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Iran, Germany ink agreements on banking facilities

Tehran, Dec 18, IRNA -- Seven agreements on banking facilities worth dlrs 1.8 billion have been signed by Iran's banking system and seven German commercial banks.

According to a report released by the center for analysis of Iran's economic developments on Saturday, some dlrs 1.514 billion worth of the relevant banking credits was still unused by the end of this summer.

It added that the relevant documents were inked within the framework of the second and third national development plans.

The agreement on the highest credit worth dlrs 4.96 billion signed with the German ING-BHF bank, of which dlrs 469 million dollars was used up to the end of this summer.

Meanwhile, the German HVB bank ranked second by inking an agreement on financing Iranian banking system with a dlrs 1.24 billion worth credit, of which dlrs 916 million has already been used.

The document signed with Germany's DZ bank covered a credit of dlrs 620.115 billion.

... Payvand News - 12/18/04 ... --

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