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Line 1: {{Short description\|Iranian banking and financial services corporation}} {{Use dmy dates\|date=June 2023}} {{Infobox company \| ~~company_name~~name = Sina Bank \| ~~company_logo~~logo = ~~[[File:~~SINA8468.jpg~~\|200px]]~~ \| ~~company_type~~logo_size = \| type = [[Public company\|Public]] \| traded_as = [[Tehran Stock Exchange\|TSE]]: [http://www.tse.ir/en/ShowIns.aspx?ins=45050389997905274 VSIN1]<br />[[International Securities Identification Number\|ISIN]]: IRO1VSIN0008 \| foundation = 1985 (as Bonyad Finance and Credit Company)<br />2009 (as Sina Bank) \| location = Tehran, Iran \| key_people = ~~Abdulnasser~~Gholamreza ~~Hemmati,~~Fathali<br />~~[[chief executive~~(Acting) ~~officer]]~~{{small\|(CEO)}} \| industry = [[Financial services]] \| products = [[Retail banking]]<br>[[Transaction accounts]]<br />[[Insurance]]<br />[[brokerage firm\|stock brokerage]]<br />[[Investment bank]]<br />[[Asset-based lending]]<br />[[Consumer finance]]<br />[[Trade]]<br />[[Wire transfer\|International payments]]<br />[[Foreign exchange market\|Foreign exchange]]\| Line 12 ⟶ 16: \| revenue = \| net_income = {{profit}} [[File:Rialsymbol.svg\|20px]] 818 Million [[Iranian Rials\|IRR]] (2009) \| num_employees = 1998 (full-time)<ref name="sinabank1">[http://www.sinabank.ir/UploadedFiles/gFiles/f0280adf466d4d8.gif] {{webarchive \|url=https://web.archive.org/web/20110722021240/http://www.sinabank.ir/UploadedFiles/gFiles/f0280adf466d4d8.gif \|date=July 22, 2011 }}</ref> \| homepage = http://www.sinabank.ir/ }} '''Sina Bank''' ({{~~lang-~~langx\|fa\|بانک سینا}}, ''Bank-e Sina'') is a private [[Banking and insurance in Iran\|Iranian banking establishment]] offering [[retail banking\|retail]], [[Commercial bank\|commercial]] and [[investment banking]] services. The company was established in 1985 as a part of the government's [[Privatization in Iran\|privatization]] of the banking system.<ref>{{cite web\|url=http://en.sbank.ir/content/view/56/ \|title=Sarmayeh Bank portal:: Homepage \|publisher=En.sbank.ir \|date= \|accessdate=2014-02-08}}</ref>▼ ~~[[File:Sina Bank-Nishapur.jpg\|200px\|thumbnail\|right\|Sina Bank,[[Nishapur]]]]~~ ▲'''Sina Bank''' ({{lang-fa\|بانک سینا}}) is a private [[Banking and insurance in Iran\|Iranian banking establishment]] offering [[retail banking\|retail]], [[Commercial bank\|commercial]] and [[investment banking]] services. The company was established in 1985 as a part of the government's [[Privatization in Iran\|privatization]] of the banking system.<ref>http://en.sbank.ir/content/view/56/</ref> While established in [[Tehran]], the bank operated throughout the nation with 1998 employees and 253 branches.<ref~~>http:~~ name="sinabank1"/~~/www.sinabank.ir/UploadedFiles/gFiles/f0280adf466d4d8.gif</ref~~> Sina Bank is listed under the [[Tehran Stock Exchange]] and is currently one of eight [[private bank]]s in [[Iran]].<ref>{{cite web\|url=http://en.sbank.ir/component/option,com_frontpage/Itemid,1/ \|title=Sarmayeh Bank portal:: Homepage \|publisher=En.sbank.ir \|date= \|accessdate=2014-02-08}}</ref> The bank is currently the 64th largest company in Iran.<ref>[http://www.sinabank.ir/UploadedFiles/gFiles/b1af2e79d874419.gif] {{webarchive\|url=https://web.archive.org/web/20110722021324/http://www.sinabank.ir/UploadedFiles/gFiles/b1af2e79d874419.gif\|date=July 22, 2011}}</ref> In 2007, Sina Bank had initial equity capital of [[File:Rialsymbol.svg\|20px]] 10 Billion [[Iranian Rials\|IRR]].<ref name="sinabank2">{{cite web\|url=http://www.sinabank.ir/UploadedFiles/gFiles/ffd53f1d6aaf4cf.gif \|language=en \|access-date=27 June 2023 \|title=Background \|format=GIF \|archiveurl=https://web.archive.org/web/20110722021354/http://www.sinabank.ir/UploadedFiles/gFiles/ffd53f1d6aaf4cf.gif \|archivedate=July 22, 2011 }}</ref> ==Operations== The bank was established in 1985 as the Bonyad Finance and Credit Company.<ref~~>http:~~ name="sinabank2"/~~/www.sinabank.ir/UploadedFiles/gFiles/ffd53f1d6aaf4cf.gif</ref~~> The company was the first credit establishment in the Iranian financial sector. In 2007, the company was [[Private company\|privatized]],<ref~~>http://www.sinabank.ir/UploadedFiles/gFiles/ffd53f1d6aaf4cf.gif<~~ name="sinabank2"/~~ref~~> and in 2009 was listed on the Tehran Stock Exchange.<ref>{{cite web\|url=http://www.iranbourse.com/Default.aspx?tabid=217&sCode=651905 \|title=بورس اوراق بهادار تهران Tehran Stock Exchange \|publisher=Iranbourse.com \|date= \|accessdate=2014-02-08}}</ref> The bank currently operates throughout the country, housing a total of 253 branches. In 2010, the bank came under [[European Union]] sanctions against Iranian banking institutions.