IBENA- Abroad, the largest foreign network in field of banking belongs to Bank Melli, the CEO of Bank Melli stated. This morning, financial memorandum of plan of Construction of Shahid Nader Mahdavi oil reservoir in Hormozgan in the presence of Javad Owji, petrolium Minister, was signed between Jalil Salari, CEO of National Iranian Oil Refining and Distribution Company, and Mohammad Reza Farzin, CEO of Bank Melli.
Bank Melli Iran will invest 90 million Euros in this project and this project will be the beginning of Bank Melli participation in implementation of other projects in oil industry, Farzin said at the ceremony. Bank Melli Iran intends to have a more effective presence in Rial and foreign exchange financing of energy sector, especially oil sector, this year and coming years, and we are currently negotiating in other areas of Petroleum Ministry to participate in financing their projects. He emphasized: Due to wide banking network abroad and domestically, we have the ability to finance both Rials and foreign currency in Bank Melli, he added.
Accordingly, Bank Melli has many branches in London, Russia, UAE, Iraq, Germany and various cities along Persian Gulf. Enshaallah, we also plan to be present in China, Brazil and India soon and develop abroad, he added. Referring that we can even turn abroad branches into hub (center) for attracting foreign investment for the country, he stated: We have started this measure up in a Russian bank by authority of Russian Central Bank, where Iranian and Russian investors to be able to exchange different ideas and contracts. Therefore, we have preparedness to help the country's economy in attracting foreign investment and use the capacities of our country.
