IRNA – Director of Global Financial Markets of Oberbank underlined Austrian small and medium-sized enterprises’ greater interest in the Iranian projects, saying that Oberbank’s line of credit contract with 14 Iranian banks in the field is very important.

Helmut Edlbauer told IRNA on Thursday that unfortunately Iran was under restrictive measures for years and at present the nuclear deal was the first step on the right track so that doors to Iran’s interaction with European firms will open.

The deal centers on Austrian companies because the country’s Control Bank and Iran’s Central Bank are also backing the agreement, he said, it is important in opening doors of interaction and cooperation with Iran and it will help improve commercial interaction with Iran in future.

There many small and medium enterprises in Austria which are interested to work with their Iranian counterparts in various sectors, he said.

Austria's Oberbank signed a finance deal worth €1 billion with 14 Iranian banks last Thursday in Vienna, first banking credit supply agreement following the implementation of 2015 nuclear deal.

The Austrian finance is set to be used for development of civil and production projects in Iran.

Karafarin Bank, Saman Bank, Bank Refah, Bank Mellat, Tejarat Bank, Bank Melli Iran, Bank of Industry and Mine, Bank Sepah, Middle East Bank, Export Development Bank of Iran, EN Bank, Bank Keshavarzi, and Parsian Bank will act as the agent banks providing public and private sector with financial support.