TEHRAN - The Export Guarantee Fund of Iran (EGFI) has signed memorandums of understanding with Swiss Export Risk Insurance (SERV) and Germany's Hermes Insurance Company.

According to the MOUs, which were signed on the sidelines of the Berne Union annual meeting in Lisbon, Portugal, the insurers will collaborate with the Iranian fund on the exchange of economic, commercial, and banking data, IRNA reported on Wednesday.

“After the implementation of the nuclear deal, different European insurance companies have expressed tendency towards participating in Iranian projects and financing them,” Kamal Seyyedali, the head of EGFI, said.

The Berne Union was founded in 1934 by private and state export credit insurers from France, Italy, Spain and the UK. Its vision is to be the leading network of the international credit and investment insurers for the purpose of information exchange, sharing of expertise, and networking among its 50 members.

HJ/MA/MG