Post Bank of Iran

Post Bank of Iran
Government owned
Traded as TSE: BPST1
ISIN: IRO1BPST0007
Industry Financial services
Founded 2006
Headquarters Tehran, Iran
Key people
 Khosro Farahi (Chairman of the Board & Managing Director )[1]
Products Banking
Website www.postbank.ir

Post Bank of Iran (Persian: پست بانک ایران‎) is an Iranian bank.

History

Post Bank of Iran was formally established in 2006. It is the eleventh state owned bank in Iran.[2]

International issues

On 6 September 2013, the European General Court in Luxembourg ruled to annul the European Union (EU) sanctions in place since 2010 against the bank on grounds of supporting the Iranian nuclear and missile programs, as EU governments had not proved the accusations against the bank.[3][4] As of 2016, the EU asset freeze was still in effect.[5]

See also

References

  1. ↑ "Archived copy". Archived from the original on 2012-09-08. Retrieved 2011-03-03.
  2. ↑ "Archived copy". Archived from the original on 2012-09-10. Retrieved 2011-03-03.
  3. ↑ James Kanter (6 September 2013). "E.U. Wrongly Imposed Sanctions on 7 Iranian Companies, Court Rules". New York Times. Retrieved 6 September 2013.
  4. ↑ "The General Court annuls the acts of the Council freezing the funds of seven companies and one person in connection with the restrictive measures taken against Iran with the aim of preventing nuclear proliferation" (PDF). General Court of the European Union. 6 September 2013. Press Release No 99/13. Retrieved 6 September 2013.
  5. ↑ "European Union and United Kingdom Sanctions Update: March 2016". K&L Gates. 17 March 2016. Retrieved 21 May 2016.


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