Iranian-European Bank

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Iranian-European Bank
FormerlyDeutsch-Iranische Handelsbank AG[1]
TypeAktiengesellschaft
IndustryFinancial services
Founded1971; 50 years ago (1971)
Headquarters
Hamburg
,
Germany
Number of locations
3
Owner
Number of employees
75[1]
Websiteeihbank.de

Iranian-European Bank (German: Europäisch-Iranische Handelsbank AG; Persian: بانک تجارتی ایران و اروپا‎, Bank Tejareti-ye Iran vâ Erupa) is a German bank founded in 1971.[1] Headquartered in Hamburg, it has two other branches in Kish Island (opened in 2005) and Tehran (representative office turned into branch in 2008).[2]

Its biggest shareholder is an Iranian state-owned bank, Bank of Industry and Mine, and other major stakeholders include Bank Mellat and Bank Tejarat.[2] Due to sanctions against Iran, the bank was not operative between 2011 and 2016.[3] In 2018, before the US pulled out of the Iran deal and reinstated their sanctions, German tabloid Bild obtained information about plans to fly out €300 million ($350 million) in cash.[4] Iran subsequently canceled their request for the German financial authority BaFin to release that money held by the European-Iranian Trade Bank.[5]

References[]

  1. ^ Jump up to: a b c "Europäisch-Iranische Handelsbank AG: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2018-08-08.
  2. ^ Jump up to: a b "5 Foreign Banks Licensed by Iran". Financial Tribune. 2017-06-06. Retrieved 2018-08-08.
  3. ^ "EIH Bank Back in Business". Financial Tribune. 2016-03-04. Retrieved 2018-08-08.
  4. ^ https://www.dw.com/en/germany-probes-huge-iran-cash-transfer-request/a-44595446
  5. ^ https://en.radiofarda.com/a/reports-iran-drops-bid-to-transfer-millions-out-of-germany/29471886.html
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