| Type | Public TSE: TAT |
|---|---|
| Industry | Financial services |
| Founded | Tehran, Iran, 2009 |
| Headquarters | Tehran, Iran |
| Key people |
Hosseini Hashemi, (CEO) |
| Products | Retail banking, insurance, loans |
| Total assets | 2000 Billion IRR (2009) |
| Website | www.tatbank.ir |
For the area in Sandwell, England see Tat Bank, Sandwell
Tat Bank is an Iranian banking establishment offering retail and commercial services. The company was established in 2009 as a part of the government's privatization of the banking system.[1]
While established in Tehran, the bank operates throughout the nation with 14 branches in Tehran and an additional 50 in the provinces.[2]
Tat Bank is listed under the Tehran Stock Exchange and is currently one of eight private banks in Iran.[3] In 2006, the bank had an initial capital assessment of $250 million.[4]
The bank specializes in funding and investing in the Iranian Automotive industry, whereby SAIPA has become one of the bank's largest shareholders.[5]
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Since the bank's creation in 2009, 14 locations have been established in Tehran. In 2010, the bank opened its first branch in the north-eastern city of Mashhad.[6] 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.[7]
The Bank is currently the largest shareholder of the company.[8] However, the bank currently holds an additional 22,000 other shareholders.[9]
Current members of the board of directors include: Ali Ansari, Ali Khosrowdanesh and Morteza Yavashnia.[10]
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