Middle East Bank (MEB; fa, بانک خاورمیانه, lit=banke khavarmiyane) is an Iranian bank headquartered in
Tehran. The bank was founded in 2012.
MEB is owned by small private shareholders. They focus on the humanitarian trade with Iran.
On 8 October 2020 OFAC (U.S. Department of the Treasury) changed its sanctions listing. Middle East Bank is - along with all other Iranian banks - SDN-listed and “Subject to Secondary Sanctions”. It is however one of the few banks tagged "IRAN" (categorization as an Iranian financial institution) only and therefore maintained its SWIFT BIC. With the General License published on the same day Middle East Bank can fully maintain its support of the humanitarian business. The up-to-date sanctions status can be found at the following link.
History
Founded on 1 November 2012, the bank began operations in January 2013 and by May, 3 branches had been established with
Rls.1.4 trillion in deposits. In August 2014 they became subject to US sanctions as part of the
wider sanctions against Iran.
In 2018 they opened their first branch in
Germany.
See also
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Bank Markazi Iran
The Central Bank of Iran (CBI), also known as ''Bank Markazi'', officially the Central Bank of the Islamic Republic of Iran ( fa, بانک مرکزی جمهوری اسلامی ايران, Bank Markazi-ye Jomhuri-ye Eslāmi-ye Irān; SWIFT Code: B ...
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Economy of Iran
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Islamic Banking
Islamic banking, Islamic finance ( ar, مصرفية إسلامية), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economic ...
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Banking and Insurance in Iran
References
External links
Official website(Persian)
Official website(English)
State owned banks of Iran{{Banks of Iran
Banks of Iran
Banks established in 2012
Iranian companies established in 2012
companies based in Tehran