The UK government’s Export Credit Guarantee Department (ECGD) is pleased to announce the renewal of pre-approved cover limits on Iranian state-owned commercial banks.
ECGD has now doubled the level of cover that had previously been available and has approved Medium Term cover on these banks for the first time. ECGD is now able to support contracts of up to around US$25m, with a maximum 10 years credit on each of the following banks: Saderat, Mellat, Melli, Tejerat, Sepah
For further information, please contact
James Williams jwilliams@ecgd.gov.uk, Tel.:+44 (0)20 7512 7358) or
Ravinder Mudhar rmudhar@ecgd.gov.uk Tel.: +44 (0)20 7512 7513.
Source: ECGD
