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Eghtesad Novin Bank Public Shareholding Company (Iran)

Main Activities: Commercial Banking
Full name: Eghtesad Novin Bank Public Shareholding Company Profile Updated: February 07, 2021
Buy our report for this company USD 29.95 Most recent financial data: 2020 Available in: English Download a sample report

Bank Eghtesad Novin, also referred to as EN Bank, is a private Iranian credit institution headquartered in the city of Tehran. EN Bank was licensed by the Central Bank of Iran in 2001. It was established by a group of industrial and investment companies in order to provide flexible financial services to Iran’s private sector. The bank has elaborated its products to serve private customers, small and medium-sized enterprises, as well as large-scale corporations. Its portfolio includes retail and commercial banking products. EN Bank subsidiaries provide complementary services, such as securities trading, insurance, foreign exchange and investment banking. The bank’s shares are traded on Tehran Stock Exchange. EN Bank, like all Iranian banks, operate under the principles of Islamic Sharia law, which bans the charge and payment of interest.

Legal Address
Valiasr Street,Esfandiari Blvd,24th
Tehran; Tehran; Postal Code: 1968655944

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Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Ratings:
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Incorporation Date:
2001
Key Executives
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Director / Member of the Management Board
Ownership Details
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6.45%
Company Performance
Financial values in the chart are available after Eghtesad Novin Bank Public Shareholding Company report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency IRR. Absolute financial data is included in the purchased report.
Net interest income
81.4%
Operating profit (EBIT)
9.41%
Net Profit (Loss) for the Period
N/A
Total assets
38.77%
Total equity
169.46%
Total Assets Trend
28.49%
Net Interest Income Trend
54.47%

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