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11/17/06

Iran Central Bank chief hails good coop with European banks

Frankfurt, Nov 17, IRNA-Iran's Central Bank Governor Ebrahim Sheybani on Friday praised the good cooperation between European and Iranian banks. Talking to IRNA on the sidelines of the 16th Banking Congress in Frankfurt, Sheybani said, Bilateral cooperation with many European countries including France was good.

He added, "Our partners and counterparts in Germany are among those banks in the world which have very good relations with Iran and they are continuing these historic ties." Sheybani noted that he led useful talks with the heads of German banks.

He went on to say that the Iranian delegation was also scheduled to hold talks with other European banking heads and representatives.

Pointing to outside pressure on some of the European banks to limit their cooperation with Iran, Sheybani said, As a whole European banks have strong relations with Iran and there are ongoing talks to push this cooperation even further.

Sheybani dismissed US efforts to press international banks to restrict banking links with Iran, saying banks based in independent countries, usually act also independently and take into account their interests and long-time ties with Iran.

We held talks with French and German banking officials and they have stressed that they want to continue this relationship. They also vowed that no problems will be created for us in this regard, he added.

Sheybani acknowledged that there had been minor problems with some European banks like one bank in Switzerland but said that this did not cause any problem as whole for Iran's cooperation and links with other foreign banking partners.

Asked about rumours on imposing restrictions on the Hermes export credit insurance coverage, Sheybani replied, "We did not have talks with Hermes officials but what is important, are the German banks. If bilateral financial transactions are going smoothly, then insurances will also follow suit."

Iran's Central Bank Governor termed positive his country's presence at this year's banking confab in Frankfurt.

"The congress gave us the chance to express our stance that we are pursuing friendly relations. Furthermore, this meeting enabled us to hold talks with those banking experts and officials who have visited our country.

Sheybani and his delegation arrived in Frankfurt earlier in the week to also attend the 9th European banking and insurance conference in Frankfurt, titled '9th Euro Finance Week'.

With more than 450 speakers and 10,000 visitors from over 60 countries, the Euro Finance Week is one of the largest congress and trade fair events of its kind.

Over 30 symposia with more than 150 panel discussions and workshops, the five-day event covers current issues in the finance and insurance industries.

Speakers included German Chancellor Angela Merkel, Czech President Vaclav Klaus, French Trade Minister Christine Lagarde and the vice-president of the European Bank, Lucas D. Papademos.

The conference highlights include international financial and economic policy congresses such as the Frankfurt European Banking Congress and the Congress on Central and Eastern Europe.

Symposia such as the Euro Debt Market Conference, the Conference on Anti-Money Laundering and the Islamic Banking Conference are addressed to experts worldwide, inviting them to join in an exchange of opinions on current developments.

The array of information on offer for IT services is rounded off by the European Banking and Insurance Fair (EBIF), Europe's largest leading technology trade fair for banks and insurance companies.

Around 250 exhibitors use the EBIF every year as a platform to inform more than 7,000 professional visitors of their latest products and services.

... Payvand News - 11/17/06 ... --



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