Global Business in Iran Database

In-depth metrics and analysis of Iran's international economic partnerships.

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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.

 

 

 

 

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