Sina Bank
TypePublic
TSE: VSIN1
ISIN: IRO1VSIN0008
IndustryFinancial services
Founded1985 (as Bonyad Finance and Credit Company)
2009 (as Sina Bank)
HeadquartersTehran, Iran
Key people
Gholamreza Fathali
(Acting) (CEO)
ProductsRetail banking
Transaction accounts
Insurance
stock brokerage
Investment bank
Asset-based lending
Consumer finance
Trade
International payments
Foreign exchange
Increase 818 Million IRR (2009)
Total assets 24.143 Billion IRR (2009)
Number of employees
1998 (full-time)[1]
Websitehttp://www.sinabank.ir/

Sina Bank (Persian: بانک سینا, Bank Sina) is a private Iranian banking establishment offering retail, commercial and investment banking services. The company was established in 1985 as a part of the government's privatization of the banking system.[2]

While established in Tehran, the bank operated throughout the nation with 1998 employees and 253 branches.[1]

Sina Bank is listed under the Tehran Stock Exchange and is currently one of eight private banks in Iran.[3] The bank is currently the 64th largest company in Iran.[4] In 2007, Sina Bank had initial equity capital of 10 Billion IRR.[5]

Operations

The bank was established in 1985 as the Bonyad Finance and Credit Company.[5] The company was the first credit establishment in the Iranian financial sector. In 2007, the company was privatized,[5] and in 2009 was listed on the Tehran Stock Exchange.[6]

The bank currently operates throughout the country, housing a total of 253 branches. In 2010, the bank came under European Union sanctions against Iranian banking institutions.[7]

In addition to offering short and fixed deposit accounts for domestic and overseas clients, the bank provides letters of credit, treasury, currency exchange, corporate loans syndication, financial advisory and electronic banking services.[8]

See also

References

  1. 1 2 Archived July 22, 2011, at the Wayback Machine
  2. ↑ "Sarmayeh Bank portal:: Homepage". En.sbank.ir. Retrieved 8 February 2014.
  3. ↑ "Sarmayeh Bank portal:: Homepage". En.sbank.ir. Retrieved 8 February 2014.
  4. ↑ Archived July 22, 2011, at the Wayback Machine
  5. 1 2 3 "Background". Archived from the original (GIF) on 22 July 2011. Retrieved 27 June 2023.
  6. ↑ "بورس اوراق بهادار تهران Tehran Stock Exchange". Iranbourse.com. Retrieved 8 February 2014.
  7. ↑ "News". Earth Times. Retrieved 21 February 2015.
  8. ↑ "Sarmaye Bank (P.J.S.C.): Private Company Information - Businessweek". Investing.businessweek.com. Archived from the original on 5 October 2012. Retrieved 8 February 2014.
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