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EghtesadOnline: A high-level Iranian economic delegation met with top executives of Bank Sohar, Oman’s fourth largest bank by assets, in Muscat on Thursday to explore ways to step up bilateral ties.

The meeting was co-chaired on the Iranian side by the head of Iran-Oman Chamber of Commerce, Mohammad Amin Sabbaghzadeh, the chamber’s website reported. It covered discussions to agree on procedures to open bank accounts, transfer foreign currency, offer credit lines and issue letters of guarantee. Sabbaghzadeh noted that banking links are key to the development of Tehran-Muscat relations, appealing for strengthened cooperation between the two countries’ lenders.”Bank Sohar has had a high level of cooperation with its Iranian peers and the situation is ripe for the expansion of this cooperation,” Financial Tribune quoted him as saying.

 

Iran Banking Ties With Oman Bank Sohar