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News ID: 4842
Asia » Asia
Publish Date: 15:02 - 16 August 2014
Tehran, YJC. Asgar Oladi says he is seeking to launch a non-governmental bank with China.

Head of Iran Commerce Chamber said "Chinese banks still have functionality for Iran under sanctions. But banking problems are not wholly resolved yet and only one Chinese bank works for Iran under sanctions. But we ask the Chinese to allow Iran the transfer of money and finance in large scales, something which hasn’t been granted yet.”

Pointing to Iran’s Minister of Economic Affairs and Finance recent trip to China, Assadollah Asgar Oladi said "Increasing oil purchase and resolving banking problems were discussed in that trip, but nothing has turned operational yet.”

Providing comments on the establishment of an Iranian bank in China he said "The Central Bank did not pursue the case while I have personally suggested to the Central Bank President and have stated ready to step forward for negotiations with the Chinese.”

Pointing out that the Central Bank President does not predict the Chinese counterparts willing to cooperate with Iran in launching the bank he said "I will collect the bank’s capital from individuals such as tradesmen. Of course the bank must not be a governmental one so that under sanctions the West will not be able to restrict it. The government has only to grant the certificate.”

"The Chinese law allows foreigners to hold bank shares only up to 15 percent. But we can improve the number through negotiations. But the problem is that the Central Bank does not allow such talks,” Asgar Oladi maintained.

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