Eghtesad Novin Bank Tehran Iran

[Sapphire Capital]

Eghtesad Novin Bank Tehran Iran
link: www.enbank.ir/MainE.asp

established in 2001 under permit # No. 177132 after new legislation in Iran permited private banks.
capital is 2500 Billion IRR (1 USD = 9350 IRR per Aug 14, 07)

Members of Board of Directors
1- Mohammad Sadr Hasheminejad (chairman of board of directors)
2- Dr. Jalal Rasoulof (managing director and member of board of directors)
3- Bahman Yazdkhasti (member of board of directors)
4- Dr. Alireza Nasseri (deputy chairman of board of directors)
5- Dr. Ali Ma’navi-rad (member of board of directors)


Stockholders of the Bank
A) Construction Group

Tehran Renovation and Construction Company;
Youth Housing Company;
Iran Construction Investment Company;
Salahshouran Housing Company;
Kargaran (Workers) Housing Company;
Iran Development and Housing Company;
Iran and Kish Developers’ Recreational Tourist Complexes Company;
Novin Construction Investment Company;
Stratus International Contractor Company;
Behshahr Industrial Group Construction Company;
B) Industry Group

Behpak Industrial Company;
Behpakhsh Company;
Iran Behshahr Industrial Group Investment Company;
Behshahr Industrial Development Company;
Paxan Company;
Iran Carbon Company;
C) Other Stockholders

Samaneh Gostar Novin Investment Company;
State Pension Fund Investment Company;
State Pension Fund;
Banks’ Employees Pension and Deposit Fund’s Investment Company;

The bank has total 126 legal entities as stockholders and about 9,800 real entities are among the stockholders of the bank.
Stocks of Eghtesad Novin Bank have been traded on Tehran Stock Exchange since March 5, 2004.

They offer all banking services, including phone, sms and internet banking.

Heaquarter contact address is:

No 51, Africa Ave, Tehran, 1969954345, Iran
Tel: [phone]
Fax: [phone]
P.O. Box: 19395-3796
Email: [e-mail]

Correspondents are:
Commerz Bank (Frankfurt, Germany)
Sumitomo Mitsui Banking (Tokyo, Japan)
Dresdner Bank AG (Frankfurt, Germany)
Standard Chartered Bank (Dubai, UAE)
Credit Suisse (Zurich, Switzerland)
Europaeisch-Iranische HandelsBank (eih) (Hamburg, Germany)
Bayerische Hypo Vereinsbank (HVB) (Munich, Germany)
National Bank of Dubai (Dubai, UAE)
Dubai Islamic Bank (Dubai, UAE)
Fortis Banque S.A./N.V. (Brussels, Belgium)
Banca Nazionale Del Lavoro SpA (Rome, Italy)
Australia and New Zealand Banking Group Limited (Melbourne, Australia)
HalkBank (Ankara, Turkey)