Iranian-European Bank (German: Europäisch-Iranische Handelsbank AG; Persian: بانک تجارتی ایران و اروپا, Bank Tejareti-ye Iran vâ Erupa) is a German bank founded in 1971.[1] Headquartered in Hamburg, it has two other branches in Kish Island (opened in 2005) and Tehran (representative office turned into branch in 2008).[2] The European-Iranian Commercial Bank is a German joint stock company. It is (majority) owned by Iranian Bank for Industries and Mines (52%), Iranian Bank Mellat (26%), and Iranian Bank Tejarat (19%).[3]
 | |
 IEB headquarters | |
| Formerly | Deutsch-Iranische Handelsbank AG[1] |
|---|---|
| Company type | Aktiengesellschaft |
| Industry | Financial services |
| Founded | 1971 |
| Headquarters | , |
Number of locations | 3 |
| Owner |
|
Number of employees | 75[1] |
| Website | eihbank |
Its biggest shareholder is an Iranian state-owned bank, Bank of Industry and Mine, and other major stakeholders include Bank Mellat and Bank Tejarat.[2] Due to sanctions against Iran, the bank was not operative between 2011 and 2016.[4] In 2018, before the US pulled out of the Iran deal and reinstated their sanctions, German tabloid Bild obtained information about plans to fly out €300 million ($350 million) in cash.[5] Iran subsequently canceled their request for the German financial authority BaFin to release that money held by the European-Iranian Trade Bank.[6]
References
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- ^ a b c "Europäisch-Iranische Handelsbank AG: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2018-08-08.
- ^ a b "5 Foreign Banks Licensed by Iran". Financial Tribune. 2017-06-06. Retrieved 2018-08-08.
- ^ Vollmer, Rainer (1998), "Die Deutsche Bundesbank als Bank der Banken", Banken in Deutschland, Wiesbaden: VS Verlag für Sozialwissenschaften, pp. 97–105, ISBN 978-3-8100-1696-6, retrieved 2023-03-31
- ^ "EIH Bank Back in Business". Financial Tribune. 2016-03-04. Retrieved 2018-08-08.
- ^ "Germany probes huge Iran cash transfer request | DW | 10.07.2018". Deutsche Welle.
- ^ "Reports: Iran Drops Bid to Transfer Millions Out of Germany".
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