Iran is a mixed economy with a large public sector. Some 60% of Iran's economy is centrally planned. Iran's economy is characterized by its hydrocarbon, agricultural, and service sectors, in addition to manufacturing and financial services, with over 40 industries directly involved in the Tehran Stock Exchange. The stock exchange has been one of the best performing exchanges in the world over the past decade. With 10% of the world's proven oil reserves and 15% of its gas reserves, Iran is considered an "energy superpower".
Indian Overseas Bank (IOB) is an Indian public sector bank based in Chennai. During the nationalisation, IOB was one of the 14 major banks taken over by the government of India. On 5 December 2021, IOB got Degidhan Award 2020–21 by Ministry of Electronics and Information Technology for achieving second highest percentage of digital payment transaction among public sector banks.
BNP Paribas Fortis is an international bank based in Belgium and a subsidiary of French banking group BNP Paribas. The bank was created in May 2009 after BNP Paribas acquired 75% of the Belgian Fortis Bank from the Federal Participation and Investment Company. It was formerly, together with Fortis Bank Nederland, the banking arm of the financial institution Fortis. After the ultimately unsuccessful ABN-AMRO takeover, the subprime crisis and subsequent global financial crisis (GFC) led to the sale of the Dutch and Luxembourg parts of the banking branch to the Dutch and Luxembourg governments. Fortis Bank itself was first partly bought by the Belgian government, then fully purchased by the government and sold to BNP Paribas.
Bank of Industry and Mine is an Iranian government owned specialized bank located in Tehran, Iran. It endeavours to increase economic growth through the development of industry and mining.
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.
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.
Santander UK plc is a British bank, wholly owned by the Spanish Santander Group. Santander UK plc manages its affairs autonomously, with its own local management team, responsible solely for its performance.
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.
Keshavarzi Bank, also known as Agribank, is a major Iranian banking establishment offering retail and commercial services. The company was established in 1933 and as a Farming and Industrial Bank. Currently, the bank serves as the only specialized financial institution in the agricultural sector that holds over 1800 branches nationwide and finances nearly 70% of the Iranian agricultural sector.
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.
Post Bank of Iran is an Iranian bank.
United Overseas Bank Limited, often known as UOB, is a Singaporean regional bank headquartered at Raffles Place, Singapore, with branches mostly found in Southeast Asia countries.
Hossein Abdoh Tabrizi is an Iranian professor of Finance and a financial practitioner. Since 2013, he is an Honorary Adviser to Minister of Roads and Urban Development (Iran) and a member of Iranian Securities and Exchange Commission. He was the founder of Eghtesad Novin (EN) Bank, the first Iranian non-governmental bank, and a member of editorial board of various financial journals and the founder and owner of Sarmayeh newspaper. He also had several positions including the Secretary General of Tehran Stock Exchange (2003–2005), adviser to the Minister of Economic Affairs and Finance (2001–2005) and many different posts in Iranian financial sector.
Export Development Bank of Iran (EDBI) (Persian: بانک توسعه صادرات ايران, Bank Tuse'h-e Sadârat-e Iran) is Iran's export-import bank. The bank was incorporated as a policy bank, owned by the Iranian government, and provides financial and other conventional banking services to Iranian exporters and importers.
Cyberwarfare is a part of Iran's "soft war" military strategy. Being both a victim and wager of cyberwarfare, Iran is considered an emerging military power in the field. Since November 2010, an organization called "The Cyber Defense Command" has been operating in Iran under the supervision of the country's "Passive Civil Defense Organization" which is itself a subdivision of the Joint Staff of Iranian Armed Forces.
Iran-Venezuela Bi-National Bank is an international financial institution that was founded in 2010 with an aim to develop commercial ties between Iran and Venezuela.
In August 2024, an Iranian group called IRLeaks attacked Iranian banks. Politico described the attack as the “worst cyberattack” in Iranian history. According to Politico, the Iranian government was forced to pay millions of dollars to IRLeaks in ransom. Politico reported that 20 out of about 29 Iranian credit institutions fell in the attack. The Iranian central bank, the Post Bank of Iran and the Bank of Industry and Mines were amongst the banks hit in the attack. The attackers were likely freelance hackers seeking financial gain. The attack occurred after the release of reports that Iranian hackers intervened in the 2024 presidential American elections.
468 Billion IRR (2008)
