The bank serves different economic sectors, including banking and finance, mining, oil, gas and energy, information technology, and real estate development and construction.
Total assets: IRR 1,787.4 trillion (3/2016) Bank Pasagardīased in Tehran, Bank Pasagard was established in 2005. It manages a network of 1,774 branches in Iran and five branches in Turkey and South Korea. The bank provides commercial banking services in Iran, such as cash transfer between accounts, forex trading services, negotiable banknotes, foreign exchange facilities to finance circulating currency, mid-term finance loans with ECO, and short-term financial loans of ECO.īank Mellat also offers refinancing, financing, Murabaha, foreign exchange reserve, letters of guarantee, documentary credits, special payment services, checks, rentable deposit boxes, Musaqa, Muzara’a, futures contracts, access cards, and core banking. Total assets: USD 10.35 trillion (2016) Bank Mellatīank Mellat was founded in 1980. The bank offers retail, corporate, international, and commercial banking solutions to individual customers, small to medium-sized businesses, corporations, and public institutions.ĮN Bank also provides savings and current accounts, loans, cards, and safe deposit boxes merchant, cash management, and financing services Internet, telephone, mobile, and SMS banking and foreign exchange, currency accounts, trade finance, funds transfers, and wire services.īased in Tehran, the bank employs 3,376 full-time staff (2020) and manages 310 branches (2020). The Top Non-Government-Owned Banks in Iran Include: EN BankĮstablished in 2001, EN Bank, also known as Eghtesad Novin Bank, was the first private bank in Iran. To learn more, see our lists of financial institutions. However, Moody’s is positive that the lifting of nuclear-related trade and financial sanctions on the Islamic republic will be credit-positive for banks in Iran.įor anyone considering a banking career in Iran, this list of top banks in Iran is a helpful guide on where to start. Recent ratings on Iran’s banking system are unavailable. Improve the growth potential of the country.
Maintain the equilibrium in the country’s balance of payments.Maintain the value of the national currency.The other functions of Iran’s central bank include: It issues banknotes and coinage and supervises credit institutions and banks in Iran. Founded in 1960, the Iranian central bank is a government-owned enterprise. The Central Bank of the Islamic Republic of Iran serves as the country’s central monetary authority.
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