Ghavamin Bank
| Public | |
| Traded as |
Farabourse: وقوام ISIN: IRO7GHMP0001 |
| Industry | Financial services |
| Founded | 2000 |
| Headquarters | Ghavamin Tower, Tehran, Iran |
Key people | Gholamhasan-Taghi Netaj, CEO |
| Products | Retail banking, insurance, loans |
| Revenue | $1.6 billion (FY 2012) |
Number of employees | 4,300 |
| Website | www.ghbi.ir |
Ghavamin Bank (Persian: بانک قوامین) is an Iranian financial and credit institution established in 2000.[1] Ghavamin Bank is the first bank in the country with the aim of helping to enhance the living quality and financial support of working staff of Iran police forces.
History
Ghavanim started as a charity loan fund, then on July 2000 restructured as financial institute and renamed to Ghavamin saving and charity loan institute and expanded its range of activities to the public in addition to police personnel.[2]
In 2004, following its successful and well managed risk to overtake the bankrupted Al-TAHA financial institute' debts and controlling the charity loan financial crisis in the Province of Isfahan, the Central Bank of Iran agreed to promote it to Bank in an step-by-step restructure.
Finally, in June 2012 Ghavanim was licensed as public bank. In FY 2012-2013, Ghavamin Bank, with revenues of over 1.6 billion US$ dollars, ranks among the twenty-four companies and the seventh largest bank in Iran.[3] While established in Tehran, the institution operates throughout the country with over 500 branches.
Awards
In 2012, Ghavamin Bank has been awarded the EU banking management award.[4]