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Other links at Financial Services > Banking Services > Banks and Institutions > Regional > Middle East > Iran |
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Bank Keshavarzi (Agriculture Bank)
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Bank Keshavarzi was founded in 1933 as Farming and Industrial Bank. Today, having 71 years of experience, it serves as the only specialized financial institution in the agricultural sector that holds over 1800 branches nationwide and finances nearly 70% of the sector. Focusing on the importance of electronic banking, BK has initiated its major project on the electronic banking since 2001 under the title of MEHR, i.e. smart computer management.
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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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Bank Tejarat (trade)
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Tejarat Bank was established as per the legal bill of the Department of Banksa£į? Affairs approved in September 1979 upon amalgamation of eleven private banks. Later, on 20/12/1979, the Iran-Russia Bank also joined the merger, totaling the paid up capital to 39.1 billion Rials. Twenty six years on, as per economic requirements of different regions of the country, Tejarat Bank is now maintaining 2010 branches throughout the country. Taking advantage of experienced manpower is an important factor that has further promoted Tejarat Banka£į?s place on the international standings.
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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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persiabank
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Persia International Bank PLC commenced trading in London on 29 April 2002 following the merger of the London branches of Bank Mellat and Bank Tejarat. Each of these two banks has enjoyed a successful record in the London and other international Financial markets for over 30 years. They are now the joint shareholders in Persia International Bank PLC.
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