technical and engineering services for Iraq.
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