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Middle East Bank (Public Joint Stock Company) (Iran)

Main Activities: Commercial Banking
Full name: Middle East Bank (Public Joint Stock Company) Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Middle East Bank, also referred to as MEB, is an Iranian credit institution headquartered in the city of Tehran. It was incorporated and licensed by Iran’s Central Bank in 2012. MEB, whose popular name is and Khavarmianeh Bank operates primarily as a wholesale bank, focusing on corporate clients and specialized credit solutions. It offers regular banking services and e-banking, in addition to distant banking for the institutional customers, where a bank representative goes to the customer’s location to service the customer. Besides Tehran, the bank’s branches are located in Tabriz, Isfahan, Shiraz and Mashhad. MEB subsidiaries are active in the field of brokerage, currency exchange, life and non-life insurance. Its shares were listed on Tehran Stock Exchange in March 2015. MEB, like all Iranian banks, operate under the principles of Islamic Sharia law, which bans the charge and payment of interest.

Headquarters
Ahmed Qassir Street - Bucharest, Corner Of Fifth Street, No. 2, Post Box15875-4445
Tehran; Tehran; Postal Code: 1513645717

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Website: http://en.middleeastbank.ir

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2012
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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49.6%
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20.3%
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9.5%
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5%
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4.8%
Subsidiaries
Dadeh Pardazan Simaye Aftab
100%
Foreign And Currency Exchange Services In The Middle East
100%
Middle East Brokerage Bank Co
75%
Company Performance
Financial values in the chart are available after Middle East Bank (Public Joint Stock 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
52.43%
Operating profit (EBIT)
36.38%
Net Profit (Loss) for the Period
55.82%
Total assets
29.85%
Total equity
47.84%
Total Assets Trend
-2.65%
Net Interest Income Trend
29.8%

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