Tejarat Bank
Iranians Bank | |
Founded | 1979 |
---|---|
Headquarters | Tehran, Iran |
Area served | Middle East Asia Europe[1] |
Key people |
|
Products | mortgage loans, wealth management, credit cards, |
Revenue | 9,381,724 m IRR |
Total assets | 36,331,810 m IRR |
Number of employees | 17,586 |
Subsidiaries | Persia International Bank |
Website | tejaratbank.ir |
Tejarat Bank (
History (1887 – 1995)
This section needs additional citations for verification. (October 2021) |
In 1887 a
The dealing center in Tehran and the bank were recognized under the laws of Britain, and London was its main center. This bank established some branches in other cities of Iran, and also in various other countries. The exclusive privileges of publishing paper money, tax exemption, performing commercial-industrial affairs, profiting from all subterranean resources, etcetera was awarded to the mentioned bank. Concentration of the governmental accounts and the treasury funds in Bank Shahi and the said bank's interference in marital and civic affairs led to its absolute domination of the financial affairs of Iran. Bank Shahi was a private institution.
Bank Shahi continued to be active under the same title until February 1949 when its 60-year concession expired, and thereafter renamed "British Bank in Iran and
To execute the Banks Nationalization Act approved in 1979 and subsequently in execution of the bank's integration; integrating Bank Bazargani, five domestic commercial banks, and six previous multi-nationality banks which were active in international and domestic fields, Bank Tejarat (which means Mercantile or Commerce Bank in Persian) was established.[5]
Recent history
In 2009 the bank was partially privatized, with the Iranian state remaining as a minority shareholder.[6]
In January 2014, the
International branches
Tejarat Bank has six branches in other countries.[1]
Subsidiary companies
Tejarat Bank is one of the main shareholders of Kardan Investment Bank alongside Saman Bank and Middle East Bank which was founded in 2014.
Cooperation with UNICEF
For the first time in 2018, Tejarat Bank has signed a memorandum of cooperation with UNICEF to improve the health, nutrition, education, care and overall well-being of children in Iran. and extended this cooperation again in August 2023.[10]
See also
- Banking and insurance in Iran
- List of Iranian companies
- Privatization in Iran
References
- ^ a b :: Tejaratbank-Branches ::. Tejaratbank.ir. Retrieved on March 13, 2011.
- ^ :: Tejaratbank-Board Of Directors ::
- ^ :: Tejaratbank-Board Of Directors ::
- ^ Non-Government-Owned Banks. Cbi.ir. Retrieved on March 13, 2011.
- ^ :: Tejaratbank-Home ::. Tejaratbank.ir. Retrieved on March 13, 2011.
- ^ a b Adrian Croft (January 22, 2015). "EU court annuls sanctions on Iranian bank, shipping firms". Reuters. Retrieved March 7, 2015.
- ^ Adrian Croft (April 8, 2015). "EU re-imposes sanctions on Iranian bank, 32 shipping firms". Reuters. Retrieved September 22, 2015.
- ^ "Information Note on EU sanctions to be lifted under the Joint Comprehensive Plan of Action (JCPOA)" (PDF).
- ^ "Iran's Tejarat Bank Sues EU after embargo is lifted".
- ^ "To promote children's well-being: UNICEF and Tejarat Bank extend partnership for three more years". www.unicef.org. Retrieved January 4, 2024.