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News number: 8805281113

15:33 | 2009-08-19

Economy

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Iranian Banks to Run Activity in Belarus

TEHRAN (FNA)- Three Iranian banks in a joint measure are due to establish a bank in Belarus, Managing Director of Iran's Exports Development Bank Kourosh Parvizian announced on Wednesday.



"Iran's Exports Development Bank, in cooperation with Bank Saderat and Bank Refah-e-Kargaran, is due to establish a joint bank in Belarus," Parvizian added, addressing a meeting dubbed as 'Exports, Opportunities and Challenges' here in Tehran today.

Iranian Minister of Finance and Economic Affairs Shamseddin Hosseini had earlier informed of the country's plans for developing banking ties with other states.

Stating that other countries are also due to set up banks or open branches in Iran, the minister reiterated that Iran will help them develop banking ties with the Islamic Republic.

Elsewhere, the minister noted the country's economic progress and said, "We have achieved success in the field of taxation as over 110 percent of the projected figure has been collected without even the slightest pressure."