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Bank Keshavarzi Iran

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Keshavarzi Bank
Company typeState-owned enterprise
IndustryBanking, Financial services
Founded1933; 91 years ago (1933)
HeadquartersTehran, Iran
Area served
Iran
Key people
Vahab Mottaghinia,
(Acting) CEO
ProductsFinance and insurance
Consumer Banking
Corporate Banking
Investment Banking
Investment Management
Global Wealth Management
Private Equity
Mortgages
Credit Cards
RevenueIncrease US$2.91 billion (2016)[1]
Increase US$1.3 million (2007)
Total assets$18.29 million dollars (2007)
Number of employees
16,115 (full-time)[2]
Websitehttp://www.bki.ir/en

Keshavarzi Bank (Persian: 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 and as a Farming and Industrial Bank. Currently, the bank serves as the only specialized financial institution in the agricultural sector that holds over 1800 branches nationwide and finances nearly 70% of the Iranian agricultural sector.[3]

While established in Tehran, the bank operates throughout the nation with over 16,000 employees and 1800 branches.[2] The bank currently specializes in providing credit facilities for agricultural development and other rural development activities.[4]

Operations

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Central branch of Keshavarzi bank in Nishapur

The bank currently operates throughout the country, housing a total of 1800 branches. In addition to offering short and fixed deposit accounts for domestic and overseas clients, the bank provides letters of credit, treasury, currency exchange, corporate loans syndication, financial advisory and electronic banking services.[5]

In 2003 a pilot branch was exclusively designed in Tehran to service teens exclusively. Currently, there are 85 branches across Tehran holding special windows for services offered to children and young people. Similar windows have recently been opened in provincial directorates.[3]

In 2009, the bank was awarded the Association of Development Financing Institutions of Asia and the Pacific's award for agricultural and environmental development.[3]


Significant Incident

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In February 1990, the bank's central branch in Hamedan experienced a tragic robbery. The event resulted in the loss of life of the bank manager Abdulrahman Nafisi, his family, and a security guard. The bank manager, Abdulrahman Nafisi, displayed extraordinary courage by prioritizing the safety of the bank's funds over his own life. Despite being under torture, he pleaded with the robbers to take his personal belongings instead of the people's money.[6]

The incident occurred at the Central branch of Bank Keshavarzi Iran in Hamedan

See also

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References

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  1. ^ "Top 100 Iranian Companies". Archived from the original on 12 June 2018.
  2. ^ a b "Archived copy" (PDF). Archived from the original (PDF) on 25 October 2010. Retrieved 27 July 2010.{{cite web}}: CS1 maint: archived copy as title (link)
  3. ^ a b c "Bank Keshavarzi of Iran".
  4. ^ "Archived copy". Archived from the original on 15 June 2011. Retrieved 27 July 2010.{{cite web}}: CS1 maint: archived copy as title (link)
  5. ^ "Stocks". www.bloomberg.com.
  6. ^ https://www.isna.ir/news/99112116134/بازخوانی-جنایت-هولناک-۲۲-بهمن-۶۸-در-همدان [bare URL]
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