Required Capital to Establish Foreign Banks in Free Zones Reduced to €100m


TEHRAN (CBI PR dept) – The Money and Credit Council decreased the minimum capital requirement for the establishment of foreign banks in free zones from €150m to €100m.


In order to facilitate the presence and activities of credible banks with adequate and efficient capital to carry out foreign banking operations in the free zones, the Money and Credit Council set the minimum required capital. These banks must be capable to compensate probable losses, cover risks and have sufficient lending capacities.

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