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Conditions for Foreigners’ Participation in Establishing Banks in Iran
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Foreign legal entities can establish banks in Iran or participate in buying the stocks up to 40% formally.
Meanwhile, the increase if share purchase ceiling to the foreign banks, up to 40 percent, was approved by the Credit Commission, Management Board and Central Bank.
Based on the new regulations of the bank, buying the shares of the domestic banks by foreign governments or entities was prohibited.
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