Bank of Industry and Mine | |
Type: | State-owned enterprise |
Key People: | Ali Khorsandian (CEO) |
Industry: | Banking Financial services Investment services |
Products: | Finance and insurance Consumer banking Corporate banking Investment banking Investment management Global wealth management Private equity Mortgage loans Credit cards |
Area Served: | Iran |
Location: | Tehran, Iran |
Homepage: | www.bim.ir |
Bank of Industry and Mine (Persian: بانک صنعت و معدن, Bank Sana't-e ve Ma'dæn) is an Iranian government owned specialized bank located in Tehran, Iran. It endeavours to increase economic growth through the development of industry and mining.
In 2017, A Chinese state-owned investment firm provided a $10 billion credit line for five Iranian banks, including the Bank of Industry and Mine, "in order to support projects in the country".[1] In light of US sanctions, The bank, and its subsidiaries, have had financial dealings with Danish and German Banks.[2] [3]