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Islamic Finance Briefing - Categorized | Banking, Finance more

IDB to grant EUR46mln loan to Iranian banks

Posted on 29 October 2009

From Presstv.ir: The Islamic Development Bank (IDB) has agreed to grant four Iranian banks a total of €46 million ($68 million) in shot-term facilities.

Ahmad Jamali, an official with Iran’s Ministry of Economy and Finance, said on Wednesday that the Jeddah-based bank is to extend €15 million to the Bank of Industry & Mines, €15 million to Bank Melli Iran, €10 million to Bank Parsian and € 6 million to Bank Karafarin………………………Full Article: Source

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