Bank of Industry and Mine explained

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]

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Notes and References

  1. Web site: Tehran Bucks US Sanctions As China Gives $10 Billion Credit Line To Five Iranian Banks . 2022-10-20 . caspiannews.com . en.
  2. Web site: 2017-09-20 . Iran Signs €500 Million Finance Deal with Denmark . 2022-10-20 . Financial Tribune . En.
  3. Web site: Germany allows US sanctioned Iranian 'terror' banks to operate . 2022-10-20 . The Jerusalem Post JPost.com . 8 April 2020 . en-US.