Middle East Bank

Middle East bank
	Bank Headquarters
Type	Private company
Industry	Banking
Founded	November 1, 2012
Headquarters	Tehran, Iran
Key people	Parviz Aghili Kermani (CEO)
Website	en.middleeastbank.ir

Short description: Iranian Bank

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 banking hall

References

↑ 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.
↑ "Company Overview of Middle East Bank Co.". https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=228823144.
↑ "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.
↑ ^4.0 ^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.
↑ 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.
↑ "Iran banks to set up shop in Germany" (in en-US). https://www.timesofisrael.com/iran-banks-to-set-up-shop-in-germany/.
↑ "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.

External links

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[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.

[:0-4] 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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Middle East Bank

Topic: Company

Contents

History

See also

References

External links