Type Public Net income 818 Million IRR (2009) Headquarters Tehran | Industry Financial services Founded 1985, Tehran, Iran Number of employees 1,998 (full-time) | |
 | ||
Traded as TSE: VSIN1
ISIN: IRO1VSIN0008 Key people Dr Mohammad Mokhaber
(Chairman)
Mohammad Reza Pishro
(CEO) Products Retail banking
Transaction accounts
Insurance
stock brokerage
Investment bank
Asset-based lending
Consumer finance
Trade
International payments
Foreign exchange CEO Mohammad Reza Pishro (2015–) | ||
Sina Bank (Persian: بانک سینا) is a private Iranian banking establishment offering retail, commercial and investment banking services. The company was established in 1985 as a part of the government's privatization of the banking system.
While established in Tehran, the bank operated throughout the nation with 1998 employees and 253 branches.
Sina Bank is listed under the Tehran Stock Exchange and is currently one of eight private banks in Iran. The bank is currently the 64th largest company in Iran. In 2007, Sina Bank had initial equity capital of 10 Billion IRR.
Operations
The bank was established in 1985 as the Bonyad Finance and Credit Company. The company was the first credit establishment in the Iranian financial sector. In 2007, the company was privatized, and in 2009 was listed on the Tehran Stock Exchange.
The bank currently operates throughout the country, housing a total of 253 branches. In 2010, the bank came under European Union sanctions against Iranian banking institutions.
In addition to offering short and fixed deposit accounts for domestic and overseas clients, the bank provides letters of credit, treasury, currency exchange, corporate loans syndication, financial advisory and electronic banking services.