The banks made a formal request to the Central Bank of Iran (CBI) about 20 days ago to establish a branch in the country, the Jaam-e-Jam newspaper quoted an informed source as saying.
“If the CBI approves their request, these four banks will set up a temporary branch in an Iranian free trade zone,” the source told Jaam-e-Jam, without revealing the names of the other two banks.
“If they can work according to Iran’s banking law, they will be allowed to open branches in Tehran and other cities.”
