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Other links at Financial Services > Banking Services > Banks and Institutions > Regional > Middle East > Iran |
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Credit Institution for Development
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Establishment of Credit Institute, cited by Central Bank of I.R, is accounted as the third major step of Iran banking system after nationalization of banks and procurement and implementation of Islamic Banking Act. (Usury free banking operations). Foundation of C.I.D. is credited as a remarkable development of private sector participation in different investment activities. Credit Unions are able to play a key role in promotion and diversification of efficient economic activities. They can function as financial intermediaries that collect and organize scattered and unproductive savings in order to provide funds and facilities for agents who are in need of these resources.
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Home - Bank Refah
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Bank Refah was founded in June 1960, with the aim of providing any kind of banking services for people from all walks of life and special facilities and credits for laborers. Its initial investment of 400 million I.R.R. was designated by Social Security Organization. In 1979, following the bill on administration of banking affairs and nationalization of the banks, Bank Refah was considered as a commercial bank and in July 1993, it was being supported by S.S.O owning 46% shares of the bank.
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The Central Bank of The Islamic Republic of Iran
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The Central Bank of Iran (CBI) was established in 1960 (1339 solar year). As stated in the Monetary and Banking Act of Iran (MBAI), CBI is responsible for the design and implementation of the monetary and credit policies with due regard to the general economic policy of the country.
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Bank Saderat Iran - ?¡L?¡±??Uc ?£g?¡±???¡Ó?¡±?? ?¡±???¡Ó?¡±??
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Bank Saderat Iran (BSI) has the largest network of branches within Iran. The bank currently holds 23% of the total personnel and 29% of the branches of all commercial banks. The bank has 3,313 domestic branches and overseas branch offices located, in France, Bahrain, Egypt, UK, Greece, Oman, Qatar, Turkmenistan, Germany, UAE, and Lebanon. BSI has currently correspondent banking relations with more than 700 foreign banks.
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Parsian Home page
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Parsian Bank held the foundersa£á? assembly in July 2001 by virtue of the Act for Establishment of Non-Governmental Banks ratified in April 2000. Parsian Bank obtained business permission from the Central Bank of the I.R. of Iran. Parsian Banka£á?s opened for business in March 2002 upon concurrent inauguration of four branches.
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