Tejarat Bank was established as per the legal bill of the Department of Banks’ 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.
The Central Bank of The Islamic Republic of Iran
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
Bank Saderat Iran
Bank Saderat Iran was established in 1952 with the main objective to provide efficient and modern banking and is well reputed for the excellent services it is offering to customers throughout the world.
Bank Mellat is a state-owned commercial Iranian bank. Its name means "Bank of the Nation". Bank Mellat was established in 1980, with a paid of capital of Rls 33.5bn as a merger of ten pre-revolution private banks comprising: Tehran, Dariush, Pars, Etebarat Taavoni & Tozie, Iran & Arab, Bein-al-melalie-Iran, Omran, Bimeh Iran, Tejarat Khareji Iran and Farhangian.
Bank Melli Iran
Bank Melli Iran also called the National Bank of Iran, is the first national Iranian bank. The bank was established in 1927 by the order of Majlis (the Iranian Parliament) and since then has constantly acted as one of the most influential Iranian banks.
Bank Refah Kargaran, also known as Bank Refah is one of Iran's major state owned banks. Bank Refah, with its headquarters in Tehran, Iran, is a retail commercial bank owned and controlled by Iran's Ministry of Welfare and Social Affairs. Bank Refah provides a full range of products and services to more than a million clients. Its SWIFT address is REFAIRTH.
The first Iranian bank, Bank Sepah was established in 1925 (corresponding to 1304 in the Iranian Calendar); its first branch, in Rasht, opened in 1925. The bank also has branches in Frankfurt, Paris and Rome as well as a wholly owned subsidiary, Bank Sepah International plc which operates in the UK. "Sepah" is the poetic Persian rendering for "Army". The Bank was named so because its opening capital was provided by the Army Pension Fund.
Bank of Industry and Mine
Sanat va Madan Bank ("Bank of Industry and Mines" in Persian language) is located in Tehran, Iran. It endeavours to increase economic growth through the development of industry and mining. Its purpose is to be an economic enterprise, providing banking facilities, development and investment in order to advance Iran’s economy. It aims to promote the participation of the private sector in the fields of industry, mining, modern technologies and their associated services.
The Karafarin Bank is a private bank within Iran. Established in 2001, it is now one of Iran's leading private banks and also the first private bank to be established since the Iranian revolution in 1979.
Parsian Bank is Iran's largest private bank, headquartered in Tehran, Iran. Founded in July, 2001 as a nongovernmental bank, Parsian Bank now has 165 branches across Iran, 92 of which are in Tehran. The bank entered the Tehran Stock Exchange in 2004. In addition to traditional banking services, Parsian also offers diversified services such as insurance and car rentals.
Bank Sepah is therefore permitted to fulfill its commitments to the beneficiaries subject to the submission of the required license from the competent authorities of their jurisdictions. Thus, Bank Sepah will arrange for any claim regarding its payment obligations due once it has been notified, by authenticated tele-transmission,of above - mentioned license
Eghtesad Novin Bank embarked on underwriting stocks on July 9, 2001, according to a permit issued by the Central Bank of the Islamic Republic of Iran. On August 4, 2001, the bank was registered as the first private bank of the Islamic Republic of Iran after establishment of its founding general assembly with a total capital of 250 billion rials under No. 177132. The current capital of the bank, according to ratification of an extraordinary meeting of the general assembly dated May 28, 2004, is about 2,500 billion rials.
"Permission for the Establishment of Non-Government Banks" ratified on the 10th of April 2000, a new opportunity was created for the establishment of private banks in Iran after the Islamic Revolution in 1979. Until August 2005, the Central Bank of the Islamic Republic of Iran (CBI) issued four banking licenses and four private banks came to exist on the Iranian banking market
"Bank of Industry and Mine" as a development bank is the most important organization which endeavors for helping economic growth through development of industries and mines.
Bank Keshavarzi (BK), established on 11 Jun 1933 and equipped with many years of experience, is now considered as a pioneer bank in offering variety of banking services nationwide to the esteemed Iranian people. The bank has always been profiting from national scientific findings and achievements of international banks in order to make the best use of knowledge and up-to-date technology, to obtain substantial experience, and to make outstanding innovation in banking services.