Mr Ayeen was speaking to reporters at the sidelines of a conference in Tehran. He didn’t give any more details on how the bank would be developed.
If the bank did take off, it would underline just how far relations between Azerbaijan and Iran have improved over the past few years. Under former president Mahmoud Ahmedinejad, Azerbaijan and Iran were locked in a cycle of sabre rattling, arresting spies and threatening war.
Since then, though, with Hassan Rouhani in power in Tehran since 2013 and the international community gradually accepting the re-emergence of Iran, the two neighbours have made a show of swapping prisoners, hosting bilateral defence and diplomatic meetings and talking up trade relations.
ENDS
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(News report from Issue No. 236, published on June 18 2015)