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EghtesadOnline: With the aim of expanding banking correspondent relations to support foreign trade, Bank Melli Iran has succeeded in establishing correspondent ties with Brazilian banks, the lender’s deputy for foreign exchange and international affairs announced, without disclosing the names of Brazilian banks.

“BMI is now fully ready to offer the services required by those active in foreign trade with Latin America,” Gholamreza Panahi was also quoted as saying by the official news portal of the bank. About three weeks ago, Brazil’s ambassador to Iran had said Iranian banks face no restrictions in forming correspondent ties with Brazilian banks or applying to open a branch in the Latin American country, while adding that a Brazilian bank will soon commence work with Iran without naming it, Financial Tribune reported.

 

Bank Melli Iran Iran Brazil banking