BERLIN, Aug 21, 2007 (AFP) - Dresdner Bank plans to join other German banks that have withdrawn from Iran, amid US pressure and excessive administration costs, the Financial Times Deutschland said in its Wednesday edition, quoting a bank spokesman.

'Dresdner Bank is ending its activities with Iran and in Iran,' the newspaper quoted the spokesman as saying.

He said the bank was faced with excessive 'bureaucratic expenses'.

The US government has accused Iran of supporting terrorist groups and has tried for years to cut off international finance to the country.