German companies account for 50% of Iran’s foreign portfolio investment
German investors account for half of foreign portfolio investment in Iran’s capital market, says Securities and Exchange Organization’s deputy head for international affairs.
"Other German-speaking countries such as Switzerland follow," Bahador Bijani was also quoted as saying by Bourse Press.
The official added that the total number of trading codes issued for foreign investors tops 4 million as of Nov. 10.
SEO signed a memorandum of understanding with Germany’s Federal Financial Supervisory Authority, or BaFin, back in 2016 to expand cooperation between the two regulatory authorities and increase German investors’ confidence in Iranian markets.
An independent and fully-integrated federal institution with headquarters in Bonn and Frankfurt, and supervised by the German Federal Ministry of Finance, BaFin is the financial regulatory authority for about 2,700 banks, 800 financial services institutions and over 700 insurance undertakings.
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