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Human Services

Iranian banks in Afghanistan missioned to expand trade ties

Kabul, Promotion of trade ties between Tehran and Kabul is the responsibility of the Iranian banks working in Afghabnistan, said a senior banking official on Tuesday.

If Arian Bank can promote the trade between the two countries, it has done its mission, a member of the bank told the Islamic Republic News Agency (IRNA) on Tuesday.

Davood Mahdian, an official at the Arian Bank in Afghanistan, said the normal duty of the bank is to help ease trade and economic relations between Iran and Afghanistan.

According to Mahdian, the Airan Bank was established in 2004 with the help of two Iranian Banks � Melli and Saderat � after the fall of Taliban in 2001 and the provision of grounds for development.

He said that Arian Bank is trying to act based on its normal duty which is to facilitate economic ties between Iran and its eastern neighbor.

'We try to tread this path but we actually need political will at a higher level in both countries so that all banking transitions between the two countries can be done through legal channels and agreements,' Mahdian told IRNA in an exclusive interview.

'Iran decided to have a role in development and prosperity of Afghanistan; thus, it had to accelerate the banking ties between the two countries.'

Mahdian added, 'De facto, decades of banking experience in the two Iranian banks is supporting Arian Bank.'

He also said that a branch of the bank has been opened in the Iranian embassy in Kabul to prevent Afghan nationals from taking unnecessary and dangerous trips in the city.

Source: Islamic Republic News Agency - IRNA

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