Bank Sepah (Persian: بانک سپه, Bānke Sepah), the first Iranian bank, was established in 1925 (corresponding to 1304 in the Iranian Calendar). Its first branch, in Tehran, opened that year. The bank also has branches in Frankfurt, Paris and Rome as well as a subsidiary, Bank Sepah International plc, in London.[2] Sepah Bank has recently merged 4 other Iranian banks and 1 Credit Institution named: Ansar Bank, Mehr Eghtesad Bank, Hekmat Iranian Bank, Ghavamin Bank and Kosar Credit Institution.
Bank Sepah was officially founded on May 4, 1925, with its first branch in Sepah st. in Tehran. Initially, an investment of 3,883,950 Iranian Rials was made from the military ranked personnel pension fund and the bank was set to exclusively provide military personnel with financial aids such as loans. With further increase in their domain of services, the headquarters for the bank was moved to a larger building in Homayoon st. Starting on March 15, 1926, with opening of another branch in Rasht, Bank Sepah began providing services not only to the military personnel but to the more general public such as businessmen.[3] Sepah migrated to core banking solution.[4][5]
Sanctions were imposed on Bank Sepah by the United States on January 9, 2007, due to Iran's suspected nuclear weapons program.[6] The United States claimed that the bank assisted Iran in developing missiles that could carry nuclear weapons.[7] and all its branches and subsidiaries in Italy, UK, France and Germany[8] will have their assets frozen by the United States in order to prevent Iran from constructing nuclear weapons.[7] The official website[9] of Bank Sepah in Iran reacted by mentioning the American resolution "fabricated statements based on purely hypothetical pretext, made out of political inducements" and promised that the bank will "continue with its efficient performance with due observance of internal and international regulations as before."
On the same basis, further sanctions have also been imposed by the United Nations through Resolution 1747 of 29 March 2007 coinciding with the arrest by the Iranian Government of some British army personnel in the Persian Gulf.
Bank Sepah Coin Museum was established in 1963 and features a collection reflecting the periods of Iranian history dating back to over 2,500 years ago. The museum is also of international significance given the multiethnic nature of the Iranian ruling elites over time.
^"سالروز تاسیس نخستین بانک ایرانی". donya-e-eqtesad.com. from the original on 2020-07-16. Retrieved 2020-07-16.
^"مهاجرت بانک سپه به کربنکینگ داتین آغاز شد - پیوست". from the original on 2020-10-21. Retrieved 2021-05-24.
^"بهره برداری از راهکار جامع بانکی داتین در بانک سپه آغاز شد". from the original on 2021-01-17. Retrieved 2021-05-24.
^"BBC NEWS - World - Middle East - US blacklists Iranian state bank". news.bbc.co.uk. 9 January 2007. from the original on 2020-02-27. Retrieved 2007-01-10.
bank, sepah, this, article, multiple, issues, please, help, improve, discuss, these, issues, talk, page, learn, when, remove, these, template, messages, this, article, section, appears, slanted, towards, recent, events, please, keep, recent, events, historical. This article has multiple issues Please help improve it or discuss these issues on the talk page Learn how and when to remove these template messages This article or section appears to be slanted towards recent events Please try to keep recent events in historical perspective and add more content related to non recent events September 2011 Learn how and when to remove this template message The examples and perspective in this article may not include all significant viewpoints Please improve the article or discuss the issue September 2011 Learn how and when to remove this template message Learn how and when to remove this template message Bank Sepah Persian بانک سپه Banke Sepah the first Iranian bank was established in 1925 corresponding to 1304 in the Iranian Calendar Its first branch in Tehran opened that year The bank also has branches in Frankfurt Paris and Rome as well as a subsidiary Bank Sepah International plc in London 2 Sepah Bank has recently merged 4 other Iranian banks and 1 Credit Institution named Ansar Bank Mehr Eghtesad Bank Hekmat Iranian Bank Ghavamin Bank and Kosar