<ref>{{cite web\|url=http://www.earthtimes.org/articles/news/336656,aerospace-guards-summary.html \|title=News \|publisher=Earth Times \|date= \|accessdate=2015-02-21}}</ref>▼ In addition to offering short and [[fixed deposit]] accounts for domestic and overseas clients, the bank provides letters of credit, treasury, [[Foreign exchange market\|currency exchange]], corporate loans syndication, financial advisory and electronic banking services.<ref>{{cite web\|url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=64921856 \|archive-url=https://web.archive.org/web/20121005112631/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=64921856 \|url-status=dead \|archive-date=October 5, 2012 \|title=Sarmaye Bank (P.J.S.C.): Private Company Information - Businessweek \|publisher=Investing.businessweek.com \|date= \|accessdate=2014-02-08}}</ref>▼ ▲The bank currently operates throughout the country, housing a total of 253 branches. In 2010, the bank came under [[European Union]] sanctions against Iranian banking institutions.<ref>http://www.earthtimes.org/articles/news/336656,aerospace-guards-summary.html</ref> ==History== ▲In addition to offering short and [[fixed deposit]] accounts for domestic and overseas clients, the bank provides letters of credit, treasury, [[Foreign exchange market\|currency exchange]], corporate loans syndication, financial advisory and electronic banking services.<ref>http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=64921856</ref> In 1985, [[Mostazafan Foundation]] established a financial and credit institution named "Bonyad" from its own assets. In 2007, the Foundation decided to establish a private bank for itself. To establish the bank, Mostazafan Foundation applied to the Central Bank of the Islamic Republic of Iran for permission to convert Bonyad Financial and Credit Institution into a bank. In 2008, the Central Bank of Iran agreed to convert Bonyad financial and credit institution into a bank. Since then, Bonyad Financial and Credit Institution started operating under the name Sina Bank. Mostazafan Foundation remains the largest shareholder of Sina Bank.<ref>{{Cite web\|url=https://www.khabaronline.ir/news/152920/%D9%BE%D8%B4%D8%AA-%D8%A7%DB%8C%D9%86-%D8%AA%D8%A7%D8%A8%D9%84%D9%88%D9%87%D8%A7-%DA%A9%DB%8C%D8%B3%D8%AA-%D8%A8%D8%A7%D9%86%DA%A9-%D9%87%D8%A7%DB%8C-%D8%AE%D8%B5%D9%88%D8%B5%DB%8C-%D9%85%D8%AA%D8%B9%D9%84%D9%82-%D8%A8%D9%87-%DA%86%D9%87-%D8%A7%D9%81%D8%B1%D8%A7%D8%AF%DB%8C-%D8%A7%D8%B3%D8%AA\|title=پشت این تابلوها کیست؟/ بانک های خصوصی متعلق به چه افرادی است؟\|website=khabaronline.ir\|publisher=Khanaronline News Agancy\|lang=fa\|date=May 23, 2011\|access-date=January 28, 2024}}</ref> == Subsidiaries== ~~==Corporate governance==~~ Sina Bank has five subsidiaries in the fields of exchange, technology development, leasing and investment that operate under the Sina name.<ref>{{Cite web\|url=https://sinabank.ir/web_directory/636-شرکتهای-مرتبط.html\|title=شرکت‌های مرتبط\|website=sinabank.ir\|publisher=Sina Bank\|lang=fa\|date=\|access-date=January 28, 2024}}</ref> Abdolnaser Hemmati - President and CEO 2007–present On 2 August 2012 the EU Council deleted the name of Dr Abdolnaser Hemmati from its list of sanction set out in Annex IX to Regulation (EU) No 267/2012.[http://www.iranwatch.org/international/EU/eu-council-080212.pdf Official Journal of the European Union dated 3.8.2012] == Public benefit activities== Current members of the [[board of directors]] include: [[Mohammad Izadi]], [[Masoud Pashmchi]] and [[Sadegh Mohammad Talei]].<ref>http://www.sinabank.ir/En/sdPages/Page.aspx?tid=227</ref> In addition to its financial and credit activities, Sina Bank also has public benefit activities such as helping earthquake victims and helping to buy medical equipment for underprivileged areas.<ref>{{Cite web\|url=https://www.tasnimnews.com/fa/news/1402/05/08/2933366/نگاهی-به-سبد-جامع-مسئولیت-اجتماعی-بانک-سینا\|title=نگاهی به سبد جامع مسئولیت اجتماعی بانک سینا\|website=www.tasnimnews.com\|publisher=[[Tasnim News Agency]]\|lang=fa\|date=July 30, 2023\|access-date=January 28, 2024}}</ref> ==See also== {{Portal\|Banks}} [[Banking in Iran]] ==References== {{Reflist}} ~~{{Bare URLs\|date=January 2014}}~~ ~~{{reflist\|2}}~~ ==External links== * {{Official website\|http://www.sinabank.ir/}} {{~~banks~~Banks of Iran}} {{TSE Companies of Iran}} [[Category:Banks of Iran]] ~~[[Category:Private banks]]~~ [[Category:Banks established in 1985]] [[Category:Companies listed on the Tehran Stock Exchange]] [[Category:Companies in the TSE TEFIX-30]] [[Category:Iranian companies established in 1985]] [[Category:companies based in Tehran]] [[Category:Iranian entities subject to U.S. Department of the Treasury sanctions]]