Majlis to Decide on Opening ECO Bank's Office in Tehran

April 7, 2021
banking

T he Rouhani administration has submitted a bill to the parliament that allows ECO Trade and Development Bank to open a representative office in Tehran to help expand ties between Iran and members of the ten-nation Economic Cooperation Organization.

Hussein Ali Amiri, the vice president for parliamentary affairs, said this in a talk with IRNA.

ETDB is a regional multilateral development bank that promotes socioeconomic development and intra-regional trade among ECO member states. It was established in 2005 and is headquartered in Istanbul. It started operations in 2008.

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