| 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 | $1.273 Million dollars (2007) |
| Net income | 1.3 million dollars (2007) |
| Total assets | $18.29 million dollars (2007) |
| Employees | 16,115 (full-time)[1] |
| Website | www.agribank.ir.com |
Keshavarzi Bank, 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]
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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]
Current members of the board of directors include: Heshmatollah Nazari, Habibollah Salami and Davor Mahikahr.[8]
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