VOL. XLI
No. 47
23-November-1998
IRAN
Mediobanca $1.2Bn Credit Line To Iran Pending SACE Approval
Italys Mediobanca announced on 17 November that the future of itscredit line of $1.2bn to Iran depends on the issuing of a guarantee from Italysexport credit agency SACE. An agreement was signed earlier in the year between Mediobancaand six Iranian banks Bank Melli Iran, Bank Sanat va Madan, Bank Saderat Iran, BankMellat, Bank Sepah and Bank Tejarat (MEES, 3 August) to provide a creditline to...
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