No. 31

3 August 1998


Italian Bank Mediobanca Extends Credit Line Of $1.2Bn To Iran

Following two days of official talks held on 25-26 July in Tehranbetween the Italian Foreign Trade Minister, Mr. Augusto Fantozzi, and the Iranian Ministerof Mines and Metals, Mr. Eshaq Jahangiri, Mr. Fantozzi announced that the Italian bankMediobanca will extend a credit line of $1.2bn to a consortium of six Iranian banks. Thecredit line will be used to finance Iranian-Italian trade and forms part of...