| Balgouri: Corporate governance principles will lead to stability and improvement of the functions of banking system
|2 September 2018 |
Pointing at the importance and place of corporate governance in the banking system, Alireza Bolgouri said in 29th Islamic Banking Conference: Studying the causes and pathology of collapse of some big banks, the collapse that had great loss for society, shows that the calamity had been mainly the result of weakness of corporate governance in the banks.
He explained the effects of applying the principles of corporate governance on banking system stability and added that a stable banking system creates efficient financial medium and enables the system to act more successfully in allocation of resources to investments.
It is noteworthy that the 29th Islamic Banking Conference was held in Islamic Republic of Iran Broadcasting Centre for International Conferences on First and Second of September 2018 on the pivot of "the challenge of corporate governance of resource management cost in the country's banking network".
| In presence of the Managing Director of Eghtesad Novin Bank (EN Bank), Mehr Novin School was opened in Afrasiab Village of Sananda
|29 August 2018 |
In opening ceremonies of this school in which a group of provincial and national authorities and officials were present, Alireza Bolgouri, the Managing Director of the bank, said that raising skilful and knowledgeable human force is the most important prerequisite of all-out development of the country. Pointing the social responsibility of economic corporations in creation educational infrastructures and the role of the Ministry of Education in developing software facilities, he said: "We have to act together in such a way that the dear students and teachers have no worry in schools except studying and education."
It is noteworthy to point out that Mehr Novin school is a 158-square meter building constructed on a piece of land which measures 350 square meters. It has been constructed and equipped by appropriation of 2.5 billion Rials and will be host of children and juveniles of Afrasiab Village, Hossein Abad, Sanandaj. Further, with the aim of facilitating education and learning, Eghtesad Novin Bank (EN Bank) presented some backpacks containing stationery to the students of above mentioned school.
| In the presence of the Managing Director of Eghtesad Novin Bank (EN Bank), Mehr Novin School was opened in Cambil Village of Minab
|19 August 2018|
According to the report of Public Relations of Eghtesad Novin Bank (EN Bank), in opening ceremony of Mehr Novin School in which a group of provincial and national authorities and officials were present, Alireza Bolgouri, the Managing Director of Eghtesad Novin Bank (EN Bank), pointed at the professional responsibilities of Eghtesad Novin Bank (EN Bank) in economic arena and the bank's aims and achievements in social responsibilities field. "Our belief in Eghtesad Novin Bank (EN Bank) is materialization of "with together and for together" motto with hope that we, hand in hand, play creative role in national and international arenas and for progress and development of our dear country, Iran.
It is noteworthy to point out that 6-class Mehr Novin school is a 400-square meter building constructed on a piece of land which measures 1,800 square meters. It has been constructed and equipped by appropriation of one billion Rials and will be host of children and juveniles of Minab city from the beginning of new school year. Further, with the aim of facilitating education and learning, Eghtesad Novin Bank (EN Bank) presented some bags containing stationery to the students of Cambil school.
| Alireza Bolgouri: At this space of time, safeguarding the health and stability of the bank is our greatest duty
|12 August 2018 |
in the ceremony which was held in honour of seventeenth anniversary of the establishment of Eghtesad Novin Bank (EN Bank), the Managing Director of the Bank pointed out that answerability and responsibility, efficiency promotion, and safeguarding the banks health and stability are the most important duties of the bank employees in this space of time.
The principal shareholders of the bank, members of the board of directors, major managers, and many members of the staff were present in the ceremonies. Alireza Bolgouri, the Managing Director of Eghtesad Novin Bank (EN Bank), congratulated the seventeenth anniversary of the establishment of Eghtesad Novin Bank (EN Bank) and enumerated the aims and plans of the bank for year 1397 (21 March 2018 - 20 March 2019) and added that profitability, collecting non-current debts, and completing the selling of the assets which are surplus to requirement and yield no benefit are the chief pivot of the bank's program for achieving the aims in current year.
