Bank Sepah

Overview

Bank Sepah is Iranian state-owned commercial bank + Iranian government Ministry of Economic Affairs and Finance ~100%+ controlling + one of Iran's largest commercial banks by assets + branches + founded May 4 1925 in Tehran Iran as Iran's first state commercial bank + consolidated 5 Iranian military-aligned commercial banks Jul 22 2019 [1, ir-cro].

History

May 4 1925 — Bank Sepah founded in Tehran Iran as Iran's first state commercial bank under Reza Shah Pahlavi-era Iranian state banking modernisation distinctive Iranian banking heritage as Iran's oldest state commercial bank.

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

Jul 22 2019 — Bank Sepah consolidates 5 Iranian military-aligned commercial banks Ansar Bank + Mehr Eqtesad Bank + Ghavamin Bank + Hekmat Iranian Bank + Kosar Credit Institution under Iranian government banking restructuring distinctive Iranian banking consolidation.

2014 — Bank Sepah Mobile banking app launch.

Ownership & operator

Operating entity: Bank Sepah (Iranian state-owned commercial bank).

Major shareholders: Iranian government Ministry of Economic Affairs and Finance ~100%+ controlling.

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

Technical integration

Bank Sepah Mobile app (Android primary; iOS limited due to US sanctions on Apple App Store distribution in Iran) + banksepah.ir online + Bank Sepah branch network across Iran + UK + Germany + France + Italy international branches + Sepah 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) + [[refah-iran]] (Refah Kargaran Bank) + [[maskan-iran]] (Bank Maskan).

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

Status

Active, Iranian state-owned commercial bank + Iranian government Ministry of Economic Affairs and Finance ~100%+ controlling + one of Iran's largest commercial banks by assets + branches + founded May 4 1925 in Tehran Iran as Iran's first state commercial bank + consolidated 5 Iranian military-aligned commercial banks Jul 22 2019 [1, 2].

Sources

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

Source

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