Karafarin Bank & South Korean Exim Bank Sign Cooperation Agreement

The biggest foreign finance agreement in post JCPA, with an eight million Euro credit line was signed between Karafarin Bank and K-Exim Bank, in Seoul.

The biggest foreign finance agreement in post JCPA, with an eight million Euro credit line was signed between Karafarin Bank and K-Exim Bank, in Seoul.
According to the Public Relations of Karafarin Bank, this agreement which was signed in September 2017, is to create grounds for financing domestic projects. Karafarin Bank has announced its readiness as one of the twelve correspondent banks which have signed this agreement with South Korea’s Exim Bank, to finance the related projects.
This agreement is to provide finance for a number of private and public sector Iranian projects worth eight billion Euros (equivalent total billion US Dollars). Repayment period is ten maximum ten years.
The CBI received a draft of this agreement from Exim Bank after the unjust sanctions against Iran had been lifted. This draft was then reviewed by the Organization for Investment Economic & Technical Assistance of Iran and correspondent banks. The agreement was signed after much negotiations and numerous meetings.
Customers may obtain complementary information on the means of applying for these loans by contacting the International Affairs Department of Karafarin Bank on: +982188550643 and +982188513721.

Sep 17, 2017