Bank of Industry and Mine
Bank of Industry and Mine (Persian: بانک صنعت و معدن, Bank Sana't-e ve Ma'dæn) is an Iranian government owned specialized bank located in Tehran, Iran. It endeavours to increase economic growth through the development of industry and mining. Its purpose is to be an economic enterprise, providing banking facilities, development and investment in order to advance Iran's economy. It aims to promote the participation of the private sector in the fields of industry, mining, modern technologies and their associated services.
 | |
| Type | State-owned enterprise |
|---|---|
| Industry | Banking Financial services Investment services |
| Founded | 1983 |
| Headquarters | Tehran, Iran |
Area served | Worldwide |
Key people | Ali Khorsandian (CEO) |
| Products | Finance and insurance Consumer banking Corporate banking Investment banking Investment management Global wealth management Private equity Mortgage loans Credit cards |
| Website | www.bim.ir |
In 2017, A Chinese state-owned investment firm provided a $10 billion credit line for five Iranian banks, including the Bank of Industry and Mine, "in order to support projects in the country".[1] In light of US sanctions, The bank, and its subsidiaries, have had financial dealings with Danish and German Banks.[2][3]
See also
References
- "Tehran Bucks US Sanctions As China Gives $10 Billion Credit Line To Five Iranian Banks". caspiannews.com. Retrieved 2022-10-20.
- "Iran Signs €500 Million Finance Deal with Denmark". Financial Tribune. 2017-09-20. Retrieved 2022-10-20.
- "Germany allows US sanctioned Iranian 'terror' banks to operate". The Jerusalem Post | JPost.com. Retrieved 2022-10-20.