- EN Bank
-
Eghtesad Novin Bank 
Type Public
TSE: NOVN1Industry Financial services Founded Tehran, Iran , 2001 Headquarters Tehran, Iran Key people Mohammad Botshekan (CEO) Products Retail banking
Transaction accounts
Insurance
stock brokerage
Investment bank
Asset-based lending
Consumer finance
Trade
International payments
Foreign exchangeRevenue 
1.8 Billion IRR (2010)Net income 1.2 Billion IRR (2010)Total assets 56.65 Billion IRR (2010)[1]Employees 2077 (Full-time equivalent, 2009) Website www.en-bank.com EN Bank, also known as Eghtesad Novin Bank, is a major banking establishment offering retail, commercial and investment banking services in Iran. The company was established in 2000 as a part of the government's privatization of the banking system.[2]
While established in Tehran, the bank operates throughout the nation with 2077 employees, 622 ATMs and 200 branches.[3]
EN Bank is Iran's first private bank,[4]. It is currently listed under the Tehran Stock Exchange and was listed as one of Iran's top 200 companies.[5] The bank was also awarded Euromoney magazine's best bank of Iran in 2009.[6]
Contents
Operations
EN Bank operates as a private bank in Iran; In addition to retail, corporate, international, and commercial banking, The company offers savings and current accounts, loans, cards, and safe deposit boxes; merchant, cash management, and financing services; Internet, telephone, mobile, and SMS banking; and foreign exchange, currency accounts, trade finance, fund transfer, and wire services. EN Bank also provides utility bill payment service; and complementary financial services, ranging from securities trading to insurance.[7]
The EN group Holding company is the largest shareholder of the bank[8]. Other major shareholders include Ghadir Investment Company,[9] Farhangian Investment Company,[10] Iran Zinc Mines Development Company,[11] Sakhteman Investment Company of Iran holding[12] and some of the mining companies and other companies. The share capital is 1000 Billion Iranian Rials (around $100M).
Corporate governance
- Mohammad Botshekan - President and CEO 2001–present
Current members of the board of directors are: Mohammad Hasheminejad, Morteza Azizi and Dr. Ali Manavirad.[13]
See also
- Banking in Iran
- Privatization in Iran
References
- ^ http://www.iranbourse.com/Default.aspx?tabid=217&sCode=651902
- ^ http://english.en-bank.com/Site.aspx?ParTree=12111A1311
- ^ http://english.en-bank.com/Site.aspx?ParTree=12111A1312
- ^ http://english.en-bank.com/Site.aspx?ParTree=12111A1311
- ^ http://www.emergingmarketsanalysis.com/web/iran/list_ind.htm
- ^ http://english.en-bank.com/Site.aspx?ParTree=12111A1318
- ^ http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=105703507
- ^ http://english.en-bank.com/Site.aspx?ParTree=12111A1316
- ^ http://ghadir-invest.com/
- ^ http://szf.ir/
- ^ http://www.izmdc.com/
- ^ http://www.icic.ir/
- ^ http://english.en-bank.com/Site.aspx?ParTree=12111A1316
External Links
Agribank • AminIB • Bank Melli • Bank Mellat • Bank Maskan • BIM • BPI • Central Bank of Iran • City Bank • Day Bank • EDBI • EN Bank • Karafarin Bank • Mehr • Parsian Bank • Persia International Bank • Post Bank • Refah Bank • S-Bank • Sedarat • Saman Bank • Sepah Bank • Sina Bank • TT Bank • Tat Bank • Tejarat Bank • Tourism BankSubsidaries: 
TSE companies of IranAabsal · AminIB · Artawheel Tire · Bahman Group · Bank Mellat · Chadormalu Mining · Darou Pakhsh · DPI · EN Bank · Falegh Sanat · Ghadir Investment · HEPCO · IRICO · Iran Combine Manufacturing · Iran Khodro · NOSA · Iranian Aluminium · Karafarin Bank · Loghman Pharmaceuticals · MAPNA · Mobarakeh Steel · Morattab Motors · North Drilling · Offset Press · Parsian Bank · Pasargad Bank · Pegah Golpayegan · S-Bank · SADRA · Saipa · Saderat Bank · Saipa Shisheh · Sepanta International · Sina Bank · TCI · Tolypers · Yazd Tire
Categories:- Banks of Iran
- Private banks
- Banks established in 2001
- Companies listed on the Tehran Stock Exchange
- Asian bank stubs
- Iran stubs
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