VOL. XL

No. 28

14-July-1997

IRAN

Société Générale And Iran In New Trade Financing Deals

Société Générale of France announced last week that in June it had signed amedium-term $500mn trade financing agreement with five Iranian state-owned commercialbanks Bank Mellat, Bank Melli Iran, Bank Saderat Iran, Bank Sepah and Bank Tejarat.Société Générale said in a statement that "this agreement allows the setting upof loans insured by Coface [the French export credit agency] for a period of up to 10...