NO. 23


Financial and Banking News

Regional Banking

Hermes Resumes Cover For Iranian Risk With DM150Mn Facility

Hermes, the German export credit agency, has resumed short-term and mediumand long-term cover for Iranian risk, but German bankers are describing the newfacility as a "gesture" which is too small to have any commercialimpact. The interministerial committee which determines Hermes' policy approvedthe DM150mn ($102mn) facility on 17 February, having received a...