Bank Sepah
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![]() Bank Sepah headquarters inTehran | |
Company type | Government-owned corporation |
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Industry | Banking,Financial services |
Founded | 1925 |
Founder | Iranian Army Pension Fund |
Headquarters | Negin Sepah Building, Nowrouz Street, Africa Highway, Argentina Square, Tehran, Iran, Tehran ,Iran |
Area served | Worldwide |
Key people | Ayatollah Ebrahimi (CEO) |
Services | Credit cards,consumer banking,corporate banking,mortgage loans |
Revenue | ![]() ![]() |
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Total assets | ![]() ![]() |
Total equity | ![]() ![]() |
Number of employees | 18,277 |
Subsidiaries | Bank Sepah International plc |
Website | banksepah.ir |
Footnotes / references * Amounts in IRR million |
Bank Sepah(Persian:بانک سپه,Bānke Sepah) is anIranian bank.It was established in 1925 (corresponding to 1304 in theIranian calendar) as the first Iranian bank. Its first branch, inTehran,opened that year. The bank also has branches inFrankfurt,ParisandRomeas well as a subsidiary, Bank Sepah International plc, inLondon.[2]Sepah Bank has recently merged four other Iranian banks and one credit institution: Ansar Bank, Mehr Eghtesad Bank, Hekmat Iranian Bank,Ghavamin Bankand Kosar Credit Institution.[citation needed] Omid Bank app is product of Bank Sepah.[3][4]
History
[edit]Bank Sepah was officially founded on 4 May 1925, with its first branch n Sepah Street inTehran.Initially, an investment of 3,883,950 Iranian Rials was made from the military ranked personnel pension fund and the bank was set to exclusively provide military personnel with financial aids such as loans. With further increase in their domain of services, the headquarters for the bank was moved to a larger building in Homayoon st. Starting on 15 March 1926, with opening of another branch inRasht,Bank Sepah began providing services not only to the military personnel but to the more general public such as businessmen.[5] Sepah migrated to core banking solution.[6][7]
US, UN sanctions
[edit]Sanctionswere imposed on Bank Sepah by theUnited Stateson 9 January 2007, due to Iran's suspectednuclear weapons program.[8]The United States claimed that the bank assisted Iran in developing missiles that could carry nuclear weapons.[9]and all its branches and subsidiaries inItaly,UK,FranceandGermany[10]will have their assets frozen by the United States in order to prevent Iran from constructing nuclear weapons.[9]The official website[11]of Bank Sepah in Iran reacted by mentioning the American resolution "fabricated statements based on purely hypothetical pretext, made out of political inducements" and promised that the bank will "continue with its efficient performance with due observance of internal and international regulations as before."
On the same basis, further sanctions have also been imposed by the United Nations throughResolution 1747of 29 March 2007 coinciding with the arrest by the Iranian Government of some British army personnel in the Persian Gulf.
In early 2016, following the talks ofP5+1with Iran on theNuclear program of Iran,and the resultantJoint Comprehensive Plan of Action,sanctions against Bank Sepah were lifted.
See also
[edit]References
[edit]- ^abcdeBank Sepah Financial StatementsArchived2015-04-02 at theWayback Machine,Bank Sepah,24 March 2014
- ^Financial Services Forecast,Economist Intelligence Unit,August 18, 2008
- ^https://omidboom.ir/services/omidbank/[bare URL]
- ^https://way2pay.ir/359107/[bare URL]
- ^"سالروز تاسیس نخستین بانک ایرانی".donya-e-eqtesad.Archivedfrom the original on 2020-07-16.Retrieved2020-07-16.
- ^"مهاجرت بانک سپه به کربنکینگ داتین آغاز شد - پیوست".9 July 2020.Archivedfrom the original on 2020-10-21.Retrieved2021-05-24.
- ^"بهره برداری از راهکار جامع بانکی داتین در بانک سپه آغاز شد".Archivedfrom the original on 2021-01-17.Retrieved2021-05-24.
- ^"BBC NEWS - World - Middle East - US blacklists Iranian state bank".news.bbc.co.uk.9 January 2007.Archivedfrom the original on 2020-02-27.Retrieved2007-01-10.
- ^abhttp:// mercurynews /mld/mercurynews/news/politics/16420611.htm[dead link]
- ^"Bank Sepah - Branchs".Archived fromthe originalon 2006-10-21.Retrieved2007-01-10.
- ^"بانک سپه".Archivedfrom the original on 2007-06-06.Retrieved2007-05-04.
External links
[edit]Media related toBank Sepahat Wikimedia Commons