Credit Institution Bank Sepahبانک سپهBank Sepah Headquarters in Tehran IranTypeGovernment owned corporationIndustryBanking Financial servicesFounded1925 98 years ago 1925 FounderIranian Army Pension FundHeadquartersNegin Sepah Building Nowrouz Street Africa Highway Argentina Square Tehran Iran Tehran IranArea servedWorldwideKey peopleAyatollah Ebrahimi CEO ServicesCredit cards consumer banking corporate banking mortgage loansRevenue37 153 487 IRR 2014 1 Operating income20 701 827 IRR 2014 1 Net income490 892 IRR 2014 1 Total assets500 319 226 IRR 2014 1 Total equity72 427 585 IRR 2014 1 Number of employees18 277SubsidiariesBank Sepah International plcWebsitewww banksepah irFootnotes references Amounts in IRR million Contents 1 History 2 US UN sanctions 3 Bank Sepah Coin Museum 4 See also 5 References 6 External linksHistory EditBank Sepah was officially founded on May 4 1925 with its first branch in Sepah st in Tehran Initially an investment of 3 883 950 Iranian Rials was made from the military ranked personnel pension fund and the bank was set to exclusively provide military personnel with financial aids such as loans With further increase in their domain of services the headquarters for the bank was moved to a larger building in Homayoon st Starting on March 15 1926 with opening of another branch in Rasht Bank Sepah began providing services not only to the military personnel but to the more general public such as businessmen 3 Sepah migrated to core banking solution 4 5 US UN sanctions EditSee also Sanctions against Iran Sanctions were imposed on Bank Sepah by the United States on January 9 2007 due to Iran s suspected nuclear weapons program 6 The United States claimed that the bank assisted Iran in developing missiles that could carry nuclear weapons 7 and all its branches and subsidiaries in Italy UK France and Germany 8 will have their assets frozen by the United States in order to prevent Iran from constructing nuclear weapons 7 The official website 9 of Bank Sepah in Iran reacted by mentioning the American resolution fabricated statements based on purely hypothetical pretext made out of political inducements and promised that the bank will continue with its efficient performance with due observance of internal and international regulations as before On the same basis further sanctions have also been imposed by the United Nations through Resolution 1747 of 29 March 2007 coinciding with the arrest by the Iranian Government of some British army personnel in the Persian Gulf In early 2016 following the talks of P5 1 with Iran on the Nuclear program of Iran and the resultant Joint Comprehensive Plan of Action sanctions against Bank Sepah were lifted Bank Sepah Coin Museum EditBank Sepah Coin Museum was established in 1963 and features a collection reflecting the periods of Iranian history dating back to over 2 500 years ago The museum is also of international significance given the multiethnic nature of the Iranian ruling elites over time See also EditBanking and Insurance in Iran nbsp Banks portalReferences Edit a b c d e Bank Sepah Financial Statements Archived 2015 04 02 at the Wayback Machine Bank Sepah 24 March 2014 Financial Services Forecast Economist Intelligence Unit August 18 2008 سالروز تاسیس نخستین بانک ایرانی donya e eqtesad com Archived from the original on 2020 07 16 Retrieved 2020 07 16 مهاجرت بانک سپه به کربنکینگ داتین آغاز شد پیوست Archived from the original on 2020 10 21 Retrieved 2021 05 24 بهره برداری از راهکار جامع بانکی داتین در بانک سپه آغاز شد Archived from the original on 2021 01 17 Retrieved 2021 05 24 BBC NEWS World Middle East US blacklists Iranian state bank news bbc co uk 9 January 2007 Archived from the original on 2020 02 27 Retrieved 2007 01 10 a b http www mercurynews com mld mercurynews news politics 16420611 htm dead link Bank Sepah Branchs Archived from the original on 2006 10 21 Retrieved 2007 01 10 بانک سپه Archived from the original on 2007 06 06 Retrieved 2007 05 04 External links Edit nbsp Media related to Bank Sepah at Wikimedia Commons nbsp This Asian bank related article is a stub You can help Wikipedia by expanding it vte nbsp This Iran related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Bank Sepah amp oldid 1179262797, wikipedia, wiki, book, books, library,