In his opinion, the most important fruit of adhering to this policy is the healthy and disability of the bank. He expressed hope that participation and responsibility of all employees and believing the aims and plans would open new chapter in brilliant horizons.
In continuation of the ceremony, Engineer Mohammad Sadr Hasheminejad, the founder of Eghtesad Novin Bank (EN Bank); Dr. Yousefi, the Managing Director of Behshahr Industries Development Company as the principal shareholder, and Siamak Dol.ati, chairman of the board of direct ors of the bank, delivered speeches and congratulating the seventeenth anniversary of the bank to t he colleagues and the customers and explained their viewpoints and their expectations from the managers and staff of Eghtesad Novin Bank (EN Bank).
| On Occasion of 17th Anniversary of Establishment of Eghtesad Novin Bank (EN Bank), "Hamrah Novin System" was unveiled
|11 August 2018|
On threshold of seventeenth anniversary of the first private bank of Islamic Republic of Iran, Hamrah Novin which is the new system of Eghtesad Novin Bank (EN Bank) was unveiled to render different banking services on telephone lines with special and unique capabilities.
"Hamrah Novin System" is a modern service in the field of financial technology. The system has been designed and introduced to be used by the customers of Eghtesad Novin Bank (EN Bank) and the public in general and provides an easy and safe experience for getting access to different banking and financial services. This system is capable to be used on IOS and Android operating systems. Among its new facilities the following ones may be pointed out: Running on smart watches, possibility of sorting and reporting the transactions in Financial Management Menu, possibility of card scanning and automatic entering of data on card, possibility of instant purchase of charge , possibility of visiting and allocating facilities, and branches and ATM locations finding.
Among other features of "Hamrah Novin System" is its capability for being used as a guest system, i.e. people who still are not customers of the bank may use it.
For obtaining this system and more information, the customers of Eghtesad Novin Bank (EN Bank) and dear fellow countrymen may visit the website of Eghtesad Novin Bank (EN Bank) at www.enbank.ir/mobile.
| The Ceremony of Starting Construction of Mehr-e-Novin School in Rajan Silvana Village was held
|24 July 2018|
In the groundbreaking ceremony of twenty-ninth Eghtesad Novin 6-class school was held in Rajan Silvana village of West Azerbaijan province. Silvana area covers 11,130 pupils in 151 schools and 133 school buildings. This area continues to receive the flood of the residents of other villages and this highlights the shortages and needs of this disadvantaged area. It is hoped that thanks to efforts of benevolent people and organizations like Eghtesad Novin Bank (EN Bank) the economic and educational status of the area turns to better.
| Participation of Eghtesad Novin Bank (EN Bank) Family in Blood Donation Campaign
|22 July 2018 |
With Blood Donation Week approaching, Mobile Blood Transfusion Base was settled in the central premise of this bank and the staff members of the central departments and branches in Tehran responded positively to the humanitarian issue of blood donation as past years and for institutionalizing the blood donation culture, and in line with the motto saying "Let's share healthy life by donating blood" they donated blood.
On the margins of this program, the Managing Director of Eghtesad Novin Bank (EN Bank) pointed out that donating blood to fellow human beings was one of the social obligations of the bank. He added that blood is always needed in societies and for this reason, this program would be implemented in Eghtesad Novin Bank (EN Bank) and by so doing, the way is paved for conscious, responsible, and voluntary donation of blood by the bank staff.
| In the light of considerable growth of profitability, annual ordinary general meetings of Novin Group companies were held successfully
|3 July 2018 |
In parallel with the promotion of financial transparency and observation of the rules and regulations of the monetary and financial supervising institutions and other laws of the country, the operations of 15 companies of Novin Group in financial year 1396 (the year commencing on 21 March 2017 and ended on 20 March 2018) were scrutinized in general meetings in which all shareholders were present. In these meetings, resolutions were passed in respect of the agendas.
