Following the implementation of the Joint Comprehensive Plan of Action (the formal name of Iran’s nuclear accord with world powers) that helped Iran’s banking system resume correspondent relations with foreign lenders, Bank Day has taken measures to make the most of this opportunity, the bank’s CEO announced.

Facilitating foreign financing has been among the top items on Iranian President Hassan Rouhani’s agenda since the signing of the nuclear deal in 2015. Under the current circumstances, with domestic lenders grappling with a credit crunch, the best alternative appears to be embracing foreign capital to help boost economic output.

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