VOL. XLII

No. 36

6-September-1999

IRAN

New Credit Lines To Iran Of Over $1Bn

Italian bank Mediocredito announced on 31 August that it hadestablished a credit line worth $1bn to support Italian exports to Iran. Thecredit line will be offered by Mediocredito in conjunction with BancaCommerciale Italiana and will be extended through five Iranian banks BankMellat, Bank Melli Iran, Bank Saderat Iran, Bank Sepah and Bank Tejarat.According to Mediocredito, 20% of the credit will be allocated to...