Qarz Al-Hasaneh Mehr Iran Bank
Bank based in Tehran, Iran
From Wikipedia, the free encyclopedia
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.[citation needed]
 | |
 Qarz Al-Hasaneh Mehr Iran Bank in Tehran | |
Native name | بانک قرضالحسنه مهر ایران |
|---|---|
Company type | State-owned enterprise |
| Industry | Banking, Financial services |
| Founded | December 13, 2007 |
| Founder | Mahmoud Ahmadinejad |
| Headquarters | No. 204, Taleghani St., , |
Number of locations | 568 branches across Iran |
Key people | Gholamreza Fathali (CEO) |
| Services | Consumer banking |
| Website | www |
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 13 December 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]
On 10 January 2019, the Central Bank of Iran issued an official license to the bank.[4]
Sanctions
On 8 October 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 Bank Mehr Iran 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.[8]
- Bank Melli Iran 21.5%
- Bank Mellat 15.5%
- Bank Saderat Iran 14.3%
- Sepah Bank 11.3%
- Tejarat Bank 11.7%
- Bank Maskan 9.8%
- Bank Keshavarzi Iran 9.8%
- Refah Bank 3.5%
- Bank of Industry and Mine 2.04%
- Export Development Bank of Iran 0.96% [citation needed]
International issues
Mehr Bank of Iran was opened as the first Qarz al-Hasna Bank in the country on 13 December 2007 and on 27 September 2008 it received the official license of the Central Bank.
