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Russia’s Renaissance Capital bank to get to Iran’s market after sanctions lifted

September 22, 2014, 16:21 UTC+3 MOSCOW
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MOSCOW, September 22. /ITAR-TASS/. Russian investment bank Renaissance Capital will set foot on the Iranian market as soon as sanctions upon Tehran are lifted, CEO Igor Vain said Monday during a news conference.

“If sanctions are lifted in a foreseeable future, we would like to be the first there (in Iran),” Vain said.

The investment bank is still focusing on the Middle Eastern, African, Russian and Turkish markets, Vain said.

The bank’s net profit grew 81% on the year to U.S. $8.7 million in January-June, as calculated under International Financial Reporting Standards.

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