Persia International Extends IBSnet Use to Dubai

London-headquartered Persia International Bank has recently implemented IBSnet, Surecomp’s Window-based, Swift Ready Gold accredited trade finance product for use in the bank’s new Dubai branch. Persia International Bank was established in April 2002 following the merger of the London branches of Iranian-headquartered Bank Mellat and Bank Tejarat, both banks having had a successful record in London and other international financial markets stretching over 30 years. Announcing that Persia International Bank PLC had implemented IBSnet in their Dubai branch, Zargham Ashtari, the bank’s executive director and chief operating officer, said: “We see the opening of the Dubai branch as a timely expansion of our services and a further commitment to our London-based customers to meet their developing needs. The Dubai branch will offer our full range of corporate banking services including trade finance. Having successful used the IBSnet trade finance system for the last couple of years it was only natural that we extend the use of the IBSnet to the bank’s Dubai branch.”

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