EN Bank
 | |
| Type | Public |
|---|---|
| Traded as |
TSE: NOVN1 ISIN: IRO1NOVN0005 |
| 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 (Persian: بانک اقتصاد نوین) 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]
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
- Mohammad Botshekan - President and CEO 2001–present
Current members of the board of directors are: Mohammad Hasheminejad, Morteza Azizi and Dr. Ali Manavirad.[13]
See also
- Banking in Iran
- Privatization in Iran
References
- ↑ http://www.iranbourse.com/Default.aspx?tabid=217&sCode=651902
- ↑ http://english.en-bank.com/Site.aspx?ParTree=12111A1311
- ↑ http://english.en-bank.com/Site.aspx?ParTree=12111A1312
- ↑ http://english.en-bank.com/Site.aspx?ParTree=12111A1311
- ↑ http://www.emergingmarketsanalysis.com/web/iran/list_ind.htm
- ↑ http://english.en-bank.com/Site.aspx?ParTree=12111A1318
- ↑ http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=105703507
- ↑ http://english.en-bank.com/Site.aspx?ParTree=12111A1316
- ↑ http://ghadir-invest.com/
- ↑ http://szf.ir/
- ↑ http://www.izmdc.com/
- ↑ http://www.icic.ir/
- ↑ http://english.en-bank.com/Site.aspx?ParTree=12111A1316