Oberbank AG (OeKB)

"Austria’s Oberbank will withdraw from Iran because of increased risk for European companies in light of potential U.S. sanctions, it said on Wednesday." (June 13, 2018)

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"Austria’s Oberbank, which, as a result of the 2015 nuclear deal became the first European bank to enter Iran’s financial system, announced it has not moved forward with business transactions in the Islamic Republic because of US sanctions." (5/31/2018).
 

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"Oberbank (OBER.VI) on Thursday said it had signed a deal with Iran, enabling it to finance new ventures there and making it one of the first European banks to do so since sanctions were eased." (September 21, 2017)

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UANI is now dismayed to learn Oberbank AG participated in the February 20, 2017 Vereinigung der Bayerischen Wirtschaft e. V. (“vbw”) meeting with Iranian Foreign Minister Dr. Mohammed Javad Zarif and Ambassador S. E. Ali Majedi. Prospective engagement with the vbw Economic Liaison Office in Tehran, where the Tehran Chamber will serve as a local partner. Troublingly, the Tehran Chamber is affiliated with the Iran Development and Renovation Organisation (“IDRO”). (vbw Website, “Round Table mit dem iranischen Außenminister Dr. Zarif”).

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"Austrian Oberbank will continue its professional procedures and support transactions with Iran which have helped the bank to gain an excellent reputation in both countries. "As the first Austrian bank, we are signing a framework agreement for tied financial loans (G3) in US dollars, yen and euros. This agreement allows Oesterreichische Kontrollbank AG (OeKB) covered financing with maturities of more than 2 years. It also allows the financing of important projects, for example in infrastructure or health care. It is therefore urgently awaited by well-known Austrian exporters, who are also shortly before signing their export contracts. The agreement allows important Austrian exporters to start their projects in strategic Iranian sectors. Our range of services is only offered to customers from our markets," Alexander Türk, from the Austrian Oberbank, told Trend." (September 2017)

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"Austria agreed on Wednesday to significantly increase its export guarantees for deals with Iran during a visit by the Islamic Republic's central bank chief, two people familiar with the matter said. It will raise the total amount of guarantees that Oesterreichische Kontrollbank, the body responsible, can provide to roughly 1 billion euros ($1.1 billion) from more than 200 million euros, the people said. "It is about saying that it is possible to do significantly more than before," said one of the people, who spoke on condition of anonymity because the talks between Iranian and Austrian officials were confidential." (Reuters, "Austria signals readiness to do more business with Iran," 9/28/2016).

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Referenced as an international bank providing services to 'deficient' Iranian banks. (Avi Jorisch, "Iran's dirty banking," 2010)