Company type | Public |
---|---|
وشهر | |
Industry | Financial services and investment (IRR and foreign currencies) |
Founded | February 2009 |
Headquarters | Iran, Tehran, Ferdowsi Square |
Key people |
|
Services | All financial services provided by the bank and its subsidiaries |
Owners |
|
Number of employees | More than 4,000 |
Website | www |
Shahr Bank is one of the private banks in Iran that officially started its operations on February 9, 2009. In the past, this bank provided financial services under the names "Honarvaran Shahr Cooperative" and "Shahr Credit Cooperative." [1] [2]
Shahr Bank was founded by the Tehran Municipality, and its shares are primarily owned by municipalities of various cities and metropolitan areas, municipal employees, and a portion of the Iranian public. [3] [4]
In 2014, it recorded the highest resource growth among private banks. The bank has branches in many cities of Iran. [5] [6] [7] [8] [9]
The Shahr Credit and Financial Institution was established with authorization from the Central Bank and with shares owned by the municipalities of Tehran and other Iranian metropolitan areas. It started its official operations on February 9, 2009, with an initial capital of 1.5 trillion Iranian rials.
The main motivation behind establishing this bank was to meet municipalities' need for large-scale financing, liquidity, and capital to cover urban development costs, aiming for self-sufficiency in urban management.
After extensive efforts by senior managers of Tehran Municipality and other metropolitan areas, and with an increase in capital by shareholders to 2 trillion rials, the Central Bank, in coordination with the High Council of Money and Credit, approved the registration of Shahr Bank on February 8, 2010. The bank officially opened on March 8, 2010.
Two years after its establishment, the shareholders raised the bank’s capital to 4 trillion rials to provide necessary liquidity. This amount remained until 2013, when the capital increased to 7.9 trillion rials in July. By December 2015, it had reached 15.573 trillion rials. [10] [11]
According to reports published by the bank, approximately 30% of Shahr Bank's shares are publicly traded. A portion of the shares is held by employees of subsidiaries of Tehran Municipality, employees of municipal organizations in other metropolitan areas, and private individuals. The main shareholders of Shahr Bank are listed below:
Shahr Bank has four subsidiaries: a financial and economic holding company with eight sub-companies, an information technology holding company with three subsidiaries, an industrial, mining, and energy holding company with two sub-companies, and four independent companies under its structure. [12]
Shahr Bank's board consists of seven members: Seyed Mohammad Mehdi Ahmadi (CEO and board member), Barat Karimi (chairman), Javad Attaran (board member), Hesam Habibollah (board member), Reza Yarifard (board member), Mehdi Mirza Mohammadi (board member), and Vahid Mohammadreza Khani (board member). [13] [14]
Bank Melli Iran is the first national and commercial retail bank of Iran. It was considered as the largest Iranian company in terms of annual income with a revenue of 364 657 billion Rials in 2016. It is the largest bank in the Islamic world and in the Middle East. By the end of 2016, BMI had a net asset of $76.6 billion and a network of 3.328 banking branches; so it was known as the largest Iranian bank based on the amount of assets. The brand of BMI was recognized as one of the 100 top Iranian brands in 10th National Iranian Heroes Championship in 2013. The National Bank has 3328 active branches inside, 14 active branches and 4 sub-stations abroad, and it has 180 booths. The first managing director of BMI was Kurt Lindenblatt from Germany, the first foreign branch of BMI was opened in Hamburg, Germany in 1948.
Bank Saderat Iran(BSI) (Persian: بانک صادرات ایران, Bank Sadârat Iran, lit. "Export Bank of Iran") is an Iranian multinational banking and financial services company headquartered in Tehran, Iran. It is Iran's largest bank. It was founded in Tehran in 1952 by the prominent Mofarrah and Bolurfrushan (also spelled Bolourforoushan) families, represented in the first board by Mohammad Ali Mofarrah and Mohammad Bolurfrushan and commenced operation on 13 November 1952 with a board of three directors and 20 employees.
The Tehran Metro is a rapid transit system serving Tehran, the capital of Iran. It is the largest metro system in the Middle East. The system is owned and operated by Tehran Urban and Suburban Railway. It consists of six operational metro lines, with construction under way on seven lines including northwestern extension of line 4, south extension line 6, northwestern and east extension line 7, east extension line 2 and Line 10, Line 8 and 9.
