Ghavamin Bank
Ghavamin Bank (Persian: بانک قوامین), Bank Qavâmin, was an Iranian financial and credit institution established in 2000.[1] Ghavamin Bank is the first bank in the country with the aim of helping to enhance the living quality and financial support of working staff of Iran police forces.
 | |
| Type | Public |
|---|---|
| Farabourse: وقوام ISIN: IRO7GHMP0001 | |
| Industry | Financial services |
| Founded | 2012 |
| Headquarters | Ghavamin Tower, Tehran, Iran |
Key people | Ali Abdali, CEO |
| Products | Retail banking, insurance, loans |
| Revenue | $1.6 billion (FY 2012) |
Number of employees | 4,300 |
| Website | www.ghbi.ir |
It was dissolved after Iranian central bank merged 7 Iranian Armed Forces banks into Bank Sepah.
History
Ghavanim started as a charity loan fund then in July 2000 was restructured as a financial institute and renamed the Ghavamin Saving and Charity Loan Institute. Its range of activities to the public was expanded to police personnel.[2]
In 2004, following its successful and well managed risk to overtake the bankrupted Al-TAHA financial institute' debts and controlling the charity loan financial crisis in the Province of Isfahan, the Central Bank of Iran agreed to promote it to Bank in an step-by-step restructure.
Finally, in June 2012 Ghavanim was licensed as public bank. In FY 2012-2013, Ghavamin Bank, with revenues of over 1.6 billion US$ dollars, ranks among the twenty-four companies and the seventh largest bank in Iran.[3] While established in Tehran, the institution operates throughout the country with over 880 branches.
Awards
In 2012, Ghavamin Bank has been awarded the EU banking management award.[4]
In 2012, awarded ISO 10004.[5]
See also
References
- "Ghavamin Bank". Central Bank of the Islamic Republic of Iran. Retrieved 3 September 2021.
- http://www.ghbi.ir/28.
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- http://www.ghbi.ir/fa/about-bank/ghavamin-reports/honor/.
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