Qarz Al-Hasaneh Mehr Iran Bank

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Qarz Al-Hasaneh Mehr Iran Bank
TypeState-owned enterprise
IndustryBanking, Financial services
FoundedDecember 13, 2007
FounderMahmoud Ahmadinejad, President of Iran
HeadquartersNo. 204, Taleghani St.,
Tehran
,
Iran
Number of locations
568 branches across Iran
Key people
Morteza Akbari (CEO)
ServicesConsumer banking
Websitewww.qmb.ir
Qarz Al-Hasaneh Mehr Iran Bank in Tehran

Qarz Al-Hasaneh Mehr Iran Bank (Persian: بانک قرض‌الحسنه مهر ایران‎, Bank Qârzalhesinuh-e Miher-e Iran), also known as QMB, is an Iranian financial services and banking company that provides offering retail services, investment management and Gharz al-Hasna facilities. Gharz al-Hassaneh Mehr Bank of Iran, with an initial capital of 15,000 Milliard Rials and with the participation of Iranian government owned specialized banks, was inaugurated by then-President Mahmoud Ahmadinejad in 2007.[1][2] The central branch of this bank is located in Tehran.

History[]

QMB with an initial capital of 15,000 milliard Rials and the participation of 10 major banks in the country was inaugurated by the then President Mahmoud Ahmadinejad on 12/13/2007 and received an official license from the Central Bank of Iran on 8/27/2008. The initial capital of Bank Mehr Iran at the beginning of its activity was 15,000 billion Rials, until with the approval of the General Assembly in 1399, the capital of this bank increased to 25,000 billion Rials. [3] The bank started with 300 independent branches (assigned by shareholder banks) and 1,700 counters in selected branches of Bank Melli Iran and Bank Saderat Iran, after which the branches continued to operate independently and the counters located in shareholder banks were disbanded.[citation needed]

On January 10, 2019, the Central Bank of Iran issued an official license to the bank.[4]

Sanctions[]

On October 8, 2020 the United States Department of the Treasury sanctioned 18 Iranian banks, including Mehr Iran Bank, which the department claims are "additional avenue that funds the Iranian government’s malign activities".[5][6][7]

fund[]

The initial capital of Bank Mehr Iran at the beginning of its activity was 15,000 billion Rials, until with the approval of the General Assembly in 1399, the capital of this bank increased to 25,000 billion Rials.[8]

Bank shareholders[]

The shareholders of include Bank Melli Iran, Bank Mellat, Bank Saderat Iran, Bank Sepah, Tejarat Bank, Bank Maskan, Bank Keshavarzi Iran, Refah Bank, Bank of Industry and Mine and Export Development Bank of Iran.[9]

International issues[]

Mehr Bank of Iran was opened as the first Qarz al-Hasna Bank in the country on December 13, 2007 and on September 27, 2008 it received the official license of the Central Bank.

  • Selected as the third top bank in the Islamic world in 2018[10][11]
  • Awarding the Islamic World Economic Elite Award to Morteza Akbari (CEO of Gharz al-Hasna Mehr Bank of Iran)[12]

See also[]

  • Banking in Iran
  • Mehr Housing Project

References[]

  1. ^ http://www.fardanews.com/fa/pages/?cid=41798
  2. ^ http://www.farsnews.com/newstext.php?nn=8604090380
  3. ^ asriran.com/00085H
  4. ^ https://www.cbi.ir/BanksInstitutions/BankInstitute.aspx
  5. ^ "U.S. Sanctions 18 Iranian Banks in Move to Choke Off Economy". Bloomberg.com. 2020-10-08. Retrieved 2021-01-06.
  6. ^ "آمریکا ۱۸ بانک دیگر ایران را تحریم کرد". رادیو فردا (in Persian). Retrieved 2021-01-06.
  7. ^ "Treasury Sanctions Eighteen Major Iranian Banks | U.S. Department of the Treasury". home.treasury.gov. Retrieved 2021-01-06.
  8. ^ https://www.qmb.ir/page-Pages/fa/0/form/pId17
  9. ^ https://www.qmb.ir/page-Pages/fa/0/form/pId17
  10. ^ "Bank of the Year Awards 2018 – Middle East".
  11. ^ https://www.asre-eghtesad.com/bazaar/cat-1/61389
  12. ^ "اعطای جایزه نخبه اقتصادی جهان اسلام به مرتضی اکبری". 14 September 2019.
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