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Middle East Bank

Topic: Company

 From HandWiki - Reading time: 2 min

Short description: Iranian Bank
Middle East bank
TypePrivate company
IndustryBanking
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Headquarters
Tehran
,
Iran
Key people
Parviz Aghili Kermani (CEO)
Websiteen.middleeastbank.ir

Middle East Bank (MEB; Persian: بانک خاورمیانه‎, lit. 'banke khavarmiyane') is an Iranian bank headquartered in Tehran. The bank was founded in 2012 by Parviz Aghili Kermani.[1][2][3]

MEB is considered a private bank which is owned by small private shareholders. They focus on the humanitarian trade with Iran.[4][5]

History

Founded on 1 November 2012, the bank began operations in January 2013 and by May, 3 branches had been established with 1.4tn rials in deposits. In August 2014 they became subject to US sanctions as part of the wider sanctions against Iran.[4]

In 2016 they opened their first branch in Germany .[6][7]

Middle East Bank
Middle East Bank banking hall

See also

  • Bank Markazi Iran
  • Economy of Iran
  • Islamic Banking
  • Banking and Insurance in Iran

References

  1. ↑ Editorial, Reuters. "Iran's Middle East Bank says global banking snags starting to ease" (in en-US). U.S.. https://www.reuters.com/article/iran-banks-finance/irans-middle-east-bank-says-global-banking-snags-starting-to-ease-idUSL5N16H36V. 
  2. ↑ "Company Overview of Middle East Bank Co.". https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=228823144. 
  3. ↑ "Capital Increase for Middle East Bank" (in en-US). Financial Tribune. 2017-12-29. https://financialtribune.com/articles/economy-business-and-markets/78913/capital-increase-for-middle-east-bank. 
  4. ↑ 4.0 4.1 Saul, Jonathan. "Iranian banking newcomer struggles as fear of sanctions hits..." (in en-US). U.S.. https://www.reuters.com/article/us-iran-bank/iranian-banking-newcomer-struggles-as-fear-of-sanctions-hits-humanitarian-deals-idUSKCN0HV1HH20141006. 
  5. ↑ Bozorgmehr, Najmeh (7 May 2013). "Obstacles fail to deter financier from opening private Iran bank". https://www.ft.com/content/a36fda46-b253-11e2-8540-00144feabdc0. 
  6. ↑ "Iran banks to set up shop in Germany" (in en-US). https://www.timesofisrael.com/iran-banks-to-set-up-shop-in-germany/. 
  7. ↑ "Middle East Bank und Sina Bank: Iranische Banken wollen Filialen in München eröffnen" (in de). https://www.handelsblatt.com/finanzen/banken-versicherungen/middle-east-bank-und-sina-bank-iranische-banken-wollen-filialen-in-muenchen-eroeffnen/14501358.html. 




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