Post Bank of Iran ( fa, پست بانک ایران, ''Pest Bank Iran'') is an
Iranian bank.
History
Post Bank of Iran was formally established in 2006. It is the eleventh state owned bank in Iran.
International issues
On 6 September 2013, the
European General Court
The General Court, informally known as the European General Court (EGC), is a constituent court of the Court of Justice of the European Union. It hears actions taken against the institutions of the European Union by individuals and member stat ...
in Luxembourg ruled to annul the
European Union
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been de ...
(EU) sanctions in place since 2010 against the bank on grounds of supporting the Iranian nuclear and missile programs, as EU governments had not proved the accusations against the bank.
As of 2016, the EU asset freeze was still in effect.
See also
*
Banking and insurance 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 ...
*
Privatization in Iran
According to the Fourth Five-Year Economic Development Plan (2005–2010), the Privatization Organization of Iran affiliated with the Ministry of Economic Affairs and Finance is in charge of setting prices and ceding shares to the general public ...
References
External links
* http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=35559725
Banks of Iran
Banks established in 2006
Iranian companies established in 2006
Postal savings system
Postal system of Iran
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