Tejarat Bank to pay TCI 18 billion rials

“Negotiation between Tejarat Bank and TCI lasted over a month, after which the bank accepted to pay the amount,” Davoud Zareian told Mobna news agency.
He mentioned, however, that the 18-billion-rial payment concerned only Tehran branches and the bank’s total debt to TCI regarding other cities was yet to be determined.
It is to be mentioned that the bank has so far refused to confirm such a payment.
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