Keshavarzi Bank

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Keshavarzi Bank
Type Government owned
Industry Financial services
Founded Tehran, Iran , 1933
Headquarters Tehran, Iran
Key people Mohammad Talebi,
chief executive officer
Products Retail banking
Transaction accounts
Insurance
stock brokerage
Investment bank
Asset-based lending
Consumer finance
Trade
International payments
Foreign exchange
Revenue Increase $1.273 Million dollars (2007)
Net income Increase 1.3 million dollars (2007)
Total assets $18.29 million dollars (2007)
Employees 16,115 (full-time)[1]
Website www.agri-bank.com
Central branch of Keshavarzi bank in Nishapur

Keshavarzi Bank (Persian: بانک کشاورزی‎), 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.[2]

While established in Tehran, the bank operates throughout the nation with over 16,000 employees and 1800 branches.[3] The bank currently specializes in providing credit facilities for agricultural development and other rural development activities.[4]

Operations[edit]

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 also 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.[6]

In 2009, the bank was awarded the Association of Development Financing Institutions of Asia and the Pacific's award for agricultural and environmental development.[7]

Corporate governance[edit]

Current members of the board of directors include: Heshmatollah Nazari, Habibollah Salami and Davor Mahikahr.[8]

See also[edit]

References[edit]

External links[edit]