Sina Bank

Sina Bank
Public
Traded as TSE: VSIN1
ISIN: IRO1VSIN0008
Industry Financial services
Founded 1985 (as Bonyad Finance and Credit Company)
2009 (as Sina Bank)
Headquarters Tehran, Iran
Key people
 Dr Mohammad Mokhaber
(Chairman)
Mohammad Reza Pishro
(CEO)
Products Retail banking
Transaction accounts
Insurance
stock brokerage
Investment bank
Asset-based lending
Consumer finance
Trade
International payments
Foreign exchange
Increase 818 Million IRR (2009)
Total assets 24.143 Billion IRR (2009)
Number of employees
 1998 (full-time)[1]
Website http://www.sinabank.ir/

Sina Bank (Persian: بانک سینا‎‎) is a private Iranian banking establishment offering retail, commercial and investment banking services. The company was established in 1985 as a part of the government's privatization of the banking system.[2]

While established in Tehran, the bank operated throughout the nation with 1998 employees and 253 branches.[1]

Sina Bank is listed under the Tehran Stock Exchange and is currently one of eight private banks in Iran.[3] The bank is currently the 64th largest company in Iran.[4] In 2007, Sina Bank had initial equity capital of 10 Billion IRR.[5]

Operations

The bank was established in 1985 as the Bonyad Finance and Credit Company.[5] The company was the first credit establishment in the Iranian financial sector. In 2007, the company was privatized,[5] and in 2009 was listed on the Tehran Stock Exchange.[6]

The bank currently operates throughout the country, housing a total of 253 branches. In 2010, the bank came under European Union sanctions against Iranian banking institutions.[7]

In addition to offering short and fixed deposit accounts for domestic and overseas clients, the bank provides letters of credit, treasury, currency exchange, corporate loans syndication, financial advisory and electronic banking services.[8]

See also

References

  1. 1 2 Archived July 22, 2011, at the Wayback Machine.
  2. ↑ "Sarmayeh Bank portal:: Homepage ::". En.sbank.ir. Retrieved 2014-02-08.
  3. ↑ "Sarmayeh Bank portal:: Homepage ::". En.sbank.ir. Retrieved 2014-02-08.
  4. ↑ Archived July 22, 2011, at the Wayback Machine.
  5. 1 2 3 https://web.archive.org/web/20110722021354/http://www.sinabank.ir/UploadedFiles/gFiles/ffd53f1d6aaf4cf.gif. Archived from the original on July 22, 2011. Retrieved July 27, 2010. Missing or empty |title= (help)
  6. ↑ "بورس اوراق بهادار تهران Tehran Stock Exchange". Iranbourse.com. Retrieved 2014-02-08.
  7. ↑ "News". Earth Times. Retrieved 2015-02-21.
  8. ↑ "Sarmaye Bank (P.J.S.C.): Private Company Information - Businessweek". Investing.businessweek.com. Retrieved 2014-02-08.
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