Global Business in Iran Database
In-depth metrics and analysis of Iran's international economic partnerships.
Iran and Venezuela Found Joint Tehran-Based Bank
description
Iran and Venezuela inaugurated a joint banking venture in Tehran on August 3, 2009 with a $100 million invetsment by each state. The project, whose financial backing is scheduled to increase to $1.2 billion, is intended to finance joint development projects. It is overseen by Bank Saderat Iran.
- Country: Venezuela
- Client: Bank Saderat
- Contractor: Iran-Venezuela Joint Bank
Status
- Current Status:
- Discussion Date:
- Contract Date: Thu, 2008-06-19
- Completion Date: Fri, 2009-04-03
Citation
1. "Iran, Venezuela to Launch Joint Bank." Fars News Agency. June 19, 2008. Available at http://english.farsnews.com/newstext.php?nn=8703300457.
2. "Iran, Venezuela launch joint development bank," Associated Foreign Press, April 3, 2009, available at: http://www.google.com/hostednews/afp/article/ALeqM5iskmQ6xtdC4Ebzc799pWY....
3. "Iran-Venezuela launch bank," Gulf Daily News, April 4, 2009. Available: http://www.gulf-daily-news.com/NewsDetails.aspx?storyid=247317
All projects by Iran-Venezuela Joint Bank
| Country | Contractor | Project Name | Amount (Current Dollar Value) | Last Action |
Status |
||
|---|---|---|---|---|---|---|---|
| Iran-Venezuela Joint Bank | Iran and Venezuela Found Joint Tehran-Based Bank | $200 million |
04/03/09 |
Completed |