The head of the International Financial Iranian Company (IFIC), Sehid Rezavi, declared that Iran and Egypt will for the first time create a joint bank in Teheran, Trend reports.
This new bank would be a branch of the Egyptian-Iranian Development Bank (MIDB). According to Sehid Rezavi, this bank has already transferred 50 million US dollars to Iran last year. He also informed that expansion of the new bank's activities is planned.
