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Bank of Industry and Mine ( fa, بانک صنعت و معدن, ''Bank Sana't-e ve Ma'dæn'') is an
Iranian government The Government of the Islamic Republic of Iran ( fa, نظام جمهوری اسلامی ایران, Neẓām-e jomhūrī-e eslāmi-e Irān, known simply as ''Neẓām'' ( fa, نظام, lit=the system) among its supporters) is the ruling state a ...
owned specialized bank 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 ...
,
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 ...
. It endeavours to increase
economic growth Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. Statisticians conventionally measure such growth as the percent rate of ...
through the development of
industry Industry may refer to: Economics * Industry (economics), a generally categorized branch of economic activity * Industry (manufacturing), a specific branch of economic activity, typically in factories with machinery * The wider industrial sector ...
and
mining Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic via ...
. 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 Industry may refer to: Economics * Industry (economics), a generally categorized branch of economic activity * Industry (manufacturing), a specific branch of economic activity, typically in factories with machinery * The wider industrial sector ...
,
mining Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic via ...
, 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

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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 o ...
*
Industry of Iran According to a report by ''The Economist'', Iran has been ranked 39th for producing $23 billion of industrial products in 2008. From 2008 to 2009 Iran has leaped to 28th place from 69th place in annual industrial production growth rate. T ...
*
Mining in Iran Mining in Iran is still under development, yet the country is one of the most important mineral producers in the world, ranked among 15 major mineral-rich countries, holding some 68 types of minerals, 37 billion tonnes of proven reserves and ...
*
Iran Chamber of Commerce Industries and Mines The Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit non-governmental institution, established to facilitate economic growth and development in the country. ICCIMA is a forum in the field of industries, mines an ...
*
The Bank of Industry Bank of Industry Limited (abbreviated as 'BOI') is the oldest and largest Development Finance Institution (DFI) currently operating in Nigeria. It is owned by the Ministry of Finance Incorporated (MOFI) Nigeria (94.80%), the Central Bank of Ni ...
*
Geological Survey and Mineral Exploration of Iran The Geological Survey and Mineral Exploration of Iran or in brief GSI is a government agency responsible for conducting geological and mineral surveys throughout the country, collecting the results of activities carried out in this field, establis ...


References


External links


Bank of Industry and Mine
Banks of Iran Iranian companies established in 1983 Banks established in 1983 Ministry of Industry, Mine and Trade (Iran) Iranian entities subject to the U.S. Department of the Treasury sanctions {{asia-bank-stub