Ghavamin Bank

Ghavamin Bank (Persian: بانک قوامین) is 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.

Ghavamin Bank
Public
Traded asFarabourse: وقوام
ISIN: IRO7GHMP0001
IndustryFinancial services
Founded2012
HeadquartersGhavamin Tower, Tehran, Iran
Key people
Ali Abdali, CEO
ProductsRetail banking, insurance, loans
Revenue$1.6 billion (FY 2012)
Number of employees
4,300
Websitewww.ghbi.ir

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.

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See also
  • Banking in Iran

References
  1. http://www.cbi.ir/page/9725.aspx
  2. http://www.ghbi.ir/28%5B%5D
  3. "Archived copy". Archived from the original on 2014-09-24. Retrieved 2014-08-05.CS1 maint: archived copy as title (link)
  4. http://www.ghbi.ir/fa/about-bank/ghavamin-reports/honor/

Official website

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