With a day to day revolutionizing of world’s different industries resulting in economy and finance of the countries, there is a need to keep updated with the latest stats. When it comes to the economy and finance sector of Iran, there is always a relation or comparison between pre revolution or post revolution statistics. Iranian banks have been playing an important role in providing best banking and investment services whether it is a government or private bank. You want to know the best Iranian banks of present time? Here you go with a list of ten biggest banks of Iran.
1. Bank Melli
Established in 1927 by the Iranian Parliament, Bank Melli is the first national Iranian bank. BMI has been one of the most influential banks in Iran since its establishment and is now considered as the hub of commercial retail banking in Iran and Middle East with over 43,000 employees. It is owned by the government of Iran.
2. Bank Saderat
Bank Saderat is always there when talking about biggest banks of Iran. It was established in 1952 by Mofarrah and Bolurfrushan families. BSI’s headquarters are in Tehran and it has now wide spread in Asia, Middle East and Europe. It has got 3,500 offices in twelve countries altogether. It is the largest bank in Iranian multinational banking and financial services.
3. Bank Sepah
Another government based corporation on the list, bank Sepah is the first Iranian bank officially. It was established in 1925 in Rasht by Iranian Army Pension Fund. It has now its branches in Paris, Frankfurt and Rome as well.
4. Bank Pasargad
Bank Pasargad is relatively the newest one in our list of banks of Iran. This bank was established in 2005 as one of the part of government’s privatization of banking system. BPI was ranked in the list of top 100 amazing banks of the world by THE BANKER magazine.
5. Bank of Industry and Mine
Bank of industry and mine is yet another government owned Iranian bank which was established in 1959 in Tehran. It serves as an assistance that provides banking facilities to develop the industry and mining sectors of Iran.
6.Export Development Bank of Iran
The next on the list is Export Development Bank of Iran which is again government owned import-export bank of Iran. It was established in 1991 and its headquarters are in Tehran. This is a bank for Iranian exporters and investors to provide them financial assistance and banking service for their traits.
7. Bank Tejarat
An old and renowned name in the list of Iranian banks, Bank Tejarat was established in 1979 with its headquarters in Tehran. It now serves over Middle east, Asia and Europe with six branches in different countries.
8. Bank Mellat
Bank Mellat is wholly a private bank if we come to think of Biggest Iranian banks. It was established in 1980 as a merger of pre-revolution private banks. Currently, it comes in the list of largest commercial banks of Republic of Iran and also one of the best banks in the list of top 1000 best banks of the world.
9. Eghtesad Novin Bank
Eghtesad Novin bank also known as EN bank is another emerging banks in the list of Iranian banks. It was founded in 2000 by Eghtesad family. It is one of the best source of offering retail, commercial and investment banking services in Iran. It is the first Private bank of Iran.
10. Karafarin Bank
The first private bank to be founded after the Iranian Revolution, the Karafarin bank came into being in 2001. It is one of the leading private banks of Iran and headquartered in Tehran.