Novin Group companies have been established with the aim of completing the chain of services and rendering comprehensive monetary and financial services such as capital market, insurance, electronic payment, leasing, consultation, credit rating, money changing, and so forth. These services and products along with the services and products of Eghtesad Novin Bank (EN Bank) are answerable for all banking and financial needs of the customers.
| Thanks to endeavours of Novin Tak Accelerator, seven start-up teams introduced their businesses to investors at the end of acceleration period
|1 July 2018 |
seven start-up teams introduced their businesses to investors at the end of Novin Tak acceleration period. The founder of the bank and the chairman of the board of directors, Managing Director and deputy managing director of Eghtesad Novin Bank (EN Bank) were present in the ceremonies for introducing the businesses. The chairman and members of the board of directors and the Managing Director of Pardakht Novin Arian Company too were present. Seven start-up teams that had been settled and have been active in Novin Tak Accelerator since one year ago were introduced to investors.
In the ceremony of presenting first-cycle start ups, Mohammadreza Ghobadi, the Managing Director of Novin Tak Accelerator, explained that at the beginning, Novin Tak evaluated more than one thousand ideas and teams and after several stages, seven teams were accepted to the Accelerator. "They have passed multiple challenges and have reached presentation-to-investors stage.
Novin Tak Accelerator Company is a subsidiary company of Pardakht Novin Arian Company and member of Eghtesad Novin Group which deals with development of start-ups in following four fields: E-Trade, Financial Technology, Objects Internet, and game making. Through making available joint working space, primary capital, a network of business consultants, entrepreneurs and investors and by organizing training workshops and events related to entrepreneurship, Novin Tak supports start-up teams up to the stage of attracting capital and entering into market.
| Opportunity for Smart Investment; Opening Foreign-Currency Investment Account in Eghtesad Novin Bank (EN Bank)
|24 June 2018 |
Foreign-currency term investment accounts may be opened with all branches of Eghtesad Novin Bank (EN Bank) in euro and US dollar whose sources are Europe and transferred by foreign currency transfer. These accounts can be for six months or one year.
Among the advantages of term investment accounts are paying annual interest in foreign currency, possibility of closing the account before maturity date with correspondence interest rate and re-payment of the principal amount and interest of the investment deposits opened with banknote origin in banknotes.
| The Managing Director of Eghtesad Novin Bank (EN Bank): The policy of writing single supervision prescription for all banks shall be revised
|23 June 2018 |
In "The Panel for Reconstructing the Banking System: Advances and Challenges" of the 28th Annual Conference of Monetary and Foreign Currency Policies Related to Structural Reforms for Financial Stability, Alireza Bolgouri said: "The principal problems of the banking system revolves around three topics which are structural problems, the issue of assets, and the issue of liquidity. These problems shall be dissolved in three stages, i.e. diagnosis stage, treatment stage, and prevention.
Bolgouri added that the first step for correcting the banking system is diagnosing the problems and difficulties of the banks. Without proper diagnosis of problems, they may not be solved. In fact, without diagnosis, it is impossible to dissolve the problems.
Emphasizing on the necessity of coordination in relevant competent institutions, he pointed out that lack of coordination has faced the banks with serious challenges that can be overcome only by integrated systems.
| Bolgouri: "Profitability", "efficiency", and "New Order" are the principal aims of Eghtesad Novin Bank (EN Bank) in current year
|12 May 2018 |
In national assembly of Eghtesad Novin authorities in which members of the board of directors, deputy directors, managers and heads of departments, heads of the regional organizations and branches, as well as the managing directors of the bank-affiliated companies were present, Alireza Bolgouri explained the economic conditions that govern banking networks of the country from the viewpoint of upstream legal documents, international economic predictions, and key statistics of monetary sector released by the Central Bank of Islamic Republic of Iran. He depicted a comprehensive picture of causative relation, roots, and operating consequences of present situation of the banks.
He expressed opinion that for achieving the aims set for the bank, the paradigm that governs the bank shall change. Further, he enumerated self-confidence, value creation, assuming responsibility, and outcome centrism among the principles and values that deserve more emphatic attention because intensification of these features will make possible reconstruction of the competitive advantage of the bank, conversion of threats to opportunities, alteration of interactions with customers, business development, creation of positive cash flow in the branches, and creating agility in processes.
