Keshavarzi Bank (, ''Bānk-e-Keshāvarzi''), (meaning: Bank of Agriculture) also known as Agribank, is a major

Iran Iran, officially the Islamic Republic of Iran (IRI) and also known as Persia, is a country in West Asia. It borders Iraq to the west, Turkey, Azerbaijan, and Armenia to the northwest, the Caspian Sea to the north, Turkmenistan to the nort ...

ian banking establishment offering

retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholes ...

and

commercial Commercial may refer to: * (adjective for) commerce, a system of voluntary exchange of products and services ** (adjective for) trade, the trading of something of economic value such as goods, services, information or money * a dose of advertising ...

services. The company was established in 1933 and as a Farming and Industrial Bank. Currently, the bank serves as the only specialized financial institution in the agricultural sector that holds over 1800 branches nationwide and finances nearly 70% of the Iranian agricultural sector. While established in

Tehran Tehran (; , ''Tehrân'') is the capital and largest city of Iran. It is the capital of Tehran province, and the administrative center for Tehran County and its Central District (Tehran County), Central District. With a population of around 9. ...

, the bank operates throughout the nation with over 16,000 employees and 1800 branches. The bank currently specializes in providing credit facilities for agricultural development and other rural development activities.

Operations

Keshavarzi Bank-Central Branch-Nishapur 1

The bank currently operates throughout the country, housing a total of 1800 branches. In addition to offering short and

fixed deposit A fixed deposit (FD) is a tenured deposit account provided by banks or non-bank financial institutions which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require th ...

accounts for domestic and overseas clients, the bank provides letters of credit, treasury,

currency exchange A bureau de change (plural bureaux de change, both ; British English) or currency exchange (American English) is a business where people can exchange one currency for another. Nomenclature Originally French, the term () is widely used thro ...

, corporate loans syndication, financial advisory and electronic banking services. In 2003 a pilot branch was exclusively designed in

to service teens exclusively. Currently, there are 85 branches across Tehran holding special windows for services offered to children and young people. Similar windows have recently been opened in provincial directorates. In 2009, the bank was awarded the Association of Development Financing Institutions of Asia and the Pacific's award for agricultural and environmental development.

Significant Incident

In February 1990, the bank's central branch in

Hamedan Hamadan ( ; , ) is a mountainous city in western Iran. It is located in the Central District of Hamadan County in Hamadan province, serving as the capital of the province, county, and district. As of the 2016 Iranian census, it had a po ...

experienced a tragic robbery. The event resulted in the loss of life of the bank manager

Abdulrahman Nafisi Murder at Hamedan's Bank Keshavarzi Iran occurred on 11 February 1990 in the basement of the central branch of Bank Keshavarzi Iran in Hamedan, located close to Avicenna Mausoleum which is called Meydan-e-Aramgah (. In this incident, the bank ma ...

, his family, and a security guard. The bank manager,

, displayed extraordinary courage by prioritizing the safety of the bank's funds over his own life. Despite being under torture, he pleaded with the robbers to take his personal belongings instead of the people's money. Hamadan_City_01

References

External links

* {{Authority control Banks established in 1937 Companies listed on the Tehran Stock Exchange 1937 establishments in Iran Iranian entities subject to U.S. Department of the Treasury sanctions Government-owned banks of Iran companies based in Tehran

Operations

Significant Incident

See also

References

External links