Perspective
27 July 2017
Risk or reward: Is Iran bankable?
In:
Infrastructure, Oil & gas, Transport
Region:
Middle East & Africa, Americas, Asia-Pacific, Europe
Some economic sanctions were lifted 18 months ago and Iran is open and keen for business. However, the commercial bank sector is far from tapping into the immense opportunities that could spark a huge growth for trade and projects. Western banking hesitance and Chinese influence has become the norm on Iranian soil, but can non-US banks operate assured that the US will not react?
