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Qarz Al-Hasaneh Mehr Iran Bank
Qarz Al-Hasaneh Mehr Iran Bank ( fa, بانک قرضالحسنه مهر ایران, ''Bank Qârzalhesinuh-e Miher-e Iran''), 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. History ''QMB'' with an initial capital of 15,000 milliard Rials and the participation of 10 major banks in the country was inaugurated by the then President Mahmoud Ahmadinejad on 13 December 2007 and received an official license from the Central Bank of Iran on 8/27/2008. The initial capital of Bank Mehr Iran at the beginning of its activity was 15,000 billion Rials, until with the approval of the General Assembly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (economics), profit for the Government, government, control monopoly of the Private sector, private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of Profit (economics), financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Saderat Iran
Bank Saderat Iran (BSI) ( fa, 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. Bank Saderat Iran has around 3,500 offices in 12 countries and territories across Europe, the Middle East and Asia, and around 10 million customers. As of 30 June 2013, it had total assets of $59.110 billion. BSI has 28 international branches and services in 12 countries. History On 7 June 1979, after the Iranian Revolution, all Iranian private banks were nationalized, quite to the dismay of the founding families, and became state-owned. In 1980, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iranian Companies Established In 2007
Iranian may refer to: * Iran, a sovereign state * Iranian peoples, the speakers of the Iranian languages. The term Iranic peoples is also used for this term to distinguish the pan ethnic term from Iranian, used for the people of Iran * Iranian languages, a branch of the Indo-Iranian languages * Iranian diaspora, Iranian people living outside Iran * Iranian architecture, architecture of Iran and parts of the rest of West Asia * Iranian foods, list of Iranian foods and dishes * Iranian.com, also known as ''The Iranian'' and ''The Iranian Times'' See also * Persian (other) * Iranians (other) * Languages of Iran * Ethnicities in Iran * Demographics of Iran * Indo-Iranian languages * Irani (other) Irani may refer to the following: * Anything related to Iran * Irani (India), an ethno-religious group of Zoroastrian Iranian ancestry in the Indian subcontinent * Irani, Santa Catarina * Irani café People with the surname * Adi Irani (born 194 ... * List of I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 2007
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Construction In Iran
The construction industry of Iran is divided into two main sections. The first is government infrastructure projects, which are central for the cement industry. The second is the housing industry. In recent years, the construction industry has been thriving due to an increase in national and international investment to the extent that it is now the largest in the Middle East region. The Central Bank of Iran indicate that 70 percent of the Iranians own homes, with huge amounts of idle money entering the housing market.Iran Daily – Domestic Economy – 12/23/06 Iran has three shopping malls among the largest shopping malls in the world. Iran Mall is the larges ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In Iran
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. Since 2001 the Iranian Government has moved toward liberalising the banking sector, although progress has been slow. In 1994 Bank Markazi (the central bank) authorised the creation of private credit institutions, and in 1998 authorised foreign banks (many of whom had already established representative offices in Tehran) to offer full banking services in Iran's free-trade zones. The central bank sought to follow this with the recapitalisation and partial privatisation of the existing commercial banks, seeking to liberalise the sector and encour ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sepah Bank
Bank Sepah ( fa, بانک سپه, ''Bānke Sepah''), the first banking and Insurance in Iran, Iranian bank, was established in 1925 (corresponding to 1304 in the Iranian Calendar). 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 4 other Iranian banks and 1 Credit Institution named: ''Ansar Bank, Mehr Eghtesad Bank, Hekmat Iranian Bank, Ghavamin Bank and Kosar Credit Institution''. History Bank Sepah was officially founded on May 4, 1925, with its first branch in Sepah st. in Tehran. Initially, an investment of 3,883,950 Iranian Rials was made from the military ranked personnel pension fund and the bank was set to exclusively provide military personnel with financial aids such as loans. With further increase in their domain of services, the headquarters for the bank was moved to a larger building in Homayoon st. Starting on March ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Export Development Bank Of Iran
Export Development Bank of Iran (EDBI) ( fa, 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. Overview Pursuant to the approval made by the Extraordinary General Assembly Meeting of the Banks, the Export Development Bank of Iran was founded on 10 July 1991, and subsequently became operational on 24 November 1991, as a state-owned bank. Under its charter, EDBI acts as the administrative arm of the Government of Iran to contribute to the national economy, through promoting non-oil export of goods and other technical and engineering services of Iranian origin and also to enhance economic cooperation with other countries. Access to the Sovereign Wealth Fund The Export Development Bank of Iran has access to the Government Fund ( Sovereign Wealth Fund ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Industry And Mine
Bank of Industry and Mine ( fa, بانک صنعت و معدن, ''Bank Sana't-e ve Ma'dæn'') is an Iranian government owned specialized bank 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. In 2017, A Chinese state-owned investment firm provided a $10 billion credit line for five Iranian banks, including the Bank of Industry and Mine, in order to support projects in the country." In light of US sanctions, The bank, and its subsidiaries, have had financial dealings with Danish and German Banks. See also *Banking in Iran *Industry of Iran *Mining in Iran *Iran Chamber of Commerce Industries and Mines *The Bank of Industry *Geological Sur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Refah Bank
Bank Refah Kargaran, also known as Bank Refah (in fa, بانک رفاه, ''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 full range of products and services to more than a million clients. Its SWIFT address is REFAIRTH. History The workers' bank Bank Refah was established in 1960 to provide basic banking services to the Iranian workers. Those services included collection of insurance premiums, payment of salaries and pensions, mortgages and personal loans. Bank Refah was categorized as a non-commercial bank until it was nationalized in 1979 less than a year after the Islamic Revolution. With the Nationalization law passed by the Islamic Majlis of Iran, the bank's ownership was transferred to the government. It was also recategorized as a commercial bank. Ownership In accordance with article 39 of Iran's 1959 fiscal b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Keshavarzi Iran
Keshavarzi Bank ( fa, بانکِ کشاورزی, ''Bank-e-Keshavarzi''), (meaning: Bank of Agriculture) 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. While established in Tehran, the bank operates throughout the nation with over 16,000 employees and 1800 branches. The bank currently specializes in providing credit facilities for agricultural development and other rural development activities. Operations The bank currently operates throughout the country, housing a total of 1800 branches. In addition to offering short and fixed deposit accounts for domestic and overseas clients, the bank provides letters of credit, treasury, currency exchange, cor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Maskan
Bank Maskan ( fa, بانک مسکن, ''Bank Mesken''), also known as the Housing Bank, is a bank in Iran. In 2008, the Central Bank banned all banks and other financial institutions, except for Maskan Bank, from providing residential mortgages. Structure Their subsidiaries include: *Housing Investment Company (; ''Šerkat Sarmāye Gozāri Maskan''), established 1991; they received the Iran National Quality Award (جايزه ملي كيفيت ايران) in 2004 History A new CEO Mahmood Shayan () was appointed in August 2020. See also *Banking and Insurance in Iran *Construction in Iran *Ministry of Housing and Urban Development (Iran) The Ministry of Roads and Urban Development ( fa, وزارت راه و شهرسازی, ''Vezārat-e Rāh-e va Shahrsāzi'') is an Iranian government body in charge of providing and regulating the country's transport infrastructure (including ... References External links * https://www.bank-maskan.ir/web/english Banks established ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
