Middle East Bank

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Middle East bank
Bank Headquarters
Company type	Private company
Industry	Banking
Founded	November 1, 2012 (2012 -11-01)
Headquarters	Tehran , Iran
Key people	Javad Javadi (CEO)
Website	en.middleeastbank.ir

Middle East Bank (MEB; Persian: بانک خاورمیانه, lit. 'banke khavarmiyane') is an Iranian bank headquartered in Tehran. The bank was founded in 2012.^[1]^[2]^[3]

MEB is owned by small private shareholders. They focus on the humanitarian trade with Iran.^[4]^[5]

On 8 October 2020 OFAC (U.S. Department of the Treasury) changed its sanctions listing. Middle East Bank is - along with all other Iranian banks - SDN-listed and “Subject to Secondary Sanctions”. It is however one of the few banks tagged "IRAN" (categorization as an Iranian financial institution) only and therefore maintained its SWIFT BIC. With the General License published on the same day Middle East Bank can fully maintain its support of the humanitarian business. The up-to-date sanctions status can be found at the following link.^[6]^[7]

History

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Founded on 1 November 2012, the bank began operations in January 2013 and by May, 3 branches had been established with Rls.1.4 trillion in deposits. In August 2014 they became subject to US sanctions as part of the wider sanctions against Iran.^[4]

In 2018 they opened their first branch in Germany.^[8]^[9]

References

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^ Reuters Editorial. "Iran's Middle East Bank says global banking snags starting to ease". U.S. Retrieved 2018-07-07. {{cite news}}: |author= has generic name (help)
^ "Company Overview of Middle East Bank Co".
^ "Capital Increase for Middle East Bank". Financial Tribune. 2017-12-29. Retrieved 2018-07-07.
^ ^a ^b Saul, Jonathan. "Iranian banking newcomer struggles as fear of sanctions hits..." U.S. Retrieved 2018-09-23.
^ Bozorgmehr, Najmeh (7 May 2013). "Obstacles fail to deter financier from opening private Iran bank". Financial Times.
^ "4 Iranian banks removed from US sanctions list". ISNA. 2018-11-11. Retrieved 2018-11-17.
^ "Sanktionsstatus – Middle East Bank" (in German). Retrieved 2024-06-13.
^ "Iran banks to set up shop in Germany". Retrieved 2018-09-23.
^ "Middle East Bank und Sina Bank: Iranische Banken wollen Filialen in München eröffnen" (in German). Retrieved 2018-09-23.

External links

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v t e Banks of Iran
Central Bank of Iran
State-owned	Bank Melli Iran Bank Sepah Post Bank of Iran Bank Maskan Bank of Industry and Mine Export Development Bank of Iran Qarz Al-Hasaneh Mehr Iran Bank Bank Keshavarzi Iran
Non-state-owned	Bank Pasargad Bank Mellat Bank Saderat Iran EN Bank Karafarin Bank Parsian Bank Sina Bank Tejarat Bank Ayandeh Bank Bank Day Ghavamin Bank Iran Zamin Bank Refah Bank Saman Bank Sarmayeh Bank Amin Investment Bank Kardan Investment Bank Mellat Investment Bank Middle East Bank Shahr Bank Tourism Bank
Foreign/overseas	Persia International Bank Future Bank Mir Business Bank Iranian-European Bank Iran-Venezuela Bi-National Bank Islamic Cooperation Investment Bank

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