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Other links at Financial Services > Banking Services > Banks and Institutions > Regional > Middle East > Iran |
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Bank Mellat
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Bank Mellat was formed in accordance with the resolution of Banks General Meeting on Dec.20,1979 in line with the provisions of article 17 of the Banks Management Act , with the initial share capital of 33 billion Rials through the merger of 10 private pre-revolution banks. With the present share capital of 1239 billion Rials , Bank Mellat is the third largest bank within the Islamic Republic of Iran.
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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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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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Mine
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as a developing bank is the most important device and organization which endeavors for helping economic growth through development of industries and mines. Its purpose is to be an economic enterprise for applying banking procedures and capabilities, developing and investing in order to advance Irana£á?s economic situation and to prepare suitable grounds for cooperation and participation of private sector by use of all potential facilities such as: organizations, processes and appropriate devices in the field of industries, mines, modern technologies and their associated services.
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