Sarmayeh Bank

Sarmayeh Bank

Company type	Public
Traded as	Farabourse: سمایه ISIN: IRO3IBKZ0001
Industry	Financial services
Founded	2005
Headquarters	Tehran, Iran
Products	Retail banking Transaction accounts Insurance stock brokerage Investment bank Asset-based lending Consumer finance Trade International payments Foreign exchange
Net income	468 Billion IRR (2008)
Total assets	12.04 Trillion IRR (2008)
Website	sbank.ir

Bank Sarmayeh, branch of Nishapur

Sarmayeh Bank is an Iranian bank founded in 2005 as part of the government's privatization of the banking system.[1]

Sarmayeh Bank is listed in Farabourse. In 2006, Sarmayeh Bank had an initial equity capital of $365.150 million.[2] In 2024, the bank was targeted as part of a cyberattack by IRLeaks on the Iranian banking sector. The cyberattack was described as the "worst attack" in Iranian history by Politico.[3]

Operations

The bank operates a total of 153 branches. In 2008, the bank established several branches overseas in the Netherlands, United Arab Emirates and Tajikistan.[4]

In 2024, the bank was targeted as part of a cyberattack by IRLeaks on the Iranian banking sector. The cyberattack targeted 20 out of 29 Iranian banks including the central bank of Iran. The attack was described as the "worst attack" in Iranian history by Politico.[3]

Shareholders

Sarmayeh Bank is currently the largest shareholder of the Bank.[4] However, the bank currently has over 300,000 other shareholders.[2]

See also

• Banking in Iran
• Privatization in Iran

References

1. "General Meeting - Sarmaye Bank (The Private Commercial Banking Services)". Archived from the original on 2016-03-05. Retrieved 2010-07-26.
2. "Sarmaye Bank - Home". en.sbank.ir. Archived from the original on 2008-06-12.
3. "Iran pays millions in ransom to end massive cyberattack on banks, officials say". POLITICO. 2024-09-04. Retrieved 2024-09-09.
4. "Error".

External links

• Official website