The Tehran Stock Exchange (TSE) is Iran's largest stock exchange, which first opened in 1967. The TSE is based in Tehran. As of October 2024, 663 companies with a combined market capitalization of US$ 94 billion were listed on TSE. TSE, which is a founding member of the Federation of Euro-Asian Stock Exchanges, has been one of the world's best performing stock exchanges in the years 2002 through 2013. TSE is an emerging or "frontier" market.
Saman Bank is a privately owned Iranian bank. It is listed on the Tehran Stock Exchange.
The Central Bank of the Islamic Republic of Iran, also known as Bank Markazi, was established under the Iranian Banking and Monetary Act in 1960, it serves as the banker to the Iranian government and has the exclusive right of issuing banknote and coinage. CBI is tasked with maintaining the value of Iranian rial and supervision of banks and credit institutions. It acts as custodian of the National Jewels, as well as foreign exchange and gold reserves of Iran. It is also a founding member of the Asian Clearing Union, controls gold and capital flows overseas, represents Iran in the International Monetary Fund (IMF) and internationally concludes payment agreements between Iran and other countries.
The Karafarin Bank, which translates to Entrepreneurship Bank is a private bank in 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.
Bank Refah Kargaran, also known as Bank Refah, is one of Iran's major banks. Bank Refah, with its headquarters in Tehran, Iran, is a retail commercial bank owned and controlled by Social Security Organization of Iran. Bank Refah provides a range of products and services.
According to the Fourth Five-Year Economic Development Plan (2005–2010), the Privatization Organization of Iran affiliated with the Ministry of Economic Affairs and Finance is in charge of setting prices and ceding shares to the general public and on the Tehran Stock Exchange. The privatization effort is primarily backed by reformist members of the Iranian government and society who hope that privatization can bring about economic and social change.
Following the Iranian Revolution, Iran's banking system was transformed to be run on an Islamic interest-free basis. As of 2010 there were seven large government-run commercial banks. As of March 2014, Iran's banking assets made up over a third of the estimated total of Islamic banking assets globally. They totaled 17,344 trillion rials, or US$523 billion at the free market exchange rate, using central bank data, according to Reuters.
Qods is a city in the Central District of Qods County, Tehran province, Iran, serving as capital of both the county and the district.
Ghadir Investment Company was established in 1991 in Iran and entered to the "Tehran Stock Exchange (TSE)" in 1995. Its activities are managing or restructuring Iranian companies on behalf of its share holders. GHADIR is one of the biggest holding investment company in the Tehran Stock Exchange (TSE) with a market capitalization of 97,416 billion Iranian Rials as of 2017.
EN Bank, also known as Eghtesad Novin Bank is Iran's first private bank established by the Eghtesad Family offering retail, commercial and investment banking services in Iran. The company was established in 2000 as a part of the government's privatization of the banking system.
Bank Pasargad, also known as BPI, is a major Iranian bank offering retail, commercial and investment banking services. The company was established in 2005 as a part of the government's privatization of the banking system.
Sina Bank is a private Iranian banking establishment offering retail, commercial and investment banking services. The company was established in 1985 as a part of the government's privatization of the banking system.
Tejarat Bank is an Iranian Bank.
Shahr-e Jadid-e Mehestan is in the Central District of Savojbolagh County, Alborz province. In the vicinity of Hashtgerd, it was built in recent years.
Qarz Al-Hasaneh Mehr Iran Bank, also known as QMB, is an Iranian financial services and banking company that provides offering retail services, investment management and Gharz al-Hasna facilities. Gharz al-Hassaneh Mehr Bank of Iran, with an initial capital of 15,000 Milliard Rials and with the participation of Iranian government owned specialized banks, was inaugurated by then-President Mahmoud Ahmadinejad in 2007. The central branch of this bank is located in Tehran.
Alireza Nasiri is an Iranian academic, business manager and technocrat. He played a leading role in the establishment of online degree programs in Iran in the early 2000s, founding University of Tehran's first online program and advocated for e-government in Iran. He was general director of planning and development in Iran's Ministry of Cooperatives between 2004 and 2005 while also serving as acting Vice Minister. In 2018 he served as CEO of Iran's Maku Free Trade Zone until 2020. Between 2020 and 2022 he was the chief executive officer of the National Industrial Group, a public company with the Iranian Social Security Fund as its main shareholder. Nasiri merged the National Industrial Group's large real estate holdings with a centralized electronic system for online sales and management during COVID-19 quarantines.
The Pasargad Insurance Company is an Iranian insurance company established by the Pasargad Financial Group to provide life and non-life insurance services. It has been operating since 2008 and has the most number of agencies in Iran. It has some of Iran's best-selling life insurance policies.