The private Ayandeh Bank has continued its string of success and was recognized by Euromoney as Iran’s bank of the year in 2018.
The lender received the award in a ceremony held earlier in May.
In an announcement published on its website, the English-language monthly magazine Euromoney noted that Iranian bankers have not had the year they hoped for in light of the fact that building business relations with banks and corporations abroad proved difficult.
“International financial institutions remained wary of lingering sanctions against the Islamic Republic and US President Donald Trump’s repeated expression of his intention to leave the Iran nuclear deal,” it said.
The magazine referred to unrest in a number of cities and the fact that some protestors were disgruntled bank customers.