Qarz Al-Hasaneh Mehr Iran Bank in Tehran

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

Rial Rial, riyal, or RIAL may refer to: * Rial (surname), a surname (and list of people with the name) * Royal Institution for the Advancement of Learning, McGill University * Rial Racing, a former German Formula One team Various currencies named rial ...

s and with the participation of Iranian government owned specialized banks, was inaugurated by then-

President President most commonly refers to: *President (corporate title) *President (education), a leader of a college or university *President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ful ...

Mahmoud Ahmadinejad Mahmoud Ahmadinejad ( fa, محمود احمدی‌نژاد, Mahmūd Ahmadīnežād ), born Mahmoud Sabbaghian ( fa, محمود صباغیان, Mahmoud Sabbāghyān, 28 October 1956),

in 2007. The central branch of this bank is located in

Tehran Tehran (; fa, تهران ) is the largest city in Tehran Province and the capital of Iran. With a population of around 9 million in the city and around 16 million in the larger metropolitan area of Greater Tehran, Tehran is the most popul ...

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

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 in 1399, the capital of this bank increased to 25,000 billion Rials. On 10 January 2019, the

Central Bank of 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 ...

issued an official license to the bank.

Sanctions

On 8 October 2020 the

United States Department of the Treasury The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and t ...

sanctioned 18 Iranian banks, including Mehr Iran Bank, which the department claims are "additional avenue that funds the Iranian government’s malign activities".

Fund

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 in 1399, the capital of this bank increased to 25,000 billion Rials.QMB Pages

Bank shareholders

The shareholders of Bank Mehr Iran include

Bank Melli Iran Bank Melli Iran (BMI; fa, بانک ملی ایران, lit=National Bank of Iran, ''Bânk-e Melli-ye Irân'') is the first national and commercial retail bank of Iran. It is considered as the largest Iranian company in terms of annual income with ...

Bank Mellat Bank Mellat ( fa, بانک ملت, ''Bank Milât'', lit. ''People's Bank'') 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-revol ...

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 ...

Bank Sepah Bank Sepah ( fa, بانک سپه, ''Bānke Sepah''), the first 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 an ...

Tejarat Bank Tejarat Bank (Persian: بانک تجارت, ''Bank Tejarat'', ''Mercantile Bank'' also "Commerce Bank") is an Iranian Bank. History (1887 – 1995) In 1887 a British bank named The East Modern Bank (Bank Jadid Sharq) established branches in s ...

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. ...

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 ...

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 Organ ...

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 ...

and

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 ...

. *

21.5% *

15.5% *

14.3% *

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 b ...

11.3% *

11.7% *

9.8% *

3.5% *

2.04% *

0.96%

International issues

Mehr Bank of Iran was opened as the first Qarz al-Hasna Bank in the country on 13 December 2007 and on 27 September 2008 it received the official license of the Central Bank. * Selected as the third top bank in the Islamic world in 2018 * Awarding the Islamic World Economic Elite Award to Seyed Saeed Shamsinejad (CEO of Gharz al-Hasna Mehr Bank of Iran)

References

External links

Qarz Al-Hasaneh Mehr Iran Bank
{{DEFAULTSORT:Qarz Al Hasaneh Mehr Iran Bank Banks established in 2007 Iranian companies established in 2007 Government-owned banks of Iran companies based in Tehran