S-Bank, also known as Sarmayeh Bank, is a major 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...

ian banking establishment offering retail

Retail banking

Retail banking is banking in which banking institutions execute transactions directly with consumers, rather than corporations or other banks. Services offered include: savings and transactional accounts, mortgages, personal loans, debit cards, credit cards, and so forth.-Types of...

, 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 2000 as apart of the government's privatization

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.

While established in Tehran

Tehran

Tehran , sometimes spelled Teheran, is the capital of Iran and Tehran Province. With an estimated population of 8,429,807; it is also Iran's largest urban area and city, one of the largest cities in Western Asia, and is the world's 19th largest city.In the 20th century, Tehran was subject to...

, the bank operated throughout the nation with 64 employees and 81 branches.

S-Bank 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 6 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...

 . The bank is the second largest private sector provider (after EN Bank

EN Bank

EN Bank, also known as Eghtesad Novin Bank, is a major banking establishment offering retail, commercial and investment banking services in Iran...

) of commercial banking 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 in Iran. In 2006, S-bank had an initial equity capital of $ 365.150 million.

Operations

The bank currently operated throughout the country, housing a total of 81 branches. In 2008, the Bank established several branches overseas in the Netherlands

Netherlands

The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...

, United Arab Emirates

United Arab Emirates

The United Arab Emirates, abbreviated as the UAE, or shortened to "the Emirates", is a state situated in the southeast of the Arabian Peninsula in Western Asia on the Persian Gulf, bordering Oman, and Saudi Arabia, and sharing sea borders with Iraq, Kuwait, Bahrain, Qatar, and Iran.The UAE is a...

 and Tajikistan

Tajikistan

Tajikistan , officially the Republic of Tajikistan , is a mountainous landlocked country in Central Asia. Afghanistan borders it to the south, Uzbekistan to the west, Kyrgyzstan to the north, and China to the east....

.

S-Bank operates as a 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...

 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 addition to offering short and fixed deposit accounts for domestic and overseas clients, The bank also provides financial advisory, letters of credit, treasury, currency exchange

Currency exchange

Currency exchange can refer to:* Bureau de change* Foreign exchange market...

, corporate loans syndication, and electronic banking services.

Shareholders

S-Bank is currently the largest shareholder of the Bank. However, the bank currently holds over 300,000 other shareholders.

Corporate governance

• Gholamreza Hajizadeh - 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: Vahid Taleghani, Pouya Kazemi and Mohammad Zarghami.