Financial sanctions against Bank Saderat Iran
All moneys and economic resources of Bank Saderat Iran in Europe are blocked (Regulation EU 961/2010 of 25.10.2010 by EU-Council)
What does it mean for you?
All contracts signed before sanction are safeguarded by an exemption rule, they will be handled by us without annoyance. Transfer of profits to accounts with other banks will be authorized by German authorities at the most within a few days. New business with Iranian customers can not be done under letter of credit issued by Bank Saderat, please ask your customer to use one of the following banks:
|
Bankname |
( in Farsi ) |
Adresse |
|
Keshavarzi Bank (Bank of Agriculture ) |
بانک کشاورزی |
Jalal-Al- Ahmad Highway |
|
Bank Maskan (Housing Bank) |
بانک مسکن |
Ferdowsi Ave., Cross Sarhang Sakhaie St., Tehran, Iran P.O.Box: 11365-3499 |
|
Bank of Industry and Mine |
بانک صنعت و معدن |
Valiasr Ave. after Chamran Highway, Mahmudieh Stat. No. 2917, |
|
Eghtesad Novin Bank |
بانک اقتصاد نوین |
Valiasr Ave.Esfaniyar Blvd. No. 28, |
|
Karafarin Bank |
بانک کارآفرین |
Valisr Ave.Nahid St. No.95, Tehran P.O.Box 1966916461 |
|
Parsian Bank |
بانک پارسیان |
Keshavarz Blvd. Nr. 65 , Tehran |
|
Bank Sarmayeh |
بانک سرمایه |
Arak St., Sepahbod St., No. 24, Tehran |
|
Bank Tejarat |
بانک تجارت |
Taleghani Ave. Nejatollahie St., No. 130, 15994 Tehran |
Customers with BSI-account may transfer account balance to other bank, please let us have your transfer order.
We hold sufficient liquidity for all payments available.
Bank Saderat Iran - at a glance -
Bank Saderat Iran, based in Tehran, Iran was founded in 1952. As a large Iranian bank we offer universal banking worldwide with approximately 34,000 employees. The share capital amounts to 16 803 billion IRR.
Bank Saderat Iran - Germany -
In Germany, the banking license for business of any kind (except for the investment business pursuant to § 1 para 1 sentence 2 No. 6 KWG) administered by the German Banking Act was granted on 30th August 1961. The branches in Hamburg - established in 1962 - and Frankfurt - since 1979 - with total assets of over one billion Euros, registered in the Local Courts of Hamburg under HRB 9777 and in Frankfurt under HRB 16 521 apply to supervision as one bank according to § 53 para 1 sentence 1 KWG and are among the oldest foreign banks in Germany.
Because of our special affinity with home country Iran and our long experience, we are strategically focused on the management and financing of exports to Iran and the Gulf States and see our core business within this geographical area. We offer to our customers a full range of services around the handling of letters of credit, e.g. discounting of export proceeds, account keeping, payment services, loans, guarantees and deposit on attractive rates.
Due to this special orientation, we are free from the direct impact of the financial crisis. The Bank is statutory member of the German Banks Compensation Scheme and since 1979 member of the Deposit Guarantee Fund of the Federal Association of German Banks. Financial statements and management reports shall be published in the electronic Federal Gazette. Fiscal year of German subsidiaries are in line with the Bank Saderat Iran in Tehran (as of March 20, Iranian calendar year).