Middle East Bank

Middle East bank
Private company
Industry Banking
Founded November 1, 2012 (2012 -11-01)
Headquarters Tehran, Iran
Key people
 Parviz Aghili Kermani (CEO)
Website en.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

References

  1. ↑ Editorial, Reuters. "Iran's Middle East Bank says global banking snags starting to ease". U.S. Retrieved 2018-07-07.
  2. ↑ "Company Overview of Middle East Bank Co".
  3. ↑ "Capital Increase for Middle East Bank". Financial Tribune. 2017-12-29. Retrieved 2018-07-07.
  4. 1 2 Saul, Jonathan. "Iranian banking newcomer struggles as fear of sanctions hits..." U.S. Retrieved 2018-09-23.
  5. ↑ Bozorgmehr, Najmeh (7 May 2013). "Obstacles fail to deter financier from opening private Iran bank". Financial Times.
  6. ↑ "Iran banks to set up shop in Germany". Retrieved 2018-09-23.
  7. ↑ "Middle East Bank und Sina Bank: Iranische Banken wollen Filialen in München eröffnen" (in German). Retrieved 2018-09-23.
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