KDB and Bank Mellat Sign MOU
Among many outcomes of the Economical trip of President “Park” of South Korea to Iran, one of the banking MOUS’s has welcomed by many trading and industrial companies.
According to official media of Iran and South Korea, Managing director of Iranian Bank Mellat and S. Korean Development Bank (KDB) have signed a MOU on Tuesday May 3rd 2016, to boost mutual banking cooperation.
During the ceremony, Managing Director of Bank Mellat Ali Rastgar hoped that signing of the deal would usher in a new chapter in mutual cooperation for upgrading the level of the two countries’ ties to that of 2011. Bank Mellat as the biggest Iranian bank is ready to transfer technology from KDB to the country and supports relevant projects, he said.
Noting that Iran is a suitable market for investment and South Korea can benefit from it, Rastgar said that: “Following the implementation of Joint Comprehensive Plan of Action (JCPOA), Bank Mellat endeavored to pave the way for economic activists”. For the same purpose, It convened various meetings with governors of other countries’ banks, he said.
South Korean economy stands fourth in Asia and the 13th in the world, he said, the two banks’ exchanges stood at 17 billion dollars in pre-sanctions era. In this respect, Rastegar also confirmed that: “‘We are trying not only to promote the level of exchanges to that of past but also to transfer technology to the country”
for his part, The Managing Director of KDB “Lee Dong Geoul“, said that: “The KDB bank has been established in 1954 and is fully state-run”
He also said that: “Signing of the MOU is a win-win deal for the two banks”
