Middle East 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]

Middle East bank
Private company
IndustryBanking
FoundedNovember 1, 2012 (2012 -11-01)
Headquarters
Tehran
,
Iran
Key people
Parviz Aghili Kermani (CEO)
Websiteen.middleeastbank.ir

MEB is owned by small private shareholders. They focus on the humanitarian trade with Iran.[4][5]

Middle East bank is one of the few Iranian banks that is not included in U.S secondary sanctions' list therefore all non_American banks & private companies and corporations can build and have financial relations with this bank.[6]

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.[7][8]

Middle East Bank banking hall

See also
  • Bank Markazi Iran
  • Economy of Iran
  • Islamic Banking
  • Banking and Insurance in Iran

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. 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. "4 Iranian banks removed from US sanctions list". ISNA. 2018-11-11. Retrieved 2018-11-17.
  7. "Iran banks to set up shop in Germany". Retrieved 2018-09-23.
  8. "Middle East Bank und Sina Bank: Iranische Banken wollen Filialen in München eröffnen" (in German). Retrieved 2018-09-23.
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