| Industry : Banking
Managing director :Mohammad Ebrahim Moghaddam
|Website : www.tejaratbank.ir||Email : : firstname.lastname@example.org
|Tel : + 98 21 81041||Fax :|
|Zip code : 15 98 61 78 18||Address : No.130, Ayatollah Taleghani st, Shahid Nejatollahi corner, Tehran, Iran.|
Mohammad Ebrahim Moghaddam
Mohammad Ebrahim Moghaddam started working at Tejarat Bank as Banking Officer and in 2002 became Member of board of Director in Tejarat bank .He left his position at Tejarat Bank at 2008 and joined to other Iranian Bank Iran Zamin Bank as Chairman in 2011 And finally Chairman of Tejarat Bank since March 2014.
Before the revolution, there were many foreign and also mixed(foreign-Iranian) banks, These banks had shared stock with Iranian banks and worked together in many fields of activity.
In 1979 they turned into national banks and also into different groups which formed other banks such as Mellat Bank and Tejarat Bank, which is the result of 12 corporations merging into a single one. Tejarat Bank remained a national bank until 2009 when, according to the article 44 of the constitution law, most of the governmental companies had to become private or otherwise be sold to the private sector.
The privatization process had to comply specific proportions. Government could only hold up to 20% share, 40% share had to be sold to people through Justice Stock (SahameEdalat) and the remaining 40% belonged to individuals or private companies. Being privatized in 2009, Tejarat Bank took advantage of this and became more competitive and moved towards better banking businesses,AML enhanced foreign relationships and resumed contact with all previous-revolution clients we had. Therefore, up until to 2016 Tejarat Bank has always been ranked first regarding foreign relationships and letters of credit.
Tejarat’s financing policy has always worked alongside the energy industry, mining, oil and gas and petrochemicals in particular. We have eased the financing of many refineries, petrochemical plants such as Mahshahr and Bushehr and other oil and gas endeavors across the country. We have also financed important projects so they would come on stream sooner than expected, making people benefit from this God-given blessing. Moreover, Tejarat Bank has also entered other sectors in the energy industry such as water and power plants.
During sanctions, Iranian banking system had to struggle with issues like finance, access to up-to-date technology, international isolation and outdated regulations. However, since sanctions were lifted most of the banks, including Tejarat Bank, connected to SWIFT system and ISMS information security validation purchased software from other countries like anti-money laundry, internal auditing and IFRS money standards. These new policies and regulations came about 2 years ago directly from the Central Bank of the Islamic Republic of Iran and obliged banks to provide their books for clarification. Furthermore, Tejarat Bank has resumed contact with more than 100 foreign banks in Asia and Europe since the end of 2015. We have independent branches in England and France, Germany, Belarus , Tajikistan and many others.