Jan 30, 2016, 12:09 PM
News Code: 81941150
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Iran, French credit insurer ink agreement

Tehran, Jan 30, IRNA - Central Bank of Iran (CBI) and French credit insurer Coface inked a cooperation agreement on Saturday.

The agreement was inked during the visit of Iranian President Hassan Rouhani to France.

The agreement would pave the ground for expansion of mutual trade cooperation.

Meanwhile, Governor of the Central Bank of Iran Valiollah Seif in a meeting with his Italian counterpart Ignazio Visco in Rome last week said that facilitation of banking agent interaction between the two countries led to signing MoU on increasing insurance coverage of SACE to more than 6 billion euros to CBI.

He urged the Italian Central Bank to cooperate with its Iranian counterpart in the drive to play a more important role in the post-sanctions era in order to facilitate implementation of economic and trade agreements.

Visco welcomed the agreement with SACE which was signed during President Hassan Rouhani's visit to Rome on Wednesday and assured Seif of the support of Central Bank of Italy to help relations between Iranian and Italian companies.

Italian insurance agency Servizi Assicurativi del Commercio Estero (SACE) has announced its readiness to cover Tehran-Rome deals.

SACE offers a complex range of instruments for credit insurance, investment protection, the provision of sureties and financial guarantees. The insurance includes economic-financial, managing and funding the loan.