Iran Zamin Bank

Iran Zamin Bank (Mola Al Movahedin Financial institutions)
Type	Public
Traded as	Farabourse: وزمین ISIN: IRO3ZMNZ0001
Industry	Financial services
Founded	1998
Headquarters	Tehran, Iran
Key people	Seyed Mohsen Hashemi (CEO)
Products	Retail banking, insurance, loans
Website	izbank.ir

Iran Zamin Bank (Persian: بانک ایران زمین‎‎ lit. "The Land of Iran Bank") is a private bank in Iran, established in 1998. Mola Al Movahedin Financial institutions in 2011 Upgrades to Bank and changed name to Iranzamin Bank, The founding board obtained the principle agreement license No. 5/1926dated July 10, 2008 from the Central Bank of I.R. of Iran for the establishment of the bank.^[1] Iran Zamin Bank at a Glance is a Non-Government Public Joint-Stock Company.^[2] Capital of the Bank: 2000 Billion Rials ( Two Thousand Billion Rials) Number of thebank shares: 2 billion shares are ordinary and registered shares The value of each share: 1000 Rials Founders: The founders of Iran Zamin Bank are a group of experts and well-reputed individuals from different layers of the society including: activists of various economic sectors comprising production and service parts, experts of bank affairs, medical community , engineering community , academicians , staff of education , cooperating people and other walks of life. Founders’ shares: 51/75 percent of bank shares.It values 1035 billion which has been paid in cash fully. Public offering shares: 48/25percent (965 millions) shares for total value of 965 billion Rials of bank shares through Bank-e Melat and Sherkat-e Farabours-e Iran (Iran’s OTC Market) Date of start and duration of subscription: Sunday February 13, 2011 for 15 days. Meanwhile upon completion of the amount of the offering shares, subscription will be discontinued. The subscription for the shares of Iran Zamin Bank in a level more than maximum determined rate will be subject to the demand of purchaser and agreement of the Founding Board of the Bank prior to underwritten ( provided that it does not surpass the maximum of 10 percent of total shares of bank for public joint-stock companies, public joint-stock cooperative Companies , and non-governmental public institutions and also maximum of 5 percent of bank shares for real persons and other legal persons. According to the regulations, the purchasers of shares should be aware of the contents and terms of subscription which is published in newspapers. They also need to present the necessary documents for purchasing the shares to the branches where underwriting is made.

Timeline

2008 - Established
2011 - Publicly traded

Corporate governance

Chief Executive

Mr. Seyed Mohsen Hashemi^[3]

Current members of the CEO are: CEO: Dr. Mohammadreza Amirhassankhani ^[4]

History of Head Offices

2011-Current: No. 187,North Shams Tabrizi St., Mirdamad Blvd., Tehran, Iran ^[5]

References

External links

Official website

Banks of Iran

Islamic Banking Economy Privatization National Development Fund Tehran Stock Exchange Iran Fara Bourse Iran Mercantile Exchange

Central	Central Bank of the Islamic Republic of Iran

Commercial state	Bank Melli Iran Bank Sepah Post Bank of Iran

Specialized state	Bank Maskan Bank of Industry and Mine Export Development Bank of Iran Gharzolhasaneh - Mehr Iran Bank Keshavarzi Bank

Private	Ayandeh Bank Bank Day Bank Mellat Bank Pasargad Bank Saderat Iran EN Bank Ghavamin Bank Iran Zamin Bank Karafarin Bank Parsian Bank Refah Bank Saman Bank Sarmayeh Bank Sina Bank Tejarat Bank

Investment banks	Amin Investment Bank Kardan Investment Bank Mellat Investment Bank

Overseas	Persia International Bank (UK)

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