Refah Kargaran Bank

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Key details

Launch: 1960

Overview

Refah Kargaran Bank is Iranian commercial bank + Iranian Social Security Organisation ~100%+ controlling as Iranian state-aligned workers' welfare commercial bank + founded 1960 in Tehran Iran as Refah Kargaran Bank for Iranian workers + pensioners [1, ir-cro].

History

1960 — Refah Kargaran Bank founded in Tehran Iran as Iranian state-aligned workers' welfare commercial bank for Iranian workers + pensioners distinctive Iranian welfare banking heritage.

1979 — Refah Bank nationalised post-Iranian Revolution under Islamic Republic of Iran banking nationalisation.

2014 — Refah Bank Mobile banking app launch.

Ownership & operator

Operating entity: Refah Kargaran Bank Bank Refah (Iranian commercial bank).

Major shareholders: Iranian Social Security Organisation ~100%+ controlling.

Regulators: Central Bank of Iran CBI Bank Markazi Jomhouri Islami Iran.

Technical integration

Refah Bank Mobile app (Android primary; iOS limited due to US sanctions on Apple App Store distribution in Iran) + refah-bank.ir online + Refah Bank branch network across Iran (Iranian workers + pensioners primary welfare commercial bank) + Refah Shetab cards (Iranian national card scheme); Shetab Iranian national interbank payment processing system + Shaparak QR Iranian national QR payment scheme + Iranian Rial IRR domestic transfers.

Implementations & partners

Major Iranian banking + payments competitors: [[melli-iran]] (Bank Melli Iran BMI) + [[saderat-iran]] (Bank Saderat Iran BSI) + [[mellat-iran]] (Bank Mellat) + [[tejarat-iran]] (Bank Tejarat) + [[parsian-iran]] (Parsian Bank) + [[pasargad-iran]] (Bank Pasargad).

Regulators: Central Bank of Iran CBI Bank Markazi Jomhouri Islami Iran.

Status

Active, Iranian commercial bank + Iranian Social Security Organisation ~100%+ controlling as Iranian state-aligned workers' welfare commercial bank + founded 1960 in Tehran Iran as Refah Kargaran Bank for Iranian workers + pensioners [1, 2].

Sources

1 Refah — official
2 Refah — Wikipedia
ir-cro In-corpus: reports/countries/IR-iran.md

Source

Biography extracted from refah-iran.md. See matrix.md for standards-support matrix if present.