AminIB
Encyclopedia
AminIB, also known as Amin Investment Bank, is a major Iran
ian banking establishment offering commercial
and investment banking
services. The company was established in 2007 as part of the government's economic reform
of the banking system.
The bank specializes in services relating to Iran's petrochemical industry and mining sectors
, representing the interests of the Abadan Refinery
, and IMIDRO
.
AminIB is listed under the Tehran Stock Exchange
and is currently one of six private bank
s in Iran
. In 2007, the bank had initial equity capital of $100 million.
services, risk management
, financing and corporate loans.
and Bank Melli.
Current members of the board of directors
include: Gholamreza Amiri, Majid Mousavian and Ramin Pashaei.
Iran
Iran , officially the Islamic Republic of Iran , is a country in Southern and Western Asia. The name "Iran" has been in use natively since the Sassanian era and came into use internationally in 1935, before which the country was known to the Western world as Persia...
ian banking establishment offering commercial
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
and investment banking
Investment banking
An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...
services. The company was established in 2007 as part of the government's economic reform
Privatization in Iran
According to the Fourth Five-Year Economic Development Plan , the Privatization Organization of Iran affiliated to the Ministry of Economic Affairs and Finance is in charge of setting prices and ceding shares to the general public and on the Tehran Stock Exchange...
of the banking system.
The bank specializes in services relating to Iran's petrochemical industry and mining sectors
Mining in Iran
Mining in Iran is under-developed. Yet the country is one of the most important mineral producers in the world, ranked among 15 major mineral rich countries, holding some 68 types of minerals, 37 billion tonnes of proven reserves and more than 57 billion tonnes of potential reservoirs....
, representing the interests of the Abadan Refinery
Abadan Refinery
The Abadan refinery was located in Abadan near the coast of the Persian Gulf. It was completed in 1912 and was one of world's largest oil refineries when it was destroyed in 1980 by Iraq in the Iraq-Iran war. Its nationalisation in 1951 prompted the Abadan Crisis and ultimately the toppling of the...
, and IMIDRO
IMIDRO
Iranian Mines and Mining Industries Development and Renovation Organization is a major holding company active in the mining sector in Iran...
.
AminIB is listed under the Tehran Stock Exchange
Tehran Stock Exchange
The Tehran Stock Exchange is Iran's largest stock exchange, which first opened in 1967. The TSE is based in Tehran. As of July 2010, 337 companies with a market capitalization of US$72 billion were listed on TSE...
and is currently one of six private bank
Private bank
Private banks are banks that are not incorporated. A private bank is owned by either an individual or a general partner with limited partner...
s in Iran
Iran
Iran , officially the Islamic Republic of Iran , is a country in Southern and Western Asia. The name "Iran" has been in use natively since the Sassanian era and came into use internationally in 1935, before which the country was known to the Western world as Persia...
. In 2007, the bank had initial equity capital of $100 million.
Operations
In addition to offering short and fixed deposit accounts for domestic and overseas clients, the bank also provides mergers and acquisitionsMergers and acquisitions
Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...
services, risk management
Risk management
Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities...
, financing and corporate loans.
Shareholders
AminIB is currently the largest shareholder of the company. However, the bank currently holds over 100 other shareholders including Bank MellatBank Mellat
Bank Mellat is a Private Iranian bank. Its name means "Bank of the Nation". Bank Mellat was established in 1980, with a paid of capital of Rials 33.5bn as a merger of ten pre-revolution private banks comprising: Tehran, Dariush, Pars, Etebarat Taavoni & Tozie, Iran & Arab, Bein-al-melalie-Iran,...
and Bank Melli.
Corporate governance
- Mohammad Hossein AdeliMohammad Hossein AdeliSeyed Mohammad Hossein Adeli born in 1953 in Ahvaz is an Iranian politician, diplomat, economist and academic...
- President and CEO 2000–present
Current members of the board of directors
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
include: Gholamreza Amiri, Majid Mousavian and Ramin Pashaei.