Jan 25, 2016, 7:18 PM
News Code: 81935345
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BMI, Int'l Persia Bank to resume activities in Britain

London, Jan 25, IRNA – The London-based daily Times in its Monday edition wrote that Bank Melli of Iran (BMI) and International Persia Bank have been issued license from the Bank of England in post-JCPOA era and will soon begin banking functions.

The BMI and the International Persia Bank are now negotiating with the HM Treasury and Financial Services Authority (FSA) for resuming their activities, the report said.
The two Iranian banks were respectively sanctioned in 2008 and 2010 and began negotiations with British authorities for reopening a year ago.
The British officials now wish to make sure that these two Iranian banks have the sufficient monetary funds for resuming banking functions, wrote The Times.