Post Bank of Iran

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Post Bank of Iran
Government owned
Traded asTSE: BPST1
ISIN: IRO1BPST0007
IndustryFinancial services
Founded2006
HeadquartersTehran, Iran
Key people
Khosro Farahi (Chairman of the Board & Managing Director )[1]
ProductsBanking
Websitewww.postbank.ir

Post Bank of Iran (Persian: پست بانک ایران‎) is an Iranian bank.

History[edit]

Post Bank of Iran was formally established in 2006. It is the eleventh state owned bank in Iran.[2]

International issues[edit]

On 6 September 2013, the European General Court in Luxembourg ruled to annul the European Union (EU) sanctions in place since 2010 against the bank on grounds of supporting the Iranian nuclear and missile programs, as EU governments had not proved the accusations against the bank.[3][4] As of 2016, the EU asset freeze was still in effect.[5]

See also[edit]

References[edit]

  1. ^ "Archived copy". Archived from the original on 2012-09-08. Retrieved 2011-03-03.CS1 maint: Archived copy as title (link)
  2. ^ "Archived copy". Archived from the original on 2012-09-10. Retrieved 2011-03-03.CS1 maint: Archived copy as title (link)
  3. ^ James Kanter (6 September 2013). "E.U. Wrongly Imposed Sanctions on 7 Iranian Companies, Court Rules". New York Times. Retrieved 6 September 2013.
  4. ^ "The General Court annuls the acts of the Council freezing the funds of seven companies and one person in connection with the restrictive measures taken against Iran with the aim of preventing nuclear proliferation" (PDF). General Court of the European Union. 6 September 2013. Press Release No 99/13. Retrieved 6 September 2013.
  5. ^ "European Union and United Kingdom Sanctions Update: March 2016". K&L Gates. 17 March 2016. Retrieved 21 May 2016.

External links[edit]