as tse novn1 isin iro1novn0005 industry financial services founded tehran iran 2001 headquarters tehran iran key people kamran eghtesad co founder hassan motamedi ceo products retail banking transaction accounts insurance stock brokerage investment bank asset based lending consumer finance trade international payments foreign exchange revenue 90 quadrillion irr 2014 net income 8.4 quadrillion irr 2014 total assets 100.3 billion irr 2010 1 number of employees 3000 full time equivalent 2015 website www.en bank.com en bank also known as eghtesad novin bank persian lit . modern economy bank is a major bank established by the eghtesad family offering retail commercial and investment banking services in iran . the company was established in 2000 as a part of the government s privatization of the banking system . 2 while established in tehran the bank operates throughout the nation with 3000 employees 900 atms and 700 branches across the persian gulf region . 3 en bank is iran s first private bank . 4 it is currently listed under the tehran stock exchange and was listed as one of iran s top 200 companies . 5 the bank was also awarded euromoney magazine s best bank of iran in 2010 . 6 the bank was established by the hh ali mohammad eghtesad from the eghtesad family in the year 2000 which led to its major success later that year . 90 percent of the bank is currently owned by the ultra rich family of tehran . the man in charge of the bank is kamran eghtesad 2014 present and is later to be dedicated to his son . contents 1 operations 2 location of branches 3 shareholders 4 corporate governance 5 see also 6 references 7 external links operations edit en bank operates as a private bank in iran and many other middle eastern countries ; in addition to retail corporate international and commercial banking the company offers savings and current accounts loans cards and safe deposit boxes ; merchant cash management and financing services ; internet telephone mobile and sms banking ; and foreign exchange currency accounts trade finance fund transfer and wire services . en bank also provides utility bill payment service ; and complementary financial services ranging from securities trading to insurance . 7 in 2015 en bank with 600 million euros of assets under management aum was in talks with a number of german banks to start a mutual fund of 25 million euros . 8 location of branches edit en bank s branches started to expanded out of iran since 2011 . en bank how holds branches in united arab emirates abu dhabi 2 branches and dubai 1 branches lebanon beirut 2 branches sidon and baalbek afghanistan kabul 2 branches qatar doha 2 branches bahrain manama 3 branches kuwait kuwait city 4 branches saudi arabia riyadh 5 branches shareholders edit the en group of companies is the largest shareholder of the bank which is entirely owned by the eghtesad family 9 other major shareholders include kamran eghtesad h.h. ali mohammad eghtesad and farhangian investment company 10 iran zinc mines development company 11 sakhteman investment company of iran holding 12 and some of the mining companies and other companies . the share capital is 2000 billion iranian rials around 200m . corporate governance edit mohammad botshekan president and ceo 2001 present current members of the board of directors are kamran eghtesad ali mohammad eghtesad mohammad hasheminejad morteza azizi and dr. ali manavirad . 13 see also edit banking in iran privatization in iran references edit http www.iranbourse.com default.aspx tabid 217 & scode 651902 http english.en bank.com site.aspx partree 12111a1311 http english.en bank.com site.aspx partree 12111a1312 http english.en bank.com site.aspx partree 12111a1311 http www.emergingmarketsanalysis.com web iran list ind.htm http english.en bank.com site.aspx partree 12111a1318 http investing.businessweek.com research stocks private snapshot.asp privcapid 105703507 http www.bloomberg.com news articles 2015 06 02 americans scour tehran for cheap assets as iranians open doors http english.en bank.com site.aspx partree 12111a1316 http szf.ir http www.izmdc.com http www.icic.ir http english.en bank.com site.aspx partree 12111a1316 external links edit company site v t e banks of iran islamic banking economy privatization national development fund tehran stock exchange iran fara bourse iran mercantile exchange central central bank of the islamic republic of iran commercial state bank melli iran bank sepah post bank of iran specialized state bank maskan bank of industry and mine export development bank of iran gharzolhasaneh mehr iran bank keshavarzi bank private ayandeh bank bank day bank mellat bank pasargad bank saderat iran en bank ghavamin bank iran zamin bank karafarin bank parsian bank refah bank saman bank sarmayeh bank sina bank tejarat bank investment banks amin investment bank kardan investment bank mellat investment bank overseas persia international bank uk v t e companies listed on the tehran stock exchange aabsal azarab industries bahman group bank mellat bank pasargad bank saderat behran oil chadormalu mining darou pakhsh data processing iran en bank ghadir investment iran combine manufacturing iran khodro iran tractor manufacturing iranian aluminium jaber ebne hayyan pharmaceutical karafarin bank loghman pharmaceuticals mapna mci mobarakeh steel north drilling offset press pars khodro pars oil parsian bank sadra saipa saipa shisheh sepahan oil company sina bank tejarat bank tci tidewater middle east tolypers retrieved from https en.wikipedia.org w index.php title en bank & oldid 735030903 categories banks of iranprivate banksbanks established in 2001companies listed on the tehran stock exchange2001 establishments in iranhidden categories articles containing persian language text navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages edit links this page was last modified on 18 august 2016 at 06 19 . text is available under the creative commons attribution sharealike license ; 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