In this assembly, Engineer Mohammad Sadr Hasheminejad delivered a speech in which he emphasized on assuming responsibility by organizations as a strategy for overcoming present economic situation. He said that the banks are among the organizations that pave way for transmitting financial discipline to other sectors by strict observation of such discipline. In such a condition, feeling of security and confidence will be strengthened and the society will achieve mental security.
Siamak Dolati, Ph.D. , the chairman of the board of directors of the bank, also delivered a speech. In his speech, Siamak Dolati expressed hope that the bank's law-abiding operations and endeavours can prove effective for the country's economy. He labelled the human force of the bank "the most important asset of the bank" and said: "Fortunately, the main part of the bank's human force is young, experienced, and having degrees and fulfil their duties in the best ways. Proper using and directing the potentials of this force will pave the development route of the bank and will facilitate achievement of the aims and plans of the bank.
| Twenty-Eight Mehr Novin School is Going to Be Constructed in Siah Bid Village of Kermanshah
|Twenty-Eight Mehr Novin School is going to be constructed in Siah Bid Village of Kermanshah. In occasion of Teachers Day, the groundbreaking ceremonies of construction 28th school of Eghtesad Novin Bank was held in Siah Bid Sofla Village in Kermanshah Province. |
Engineer Karami, director-general of Kermanshah Province Education was present in the ceremonies of starting the construction project of Eghtesad Novin School in Siah Bid Sofla Village in Kermanshah Province and thanked Eghtesad Novin Bank for its Godly act. He emphasized on importance of using modern tools of education in schools. He pointed out that the Eghtesad Novin School will solve part of the teachers and students problems.
| The Ceremony of Starting a Construction Eghtesad Novin School in Chahmary Village of Kahnouj was held
|In the groundbreaking ceremony of Eghtesad Novin School in Chahmary Village of Kahnouj, special ceremonial pickaxe was used in presence of the head of Bank Eghtesad Novin in Dist.6 Provinces, principal of National Schools Renovation Organization, head of Kerman Province Schools Renovation Organization, governor of Kahnouj, and Friday prayers leader of Chahmary Village. The school which locates in Chahmary Village of the city of Kahnouj develops opportunity for children and juveniles of that area.|
| In Occasion of Natural Resources Week, the ceremony in the honour of tree planting procedure was held in presence of the managing director of the bank
|Tree planting ceremony was held in Fadak Park with collaboration of Eghtesad Novin Bank, Municipality of Dist.2 of Tehran, Directorate General of Tehran Province Environmental Protection, Green Civilization Association, Environment Supporting Artists Association, Environment Management Centre, and Sustainable Development Organization of the Municipality of Tehran.|
Alireza Balgouri (the managing director of Eghtesad Novin Bank), Rasoul Keshtpour (the mayor of Dist. 2 of Tehran), Dr. Alipour (the Principal of Environment Management Centre and Sustainable Development Organization of the Municipality of Tehran), and a host of responsible authorities, artists, and neighbourhood personalities were present in the tree planting ceremony. In a speech delivered by Alireza Balgouri, he pointed out that Eghtesdad Novin Bank is an environmental-friendly and environment oriented organization. He added that fortunately, Eghtesdad Novin Bank has carried out considerable measures in line with its responsibilities in environment protection field and has always been perfect example worthy to be followed. He emphasized that they had assumed saving and lesser-paper-using strategy toward protection of environment and they were going to save paper consumption through using modern technologies in office work.
