Bank Maskan Activity in Free Trade Zones

With regard to developing domestic and foreign exchange activity in free trade zones in 2002 , Bank Maskan has started its activity in this field by establishing foreign currency section of Kish central branch and is considering to establish other foreign currency branches in Kish and Qeshm free trade zones . At present all exchange operations are done in Kish free trade zone in an unlimited amount . The most important activities of Kish central branch are as follows:

-Buying and selling foreign currency without limitation and at market rate of free trade zone.

-Payment order at the client's request without limitation.

-Issuing import letter of credit.

-Opening all foreign currency accounts such as savings account and foreign currency term deposit account