MarketEN Bank
Company Profile

EN Bank

EN Bank, also known as Eqtesad Novin Bank is Iran's first private 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.

Operations
EN Bank operates 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. 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. In 2024, EN Bank was targeted in a cyberattack carried out by IRLeaks, impacting 20 of Iran's 29 banks, including the Central Bank of Iran. Politico described it as the "worst attack" in the country's history. == Shareholders ==
Shareholders
The EN Group of Companies is the largest shareholder of the bank which is entirely owned by the Eghtesad Family Other major shareholders include Kamran Eghtesad and his son, Ali Mohammad Eghtesad, Iran Zinc Mines Development Company, Sakhteman Investment Company of Iran holding and some of the mining companies affiliated to EN Group. The share capital is 2000 Billion Iranian Rials (around $200M) [est. 2004]. == See also ==
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