Financial and Banking News

Regional Financing

German Companies Reach Agreement With Iran On ReschedulingDM1.1Bn

Representatives of some 850 German companies were expected to sign a finalagreement by mid-October to reschedule DM1.1bn in overdue Iranian credits. Theagreement, which was initialed in Germany during the last week of September,covers facilities which are not backed by the German export credit agencyHermes. The credits have been divided into three...