In continuation of ceremonies, saplings were planted in presence of top managers of Eghtesdad Novin Bank, Dist. 2 of Tehran Municipality managers, and men of mass media.
| Awarding National Golden Statuette for Observing Consumers' Rights to Modern Insurance Company
|In 17th Observing Consumers' Rights National Conference, Modern Insurance Company succeeded to be awarded Consumers' Rights Golden Statuette.|
As a result of the appraisals made by specialty and technology committees of the Consumers and Producers Protection Organization, Modern Insurance Company was realized to be qualified for being awarded Golden Statuette National Prize. In the prize-giving ceremony, the statuette was presented by the Minister of Industry, Mine, and Trade to Aram Rashidi, the deputy managing director of Modern Insurance Company in Support and Economic Affairs.
| Eghtesad Novin Leasing Company Achieved First Rank in Efficiency Index
|In 20th Ranking System and Introducing 500 Superior Companies in Total Factor Productivity, Eghtesad Novin Leasing Company stood first among Financial Dealers Group. |
In annual congress for introducing country's big companies that was conducted by Industrial Management Organization in IRIB International Conference Centre, Eghtesad Novin Leasing Company surpassed its rivals in Financial Dealers Group in Total Factor Productivity (TFP) and stood first among them.
Total Factor Productivity is calculated by finding the ratio of value added to entire inputs (labour, capital, . . .).
| Introducing 9 New Services and Products of Pardakht Novin Company in Electronic Banking and Payment Systems Congress
|During The Seventh E-Banking and Payment Systems Annual Congress and attendance of Pardakht Novin Company in the Congress, the founder and managing director of Eghtesad Novin Bank attended in the congress and visited the Company's stall. |
The Seventh E-Banking and Payment Systems Annual Congress was held on 11th and 12th February in the Hall of Conferences of Milad Tower and the Minister of Telecommunication, Governor of the Central Bank, some high-ranking banking managers, and the authorities and activists of banking field were present in it.
Simultaneous with The Seventh E-Banking and Payment Systems Annual Congress, the Presentation Workshop of Pardakht Novin's Products was organized under title of "Modern Services". At present, Pardakht Novin Company presents four goods purchase services, that is, Point of Sale (POS), charge purchase, balance declaration, and paying bills. In addition to these four services, the system has made preliminaries for rendering another service in sales terminals.
| New Version of Mobile Bank IOS Operating System of Eghtesad Novin Bank was introduced.
|For facilitating service rendering to the customers of Eghtesad Novin Bank, the new system of Mobile Bank IOS Operating System of the bank was introduced. |
Therefore, the users of IOS Operating System may receive the most recent version of Mobile Bank matching with said software piece. Link for receiving Mobile Bank Version of the bank, IOS Operating System, is as follows: https://new.sibapp.com/applications/enbank
| Simultaneous with beginning of New Year in Gregorian calendar, called in Iran as Christian Year, the Managing Director of Eghtesad Novin Bank met Christian colleagues of the bank
| On the occasion of the Nativity, the birth of Jesus Christ, the prophet of peace land friendship, and beginning of new Christian Year, the managing director of Eghtesad Novin Bank met and conversed with his Christian colleagues. In this meeting the managing director congratulated the birth of Jesus Christ, to whom be salutation, and beginning of year 2018 and expressed hope for New Year being a year full of success and well-being for dear Christian fellow countrymen. |
| With the participation and support of EN Bank, the two-volume book entitled “The cool Oven" was unveiled
|The evening of Thursday, December 14, 2017, in a ceremony held in the presence of the founder of EN Bank, the representative of the United Nations Office in the Islamic Republic of Iran, the director of the Department of Anthropology of the Faculty of Social Sciences of Tehran University and a group of university educators and artists of the two-volume book entitled “The cool Oven- Near and Far" was unveiled Contemporary Arts Museum in Tehran.|
the two-volume book entitled “The cool Oven- Near and Far" includes photographs by Morteza Poursamadi, the famous Iranian photographer and filming director, which has been published and co-sponsored by EN Bank and Negar Publishing House.
Mohammad Sadr Hasheminihad, the founder of EN Bank, described this two-volume collection as a narrative of the depth of human life and said: "This work emphasizes the importance of documenting and preserving current Iranian culture, civilization and rituals". The founder of EN Bank appreciated 40 years of work and effort by Morteza Poursamadi for documenting this historic enterprise. He added: Each picture represents a profound theme of the life of the people who lived with great difficulty, the hardships that should not be forgotten.
