Hungary EXIM Bank

Hungarian Eximbank, the financing arm of EXIM, signed a Memorandum of Understanding with Iran in Budapest on October 23, 2016. (Mehr News, “Iran’s DBI, Hungarian Exim kick off coop.,” 10/23/2016). (http://en.mehrnews.com/news/120731/Iran-s-DBI-Hungarian-Exim-Bank-kick-off-coop)

"At a meeting between Iranian and Hungarian banks, Export-Import Bank of the European country agreed to open an 85-million-euro Line of Credit (LOC) to Export Development Bank of Iran (EDBI). “It has been agreed that a Memorandum of Understanding (MoU) for regulatory cooperation be signed between central banks of the two sides,” he continued. Also, Hungarian Export-Import Bank (Eximbank) allocated a Line of Credit (LoC) worth 85 million euros to Export Development Bank of Iran (EDBI) in a bid to elevate volume of bilateral economic cooperation." (February 2017) (https://en.mehrnews.com/news/123433/Hungary-s-Eximbank-opens-85mn-LOC-to-EDBI)