Qarz Al-Hasaneh Mehr Iran Bank

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.

Qarz Al-Hasaneh Mehr Iran Bank
TypeState-owned enterprise
IndustryBanking, Financial services
Founded13 December 2007
FounderMahmoud Ahmadinejad
HeadquartersNo. 204, Taleghani St.,
Tehran
,
Iran
Number of locations
568 branches across Iran
Key people
Saeed Shamsinejad (CEO)
ServicesConsumer banking
Websitewww.qmb.ir
Qarz Al-Hasaneh Mehr Iran Bank 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 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] 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.

On January 10, 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]

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[9]
  • Awarding the Islamic World Economic Elite Award to Seyed Saeed Shamsinejad (CEO of Gharz al-Hasna Mehr Bank of Iran)[10]

See also

References
  1. "بانک قرض الحسنه مهر امروز گشایش می یابد - پایگاه خبری تحلیلی فردا | Farda News". www.fardanews.com. Archived from the original on 24 September 2015.
  2. "Fars News Agency : بانك قرض‌الحسنه اسلامي در ايران تأسيس مي شود". www.farsnews.com. Archived from the original on 20 March 2008.
  3. asriran.com/00085H
  4. "بانک‌ها و نهادهای پولی مجاز". cbi.ir.
  5. "U.S. Sanctions 18 Iranian Banks in Move to Choke Off Economy". Bloomberg.com. 8 October 2020. Retrieved 6 January 2021.
  6. "آمریکا ۱۸ بانک دیگر ایران را تحریم کرد". رادیو فردا (in Persian). 8 October 2020. Retrieved 6 January 2021.
  7. "Treasury Sanctions Eighteen Major Iranian Banks | U.S. Department of the Treasury". home.treasury.gov. Retrieved 6 January 2021.
  8. QMB Pages
  9. "Bank of the Year Awards 2018 – Middle East". www.thebanker.com. Retrieved 21 May 2023.
  10. "اعطای جایزه نخبه اقتصادی جهان اسلام به مرتضی اکبری". 14 September 2019.
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