Code: 535915 A

Central Bank of Iran (CBI) and China Development Bank (CDB) sealed MoU on banking cooperation.

The MoU was signed with the attendance of CBI Governor Valiollah Seif and managers of CDB.

The MoU comprised of two sections one of which deals with financing Iranian civil and production projects by Chia up to $ 15 billion.

The second section deals with cooperation between CBI and CDB in technical issues, banking relations, training human sources and exchange of technical information.

Meanwhile, China CITIC Trust Company signed ten-billion dollar with Iran Bank Refah Kargaran, Bank of Industry and Mine, Parsian Bank, Pasargad Bank and Export Development Bank of Iran on Thursday in Beijing.

CITIC Trust Co., Ltd. is a Chinese investment management company, with license to create private equity fund (as trust).

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banking cooperation
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