Iran Has Issued Licences For 5 Foreign Banks

Originally published 9th June 2017

According to the Central Bank of Iran, 40 registered banks and credit institutions operate in Iran which there are five foreign banks among the active banks' list.

These licenced foreign banks which mostly located in Tehran and Kish Free Trade Zone, are as follows:

• Hamburg-based Iranian-European Bank
• Standard Chartered PLC
• Iran-Venezuela Bi-National Bank
• Islamic Cooperation Investment Bank
• Future Bank

Hamburg-based Iranian-European Bank

Europaisch-Iranische Handelsbank AG (eihbank), headquartered in Hamburg with branches in Tehran and Kish Island since 2005 as an affiliate to Iran's Bank of Industry and Mine, is the first active foreign lender in Iran. eihbank provides banking services to its clients and business partners in Germany, Iran and all over the world.