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Three Foreign Banks to Open in Iran, Central Bank Official Says

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Three foreign banks are opening up representative offices in Iran as the country seeks to boost investment after reaching an international sanctions deal last year, a central bank official said.

Oman’s Bank Muscat SAOG, Woori Bank of South Korea and India’s UCO Bank Ltd. are all in the process of establishing a presence in Tehran, Central Bank Vice Governor Peyman Ghorbani said Tuesday in an interview. He declined to give further details.

Source: Three Foreign Banks to Open in Iran, Central Bank Official Says – Bloomberg

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