|Traded as||TSE: NOVN1
|Founded||Tehran, Iran , 2001|
|Key people||Mohammad Botshekan (CEO)|
|Revenue||1.8 Billion IRR (2010)|
|Net income||1.2 Billion IRR (2010)|
|Total assets||56.65 Billion IRR (2010)|
|Employees||2077 (Full-time equivalent, 2009)|
EN Bank, also known as Eghtesad Novin Bank (Persian: بانک اقتصاد نوین) is a major banking establishment offering retail, commercial and investment banking services in Iran. The company was established in 2000 as a part of the government's privatization of the banking system.
EN Bank is Iran's first private bank,. It is currently listed under the Tehran Stock Exchange and was listed as one of Iran's top 200 companies. The bank was also awarded Euromoney magazine's best bank of Iran in 2009.
EN Bank operates as a private bank in Iran; In addition to retail, corporate, international, and commercial banking, The company offers savings and current accounts, loans, cards, and safe deposit boxes; merchant, cash management, and financing services; Internet, telephone, mobile, and SMS banking; and foreign exchange, currency accounts, trade finance, fund transfer, and wire services. EN Bank also provides utility bill payment service; and complementary financial services, ranging from securities trading to insurance.
The EN group Holding company is the largest shareholder of the bank. Other major shareholders include Kamran Eghtesad, Ghadir Investment Company, Farhangian Investment Company, Iran Zinc Mines Development Company, Sakhteman Investment Company of Iran holding and some of the mining companies and other companies. The share capital is 1000 Billion Iranian Rials (around $100M).
- Mohammad Botshekan - President and CEO 2001–present