Reuters in a report quoted informed sources as saying that the Bank of England is still reluctant to facilitate trade between the two countries even though the government is trying to open Iran-UK trading oppositions.

IndusInd Bank in India has received the necessary permissions to ease financial transaction for all trade related dealings with Iran.

France says normalization of banking ties is needed to improve economic relations with Iran.

European banks’ sources say their visits to Tehran since the lifting of sanctions on Iran in January 2016 had failed to bear fruit.

Denmark's Danske Bank A/S says it has stated talks with the Central Bank of Iran (CBI) on arranging credit to clients with business activities in the country.

It was 2 months ago when the Indian government demonetized high value currency.

Iran represents around a third of total assets attributable to Islamic banking globally estimated at $1.5 trillion.

With just one week in power, the Italian new government is seeking to increase sovereign debt to support the country's fragile banking system.

Russia says it is working on a plan to set up a joint Islamic bank with Iran.

The Islamic Financial Services Board (IFSB) has appointed Valiollah Seif, the governor of the Central Bank of Iran (CBI) as its next chairman for 2017.