Gray Lewis, representative of the United Nations Office in the Islamic Republic of Iran, thanked the EN Bank for its full support of the project of publishing the book collection and appreciating the work of Morteza Poursamadi in creating lasting images of the nomads' life. He explained: The images of this book represent the life and birth and death of the people who live in the most difficult conditions possible, and addressing this issue reflects the importance of preserving the history and culture of the great Iranian nation for the next generations.
Morteza Poursamadi, the author of the collection, explained a small portion of nomads’ life in recent years and referred to the expansion of urbanization and its destructive effects on the structure and culture of the nomadic life and said: "Usually, images of tribal life in the minds of common people are beautiful and brilliant images on postcards, while the reality of the tribal life is very different.
It is worth noting that the collection is published in 500 black and white pages and includes authentic, pure, and ethnographic images of the life of the nomads of Iran. These have been selected among 4 thousand images that are the result of more than 40 years of efforts of Morteza Poursamadi, the famous Iranian photographer and filming director.
Morteza Poursamadi, was born in 1952 in Hamedan and graduated from the Television and Cinema High School. In his occupational records are traveling and filming documentaries from an anthropological point of view and recognition of Iranian tribes and nomads in more than 500,000 kilometers, holding exhibitions on ethnographic issues and discovering Iranian nomads in Sweden (1999 and 2002), Paris, France (2004, main headquarters of UNESCO), Vancouver, Canada (2007), etc.
| During the ceremony, Alireza Belgouri was introduced as the Managing Director of EN Bank
|Based on the decision of the board of directors that was approved by the Central Bank of the Islamic Republic of Iran, Alireza Belgouri was introduced as the new managing director of EN Bank.|
At the ceremony of introducing the new managing director of the bank held in the presence of members of the board of directors and managers of EN Bank, Mohammad Sadr Hasheminihad, the founder of the bank, referred to the introduction of the new managing director of EN Bank and said: Today, after 16 years of activity, EN Bank as the herald of private banking system in Iran is the symbol of the health in banking system that has had no problematic issues so far.
Alireza Belgouri the managing director of EN Bank, explained the bank plans for the future and said: "Consensus and empathy, increasing market share, transparency of banking operations based on sustainable profitability will be the most important plans of EN Bank in the short term.
It should be noted that Alireza Belgouri is a M. A. graduate of accounting course from Allameh Tabatabaei University and has previously had several executive responsibilities at highest levels of banking system, including the director of Maskan Bank, the head of the Risk Committee, chairman of Resource Committee And Expenses Committee and Internal Audit Committee of Maskan Bank, deputy chairman and director Maskan Financial Group Company, director of Kharazmi Investment Company, chairman of the board of directors of Maskan Investment Company, director of Paidar Iranian Company, director of Suspended Claims Organizing Company, director of Support Services Company of EN Bank.
| With the attendance of the majority of shareholders, the financial statements of 2016 of EN Bank were approved by the assembly
|The second extraordinary general assembly of EN Bank was held to review the performance of the fiscal year ending in March 20, 2016 with the attendance of more than 84% of shareholders and the related financial statements were approved.|
Referring to the continued growth of some performance indicators of the bank in the past year, it was emphasized in the report of board of directors that in spite of observing the ceiling of interest rate paid to clients’ deposits by EN Bank last year, deposits of this bank increased by 7 percent, which reflects clients’ trust in the bank. With regard to granting facilities, EN Bank, in compliance with the principles and directives related to this field, financed various manufacturing and industrial sectors in the previous year.
In addition, EN Bank had significant achievement in the international arena in 2016, among which are continued membership in the board of directors of Asian Bankers Association for the fourth consecutive year, becoming vice-chairman of the board of directors of the Association for the first time in the history of Iranian banking, acquiring the second rank of transaction with the central bank among Iranian banks, both private and public, in terms of volume of transactions and currency purchases, and an 16% increase of foreign exchange commission earnings.
