Draft:Iran Zamin Bank
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Native name | بانک ایران زمین |
|---|---|
| Formerly | Financial and credit institution of Mowla Al-Mowahedin |
| Company type | Public company |
| TSE: ZMNP1 ISIN: IRO7ZMNP0001 | |
| Industry | Financial services |
| Founded | 1998 in Khorasan |
| Founder | A group of Iranian investors |
| Headquarters | , |
Number of locations | 262 branches |
Area served | Iran |
Key people | Abdul Majid Poursaid (Managing director) |
| Products | Retail banking, loans |
Number of employees | 1,988 |
| Website | www |
Iran Zamin Bank (Persian: بانک ایران زمین) is an Iranian bank that is headquartered in Tehran and provides banking services and insurance in Iran. The bank operates a network of 262 branches across the country.
In 2011 it was listed on the Tehran Stock Exchange as a publicly listed company. The establishment of this bank followed the approval of the Central Bank of Iran in November 2008 to upgrade from the financial institution of Mowla Al-Mowahedin to a bank.[1]
In 2020, the bank was sanctioned by the U.S. Department of the Treasury together with other Iranian banks.[2][3][4]
History
[edit]The Financial and credit institution of Mowla Al-Mowahedin was established in 1998 by a group of Iranian investors in Khorasan province, with 400 branches operating throughout the country.[5]
Using its own cash reserves and without government support, Mowla Al-Mowahedin financial institution managed to provide funds to depositors and return their deposits through 160 branches, amounting to 4,180 billion rials. In February 2011, with the Central Bank's approval, Mowla Al-Mowahedin financial institution was elevated to the status of a bank and rebranded as Iran Zamin Bank.[6]
US Sanctions 2020
[edit]Iran Zamin Bank is among the banks that were sanctioned by the U.S. Department of the Treasury on October 8, 2020, and placed on the blacklist of this department.[7][8][9]
Subsidiaries
[edit]- Datam Commerce Development (100% ownership)
- Iran Investment Company (35.95% ownership)
- Arman Insurance (19.78% ownership)
- Kish IFS (18.65% ownership)
- Tamin Atieh Sarzamin Iranian (100% ownership)
- Pak Energy Nikoo Gostar (99.9% ownership)[10]
References
[edit]- ^ "اهداف بانک". 20 October 2021. Archived from the original on 20 October 2021. Retrieved 10 June 2024.
- ^ رادیوفردا (8 October 2020). "آمریکا ۱۸ بانک دیگر ایران را تحریم کرد". رادیو فردا (in Persian). Retrieved 10 June 2024.
- ^ "دولت ترامپ ۱۸ بانک ایرانی را تحریم کرد". BBC News فارسی (in Persian). Retrieved 10 June 2024.
- ^ "Treasury Sanctions Eighteen Major Iranian Banks". U.S. Department of the Treasury. 8 October 2020.
- ^ "روند تحول و تکامل بانک ایران زمین". فرهنگ اقتصاد. Retrieved 10 June 2024.
- ^ alefbakhabar. "الفباخبر :: بانک ایران زمین را بیشتر بشناسیم + تاریخچه". www.alefbakhabar.com (in Persian). Retrieved 10 June 2024.
- ^ رادیوفردا (8 October 2020). "آمریکا ۱۸ بانک دیگر ایران را تحریم کرد". رادیو فردا (in Persian). Retrieved 10 June 2024.
- ^ "دولت ترامپ ۱۸ بانک ایرانی را تحریم کرد". BBC News فارسی (in Persian). Retrieved 10 June 2024.
- ^ "آمریکا ۱۸ بانک ایران را تحریم کرد". ار.اف.ای - RFI (in Persian). 9 October 2020. Retrieved 10 June 2024.
- ^ "صورت‌های مالی تلفیقی 12 ماهه منتهی به 1397/12/29 (حسابرسی شده)". 9 September 2022. Archived from the original on 9 September 2022. Retrieved 10 June 2024.