(MTI) – Hungary’s Evobank is offering banking specifically tailored for Iranian citizens and companies from Feb. 12.
The bank said in a statement that since September last year the bank, which is majority Hungarian-owned, will cater to 11,000 Iranians living in Hungary, 8,000 of them studying in higher education.
The everyday financial affairs of Iranians have been hampered by the international sanctions on Iran. Last summer, the United States started talks on partially lifting sanctions, and implementation started on Jan. 20 this year. Amid the increasingly favourable climate surrounding Iran, the bank decided to offer its new service, Laszlo Kortvelyessy, the bank’s chief executive, said in the statement.
Evobank has registered capital of 4.1 billion forints (EUR 13.2m) and total assets of 16 billion. The bank employs 51 people.