Middle East Economic Survey

VOL. L

No 32

6-August-2007

IRAN

Deutsche Bank Closes Retail Business In Iran

Germanys biggest bank, Deutsche Bank, said on 31 July that it was closing its retail customer business in Iran. A bank spokesman said we have informed our private customers in Iran that we have closed our business, and explained that international regulations and sanctions had made the business untenable. Deutsche Bank declined to comment on what it would do with its euro-clearing business in...