Qarz Al-Hasaneh Mehr Iran Bank
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| Company type | State-owned enterprise |
|---|---|
| Industry | Banking, Financial services |
| Founded | December 13, 2007 |
| Founder | Mahmoud Ahmadinejad, President of Iran |
| Headquarters | No. 204, Taleghani St., , |
Number of locations | 568 branches across Iran |
Key people | Morteza Akbari (CEO) |
| Services | Consumer banking |
| Website | www |
Qarz Al-Hasaneh Mehr Iran Bank (Persian: بانک قرضالحسنه مهر ایران), also known as QMB, is an Iranian financial services and banking company that provides offering retail services, investment management and Gharz al-Hasna facilities. Gharz al-Hassaneh Mehr Bank of Iran, with an initial capital of 15,000 Milliard Rials and with the participation of Iranian government owned specialized banks, was inaugurated by then-President Mahmoud Ahmadinejad in 2007.[1][2] The central branch of this bank is located in Tehran.
History
QMB with an initial capital of 15,000 milliard Rials and the participation of 10 major banks in the country was inaugurated by the then President Mahmoud Ahmadinejad on 12/13/2007 and received an official license from the Central Bank of Iran on 8/27/2008.[3] The bank started with 300 independent branches (assigned by shareholder banks) and 1,700 counters in selected branches of Bank Melli Iran and Bank Saderat Iran, after which the branches continued to operate independently and the counters located in shareholder banks were disbanded.[citation needed]
On January 10, 2019, the Central Bank of Iran issued an official license to the bank.[4]
Sanctions
On October 8, 2020 the United States Department of the Treasury sanctioned 18 Iranian banks, including Mehr Iran Bank, which the department claims are "additional avenue that funds the Iranian government’s malign activities".[5][6][7]
- Bank Melli Iran 21.5%
- Bank Mellat 15.5%
- Bank Saderat Iran 14.3%
- Sepah Bank 11.3%
- Tejarat Bank 11.7%
- Bank Maskan 9.8%
- Bank Keshavarzi Iran 9.8%
- Refah Bank 3.5%
- Bank of Industry and Mine 2.04%
- Export Development Bank of Iran 0.96% [citation needed]
International issues
- Selected as the third top bank in the Islamic world in 2018[8][9]
- Awarding the Islamic World Economic Elite Award to Morteza Akbari (CEO of Gharz al-Hasna Mehr Bank of Iran)[10]
See also
References
- ^ http://www.fardanews.com/fa/pages/?cid=41798
- ^ http://www.farsnews.com/newstext.php?nn=8604090380
- ^ asriran.com/00085H
- ^ https://www.cbi.ir/BanksInstitutions/BankInstitute.aspx
- ^ "U.S. Sanctions 18 Iranian Banks in Move to Choke Off Economy". Bloomberg.com. 2020-10-08. Retrieved 2021-01-06.
- ^ "آمریکا ۱۸ بانک دیگر ایران را تحریم کرد". رادیو فردا (in Persian). Retrieved 2021-01-06.
- ^ "Treasury Sanctions Eighteen Major Iranian Banks | U.S. Department of the Treasury". home.treasury.gov. Retrieved 2021-01-06.
- ^ https://www.thebanker.com/Awards/Bank-of-The-Year-Awards/Bank-of-the-Year-Awards-2018-Middle-East?ct=true
- ^ https://www.asre-eghtesad.com/bazaar/cat-1/61389
- ^ http://www.ibena.ir/news/103986/