Financial Tribune- Top representatives of Bank Melli Iran, the country�s biggest bank, and Spain�s Aresbank met on Tuesday to prepare the ground for expanding ties in the near future.

�The requirements for allocating short- and long-term facilities have been determined and Aresbank is ready to discuss this,� Luis Casado, general manager of the Spanish lender, was quoted as saying by BMI�s official website.

He further said Aresbank has improved banking relations with Iranian banks and companies in recent years, stressing that banks can play a vital role in boosting export and import capacities between Iran and Spain, as they currently fall short of their true potentials.