Sarmayeh Bank

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Sarmayeh Bank
Type Public
Traded as Farabourse: IBKZ
ISIN: IRO3IBKZ0004
Industry Financial services
Founded 2005
Headquarters Tehran, Iran
Key people Gholamreza Hajizadeh,
chief executive officer
Products Retail banking
Transaction accounts
Insurance
stock brokerage
Investment bank
Asset-based lending
Consumer finance
Trade
International payments
Foreign exchange
Net income Increase 468 Billion IRR (2008)
Total assets 12.04 Trillion IRR (2008)
Website sbank.ir
Bank Sarmayeh, branch of Nishapur

Sarmayeh Bank is a major Iranian banking establishment offering retail, commercial and investment banking services. The company was established in 2005 as a part of the government's privatization of the banking system.[1]

Sarmayeh Bank is listed in Farabourse. In 2006, Sarmayeh Bank had an initial equity capital of $ 365.150 million.[2]

Operations

The bank currently operated throughout the country, housing a total of 153 branches. In 2008, the Bank established several branches overseas in the Netherlands, United Arab Emirates and Tajikistan.[3]

Sarmayeh Bank operates as a private bank in Iran; In addition to offering short and fixed deposit accounts for domestic and overseas clients, The bank also provides financial advisory, letters of credit, treasury, currency exchange, corporate loans syndication, and electronic banking services.[4]

Shareholders

Sarmayeh Bank is currently the largest shareholder of the Bank.[5] However, the bank currently holds over 300,000 other shareholders.[6]

Corporate governance

  • Gholamreza Hajizadeh - President and CEO 2000–present

Current members of the board of directors include: Vahid Taleghani, Pouya Kazemi and Mohammad Zarghami.[7]

See also

References

  1. ↑ http://en.sbank.ir/content/view/56/
  2. ↑ http://en.sbank.ir/component/option,com_frontpage/Itemid,1/
  3. ↑ http://www.zawya.com/Story.cfm/sidZAWYA20080720055831/Sarmayeh%20Bank%20Iran%20to%20establish%20branches%20abroad/
  4. ↑ http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=64921856
  5. ↑ http://www.zawya.com/Story.cfm/sidZAWYA20080720055831/Sarmayeh%20Bank%20Iran%20to%20establish%20branches%20abroad/
  6. ↑ http://en.sbank.ir/component/option,com_frontpage/Itemid,1/
  7. ↑ http://en.sbank.ir/content/view/59/

External links

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