Company:Iran Zamin Bank

Iran Zamin Bank (Mola Al Movahedin Financial institutions)

Type	Public
Traded as	Farabourse: وزمین ISIN: IRO3ZMNZ0001
Industry	Financial services
Founded	1998
Headquarters	Tehran, Iran
Key people	Abdolmajid Poursaeed (CEO)
Products	Retail banking, insurance, loans
Website	izbank.ir

Iran Zamin Bank (Persian: بانک ایران زمین‎ lit. "The Land of Iran Bank") is a private bank in Iran, established in 1998. Mola Al Movahedin Financial institutions in 2011 Upgrades to Bank and changed name to Iranzamin Bank, The founding board obtained the principle agreement license No. 5/1926dated July 10, 2008 from the Central Bank of I.R. of Iran for the establishment of the bank. Iran Zamin Bank at a Glance is a Non-Government Public Joint-Stock Company. Capital of the Bank: 2000 Billion Rials ( Two Thousand Billion Rials) Number of thebank shares: 2 billion shares are ordinary and registered shares The value of each share: 1000 Rials Founders: The founders of Iran Zamin Bank are a group of experts and well-reputed individuals from different layers of the society including: activists of various economic sectors comprising production and service parts, experts of bank affairs, medical community , engineering community , academicians , staff of education , cooperating people and other walks of life. Founders’ shares: 51/75 percent of bank shares.It values 1035 billion which has been paid in cash fully. Public offering shares: 48/25percent (965 millions) shares for total value of 965 billion Rials of bank shares through Bank-e Melat and Sherkat-e Farabours-e Iran (Iran’s OTC Market) Date of start and duration of subscription: Sunday February 13, 2011 for 15 days. Meanwhile upon completion of the amount of the offering shares, subscription will be discontinued. The subscription for the shares of Iran Zamin Bank in a level more than maximum determined rate will be subject to the demand of purchaser and agreement of the Founding Board of the Bank prior to underwritten ( provided that it does not surpass the maximum of 10 percent of total shares of bank for public joint-stock companies, public joint-stock cooperative Companies , and non-governmental public institutions and also maximum of 5 percent of bank shares for real persons and other legal persons. According to the regulations, the purchasers of shares should be aware of the contents and terms of subscription which is published in newspapers. They also need to present the necessary documents for purchasing the shares to the branches where underwriting is made.

Timeline

• 2008 - Established
• 2011 - Publicly traded

Corporate governance

Chief Executive

• Mr. Seyed Mohsen Hashemi

Current members of the CEO are: CEO: Dr. Mohammadreza Amirhassankhani

History of Head Offices

• 2011-Current: No. 187,North Shams Tabrizi St., Mirdamad Blvd., Tehran, Iran

See also

• Banking in Iran