Bank Sepah is an Iranian bank. It was established in 1925 as the first Iranian bank. Its first branch, in Tehran, opened that year. The bank also has branches in Frankfurt, Paris and Rome as well as a subsidiary, Bank Sepah International plc, in London. Sepah Bank has recently merged four other Iranian banks and one credit institution: Ansar Bank, Mehr Eghtesad Bank, Hekmat Iranian Bank, Ghavamin Bank and Kosar Credit Institution. The Omid Bank app is product of Bank Sepah.
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 $76.6 billion and a network of 3.328 banking branches; so it was known as the largest Iranian bank based on the amount of assets. The brand of BMI was recognized as one of the 100 top Iranian brands in 10th National Iranian Heroes Championship in 2013. The National Bank has 3328 active branches inside, 14 active branches and 4 sub-stations abroad, and it has 180 booths. The first managing director of BMI was Kurt Lindenblatt from Germany, the first foreign branch of BMI was opened in Hamburg, Germany in 1948.
Bank Mellat is a private Iranian bank. Its name means "Bank of the Nation". Bank Mellat was established in 1980, with a paid capital of Rials 33.5 billion as a merger of ten pre-revolution private banks, comprising Tehran, Dariush, Pars, Etebarat Taavoni & Tozie, Iran & Arab, Bein-al-melalie-Iran, Omran, Bimeh Iran, Tejarat Khareji Iran and Farhangian.
Bank Saderat Iran(BSI) (Persian: بانک صادرات ایران, Bank Sadârat Iran, lit. "Export Bank of Iran") is an Iranian multinational banking and financial services company headquartered in Tehran, Iran. It is Iran's largest bank. It was founded in Tehran in 1952 by the prominent Mofarrah and Bolurfrushan (also spelled Bolourforoushan) families, represented in the first board by Mohammad Ali Mofarrah and Mohammad Bolurfrushan and commenced operation on 13 November 1952 with a board of three directors and 20 employees.
The Imperial Bank of Persia was a British bank that operated as the central bank and bank of issue in Iran between 1889 and 1929. It was established in 1885 with a concession from the Persian government to Baron Julius De Reuter a German–Jewish banker and businessman who later became a Christian and a British subject.
The Tehran Stock Exchange (TSE) is Iran's largest stock exchange, which first opened in 1967. The TSE is based in Tehran. As of October 2024, 663 companies with a combined market capitalization of US$ 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.
Parsian Bank is a major Iranian private bank, headquartered in Tehran, Iran. In addition to traditional banking services, Parsian also offers diversified services such as insurance and car rentals.
Saman Bank is a privately owned Iranian bank. It is listed on the Tehran Stock Exchange.
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.
Following the Iranian Revolution, the United States has since 1979 applied various economic, trade, scientific and military sanctions against Iran. United States economic sanctions are administered by the Office of Foreign Assets Control (OFAC), an agency of the United States Department of the Treasury. As of 2017, United States sanctions against Iran include an embargo on dealings with the country by the United States, and a ban on selling aircraft and repair parts to Iranian aviation companies.
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.
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, which are joint shareholders in Persia International Bank.
There have been a number of international sanctions against Iran imposed by a number of countries, especially the United States, and international entities. Iran was the most sanctioned country in the world until it was surpassed by Russia, following Russia's invasion of neighboring Ukraine in February 2022.
European Union–Iran relations are the bilateral relations between Iran and the European Union (EU). The EU is Iran's largest trading partner, along with China and the United Arab Emirates. Trade with Iran is subject to the general EU import regime and the EU supports the goal of Iranian accession to the World Trade Organization (WTO). The EU has accused and criticized Iran for human rights violations, which led to diplomatic tensions, but both sides aim at improving and normalizing relations. Should Turkey, which is a candidate for EU membership, accede to the EU, Iran will be a border neighbor with the European Union.
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.
Post Bank of Iran is an Iranian bank.
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.
Iranian-European Bank is a German bank founded in 1971. Headquartered in Hamburg, it has two other branches in Kish Island and Tehran. The European-Iranian Commercial Bank is a German joint stock company. It is (majority) owned by Iranian Bank for Industries and Mines (52%), Iranian Bank Mellat (26%), and Iranian Bank Tejarat (19%).
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.
