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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]
 | |
| Company type | Public |
|---|---|
| Farabourse: سمایه ISIN: IRO3IBKZ0001 | |
| Industry | Financial services |
| Founded | 2005 |
| Headquarters | Tehran, Iran |
Key people | Farajollah Ghadami (CEO) |
| Products | Retail banking Transaction accounts Insurance stock brokerage Investment bank Asset-based lending Consumer finance Trade International payments Foreign exchange |
  468 Billion IRR (2008) | |
| Total assets | 12.04 Trillion IRR (2008) |
| Website | sbank.ir |
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Sarmayeh Bank is listed in Farabourse. In 2006, Sarmayeh Bank had an initial equity capital of $365.150 million.[2] In 2024, the bank was targeted as part of a cyberattack by IRLeaks on the Iranian banking sector. The cyberattack was described as the "worst attack" in Iranian history by Politico.[3]
Operations
editThe 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.[4]
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.[5]
In 2024, the bank was targeted as part of a cyberattack by IRLeaks on the Iranian banking sector. The cyberattack targeted 20 out of 29 Iranian banks including the central bank of Iran. The attack was described as the "worst attack" in Iranian history by Politico.[3]
Shareholders
editSarmayeh Bank is currently the largest shareholder of the Bank.[4] However, the bank currently has over 300,000 other shareholders.[2]
Corporate governance
editAlireza Heydarabadi Pour is the President and CEO 2015–present. Current members of the board of directors include: Mohammadreza Khani, Bahman Khadem and Mohammad Zarepour Ashkzari.[6]
See also
edit
References
edit- ^ http://en.sbank.ir/content/view/56/
- ^ a b "Sarmaye Bank - Home". en.sbank.ir. Archived from the original on 2008-06-12.
- ^ a b "Iran pays millions in ransom to end massive cyberattack on banks, officials say". POLITICO. 2024-09-04. Retrieved 2024-09-09.
- ^ a b "Error".
- ^ "Stocks". Archived from the original on October 5, 2012.
- ^ http://en.sbank.ir/content/view/59/
External links
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