25.11.2016
DF Deutsche Forfait AG DE000A2AA204
DGAP-News: DF Deutsche Forfait Group signs memorandum of understanding with Iranian Saman Bank
DGAP-News: DF Deutsche Forfait AG / Key word(s): Alliance
DF Deutsche Forfait Group signs memorandum of understanding with Iranian
Saman Bank
25.11.2016 / 11:44
The issuer is solely responsible for the content of this announcement.
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DF Deutsche Forfait Group signs memorandum of understanding with Iranian
Saman Bank
- One of Iran's largest private banks and the foreign trade specialist
want to join forces in export financing
- Trade volume with Iran expected to grow significantly
Cologne, 25 November 2016 - On the occasion of the EURO FINANCE WEEK in
Frankfurt, DF Deutsche Forfait Group and the Iranian Saman Bank signed a
memorandum of understanding regarding a cooperation in the foreign trade
finance sector. The planned collaboration primarily covers the supply of
financing solutions for the exchange of goods between German and
international exporters and their Iranian trading partners. In addition,
the parties intend to offer consulting services to clients wishing to
establish trade relationships with Iranian business partners.
Both partners expect the trade volume with Iran to grow significantly in
the coming years, as the European Union and the USA relaxed previously
existing sanctions in early 2016 in response to the signing of the nuclear
agreement (JCPOA). Both Saman Bank and DF Deutsche Forfait Group operate
best practice compliance systems ensuring compliance with all pertinent
laws, amongst others German, EU, US and UK law, which is a material
precondition for the supply of financing solutions.
Seyed Ahmad Taheri Behbehani, Chief Executive Officer of Saman Bank
comments: "We are seeing great interest in doing business with Iran,
especially on the part of German exporters. So far, however, there has been
a lack of the corresponding financing solutions. DF Group is a very
experienced specialist for exports to emerging countries such as Iran.
Together we can support exporters in entering the lucrative Iranian
market."
Christoph Charpentier, member of the Management Board of DF Deutsche
Forfait AG adds: "Saman Bank is a leading export financing bank in Iran. In
the past years the bank has successfully handled a significant number of
transactions, primarily in the food and healthcare sectors. We are
therefore very pleased to have found such an experienced and financially
strong partner."
Having completed its restructuring, DF Group believes it is well positioned
to rebuild its business. In spite of the personnel cuts, DF Group has been
able to maintain a strong team of employees and an effective international
network, which is expected to expand the business volume in the coming
months. Moreover, DF Group used the restructuring phase to install a
compliance system meeting the highest international standards with the help
of international compliance law specialists.
The business model of DF Deutsche Forfait Group remains as relevant as
ever; in the opinion of the management, the market opportunities for
foreign trade specialists have even increased in view of more and more
global hotspots and rising risks for exporters. In the months to come, DF
Group will place its focus on Middle East markets such as Iran, where
economic experts expect trade volumes with Germany alone to double in the
next two to three years.
About DF Deutsche Forfait Group
DF Group specializes in foreign trade finance and related services for
exporters, importers and other financial service providers, with a focus on
emerging markets. Within this market segment, the main focus is on
financing foreign trade with Middle East countries.
About Saman Bank
Being a leading private trade finance bank in Iran, Saman Bank closes the
gap between Iranian and international payment transactions. Saman Bank is
one of the country's largest private banks and thus an important partner to
foreign banks.
DF Deutsche Forfait Group
Investor Relations
Karolin Bistrovic
Kattenbug 18 - 24
50667 Cologne
T +49 221 97376-61
F +49 221 97376-60
E [email protected]
http://www.dfag.de/en/
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25.11.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: DF Deutsche Forfait AG
Hirtenweg 14
82031 Grünwald
Germany
Phone: +49 89 21551900-0
Fax: +49 89 21551900-9
E-mail: [email protected]
Internet: www.dfag.de
ISIN: DE000A2AA204, DE000A1R1CC4,
WKN: A2AA20, A1R1CC
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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