EN Bank

Eghtesad Novin Bank
Type Public
TSE: NOVN1
Industry Financial services
Founded Tehran, Iran , 2001
Headquarters Tehran, Iran
Key people Mohammad Botshekan (CEO)
Products Retail banking
Transaction accounts
Insurance
stock brokerage
Investment bank
Asset-based lending
Consumer finance
Trade
International payments
Foreign exchange
Revenue 1.8 Billion IRR (2010)
Net income 1.2 Billion IRR (2010)
Total assets 56.65 Billion IRR (2010)[1]
Employees 2077 (Full-time equivalent, 2009)
Website www.en-bank.com

EN Bank, also known as Eghtesad Novin Bank, 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.[2]

While established in Tehran, the bank operates throughout the nation with 2077 employees, 622 ATMs and 200 branches.[3]

EN Bank is Iran's first private bank,[4]. It is currently listed under the Tehran Stock Exchange and was listed as one of Iran's top 200 companies.[5] The bank was also awarded Euromoney magazine's best bank of Iran in 2009.[6]

Contents

Operations

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.[7]

Shareholders

The EN group Holding company is the largest shareholder of the bank[8]. Other major shareholders include Ghadir Investment Company,[9] Farhangian Investment Company,[10] Iran Zinc Mines Development Company,[11] Sakhteman Investment Company of Iran holding[12] and some of the mining companies and other companies. The share capital is 1000 Billion Iranian Rials (around $100M).

Corporate governance

Current members of the board of directors are: Mohammad Hasheminejad, Morteza Azizi and Dr. Ali Manavirad.[13]

See also

References

  1. ^ http://www.iranbourse.com/Default.aspx?tabid=217&sCode=651902
  2. ^ http://english.en-bank.com/Site.aspx?ParTree=12111A1311
  3. ^ http://english.en-bank.com/Site.aspx?ParTree=12111A1312
  4. ^ http://english.en-bank.com/Site.aspx?ParTree=12111A1311
  5. ^ http://www.emergingmarketsanalysis.com/web/iran/list_ind.htm
  6. ^ http://english.en-bank.com/Site.aspx?ParTree=12111A1318
  7. ^ http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=105703507
  8. ^ http://english.en-bank.com/Site.aspx?ParTree=12111A1316
  9. ^ http://ghadir-invest.com/
  10. ^ http://szf.ir/
  11. ^ http://www.izmdc.com/
  12. ^ http://www.icic.ir/
  13. ^ http://english.en-bank.com/Site.aspx?ParTree=12111A1316

External Links

Agribank • AminIB • Bank Melli • Bank Mellat • Bank Maskan • BIM • BPI • Central Bank of Iran • City Bank • Day Bank • EDBI • EN Bank • Karafarin Bank • Mehr • Parsian Bank • Persia International Bank • Post Bank • Refah Bank • S-Bank • Sedarat • Saman Bank • Sepah Bank • Sina Bank • TT Bank • Tat Bank • Tejarat Bank • Tourism Bank
Subsidaries:
Arian Bank (Afganistan) • Mellat Bank SB CJSC (Armenia) • Futurebank (Bahrain) • Onerbank (Belarus) • Torgonov Kapital (Belarus) • EIH (Germany) • First East Export Bank (Malaysia)