Bk Saderat Chmn To Seek US Sanction Talks Post IPO

The chairman of Iran's state-run Bank SaderatBank Saderat plans to seek meetings with U.S. Treasury officials after the lender's privatization in June to remove sanctions against it.

In an interview with Dow Jones Newswires in Tehran, Chairman Hamid Borhani said once SaderatSaderat is privatized he would like to travel to the U.S. to discuss allegations by the Treasury's Office of Foreign Assets Control, or OFAC, and present evidence refuting them.

"Mr. Obama says: 'we are going to change our policy.' If we become a private bank, I will take a flight to the U.S. and talk with OFAC. If the change is real, then they will remove the sanctions. And then there will be great potential for any investor," Borhani said.

Originally posted on this blog from:
http://www.gulfnews.com/business/Banking_and_Finance/10319917.html