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Bank of Industry and Mine (Persian: بانک صنعت و معدن, Bank Sana't-e ve Ma'dæn) is an Iranian government owned specialized bank located in Tehran, Iran. It endeavours to increase economic growth through the development of industry and mining.
In 2017, A Chinese state-owned investment firm provided a $10 billion credit line for five Iranian banks, including the Bank of Industry and Mine, "in order to support projects in the country".[1] In light of US sanctions, The bank, and its subsidiaries, have had financial dealings with Danish and German Banks.[2][3]
See also
- Banking in Iran
- Industry of Iran
- Mining in Iran
- Iran Chamber of Commerce Industries and Mines
- The Bank of Industry
- Geological Survey and Mineral Exploration of Iran
References
- ^ "Tehran Bucks US Sanctions As China Gives $10 Billion Credit Line To Five Iranian Banks". caspiannews.com. Retrieved 2022-10-20.
- ^ "Iran Signs €500 Million Finance Deal with Denmark". Financial Tribune. 2017-09-20. Retrieved 2022-10-20.
- ^ "Germany allows US sanctioned Iranian 'terror' banks to operate". The Jerusalem Post | JPost.com. 8 April 2020. Retrieved 2022-10-20.
External links
- Bank of Industry and Mine Archived 2022-07-02 at the Wayback Machine
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