Sarmayeh Bank is a major

Iran Iran, officially the Islamic Republic of Iran, and also called Persia, is a country located in Western Asia. It is bordered by Iraq and Turkey to the west, by Azerbaijan and Armenia to the northwest, by the Caspian Sea and Turkmeni ...

ian banking establishment offering

retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and t ...

commercial Commercial may refer to: * a dose of advertising conveyed through media (such as - for example - radio or television) ** Radio advertisement ** Television advertisement * (adjective for:) commerce, a system of voluntary exchange of products and s ...

and

investment banking Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated wit ...

services. The company was established in 2005 as a part of the government's

privatization Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...

of the banking system. Sarmayeh Bank is listed in Farabourse. In 2006, Sarmayeh Bank had an initial equity capital of $365.150 million.

Operations

The bank currently operated throughout the country, housing a total of 153 branches. In 2008, the Bank established several branches overseas in the

Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...

United Arab Emirates The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia (The Middle East). It is located at th ...

and

Tajikistan Tajikistan (, ; tg, Тоҷикистон, Tojikiston; russian: Таджикистан, Tadzhikistan), officially the Republic of Tajikistan ( tg, Ҷумҳурии Тоҷикистон, Jumhurii Tojikiston), is a landlocked country in Centr ...

. Sarmayeh Bank operates as a

private bank Private banks are banks owned by either the individual or a general Partner (business rank), partner(s) with limited partner(s). Private banks are not incorporation (business), incorporated. In any such case, creditors can look to both the "enti ...

; In addition to offering short and

fixed deposit A fixed deposit (FD) is a financial instrument provided by banks or NBFCs which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate accou ...

accounts for domestic and overseas clients, The bank also provides financial advisory, letters of credit, treasury,

currency exchange A bureau de change (plural bureaux de change, both ) (British English) or currency exchange (American English) is a business where people can exchange one currency for another. Nomenclature Although originally French, the term "bureau de chang ...

, corporate loans syndication, and electronic banking services.

Shareholders

Sarmayeh Bank is currently the largest shareholder of the Bank. However, the bank currently has over 300,000 other shareholders.

Corporate governance

* Alireza Heydarabadi Pour - President and CEO 2015–present Current members of the

board of directors A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organiz ...

include: Mohammadreza Khani, Bahman Khadem and Mohammad Zarepour Ashkzari.http://en.sbank.ir/content/view/59/

References

External links

* Banks of Iran Banks established in 2000 Iranian companies established in 2000 {{Iran-stub

Operations

Shareholders

Corporate governance

See also

References

External links