In the past year, non-consolidated revenues of EN Bank had a favorable growth. In this regard, the share of this income group increased by 92% in 2016 compared to 2015, indicating the bank's good performance in this area.
| To provide desirable services to EN Bank clients, two foreign finance contracts were signed with Austrian Uberbank and the Bank of Denmark
|To provide desirable services to EN Bank clients, two foreign finance contracts were signed with Austrian Uberbank and the Bank of Denmark amounting 1 billion and 500 million euros, respectively. Based on these contracts, EN Bank will finance long and mid-term projects.|
EN Bank, along with the Banking Network, signed two foreign financing contracts (Financing) with Austrian banks and Danske Bank of Denmark worth EUR 1 billion and EUR 500 million respectively, on the basis of which the Bank of Econ. It will finance mid-term and long-term projects.
The Ministry of Economic Affairs and Finance and the Central Bank of the Islamic Republic of Iran have guaranteed the fulfilment of these two contracts. These contracts were signed in the presence of Seyyed Ahmad Iraqchi, foreign exchange deputy of the Central Bank, Mohammad Khazaei, the general director of Investment and Economic and Technical Assistance Organization, Ebadullah Movlaee, the ambassador of the Islamic Republic of Iran in Austria, and managing directors and members of the board of directors of the Iranian banks.
It should be noted that 14 billion euros of 14 Iranian banks, including EN Bank, with Uberbank of Austria is the first finance contract of Iranian banks with European banks after JCPOA. According to the report, another € 500 million contract was concluded between 10 Iranian banks, including EN Bank, with the Bank of Denmark. The bank is active in 16 countries and in addition to banking services, constructs personal dwellings for personal, commercial and institutional clients in the field of insurance and housing.
| The founder of EN Bank: We support the activities of Novin Tech for the development of startups
|Simultaneous with Ghadir Khom Feast and in order to supplement the services of the Modern Payment Arian Company, the Novin Tech company was officially started.|
At the ceremony held in the presence of the founder of EN Bank and members of the board of directors, the managing director and staff of the Modern Payment Company and the head of the faculty of economics at Allameh Tabataba'i University, Mohammad Sadr Hasheminihad, the founder of EN Bank, in a speech referred to the need to pay attention to new businesses and said: The activities and plans of Modern Payment Company will be supported by the bank in line with supporting startup development.
The chairman of Modern Payment Company referred to the attention to startups as the necessity of the present era and said the Modern Payment Company established Novin Tech Company. He added: This company is officially opened today and we hope that with the efforts and tact of the managers of this company we witness the growth and development of startups in it.
| Chairman of the Directing Board of EN Bank: The Cooperation Contract with Exim Bank of South Korea facilitates relations with the world prestigious banks
|Chairman of the Directing Board of EN Bank said that conclusion 8 billion Euros Cooperation Contract with Exim Bank of South Korea facilitates development of foreign relations of Iranian banking system with the world prestigious banks.|
Siamak Dovlati spoke on the effects of the contract, saying that the contract is the largest banking system contract after JCPOA that helps the development of economic relations between the two countries on the basis of common interests and also reflects the preparedness of the Iranian banking system to interact with prestigious banks of the world and facilitates financial agreements with other banks.
Referring to details of the conclusion of interbank network cooperation with Exim Bank of South Korea, he said: According to the contract, mid-term and long-term finance for construction, manufacturing, medical, hospital and transportation sectors by 12 Iranian banks as agent bank and contracting bank will be investigated.
| "Modern Payment" supports the development of startup businesses
|The Modern Payment Company, as one of the oldest companies in this field, has introduced new products and services through careful studying and planning, some of which were introduced in ELECAMP Exhibition. Among these products and services, we can mention the Mobile Pose (MPos), Novin Tel, The Fifth Service, Novin Tech and the Sadrvin Bold Fund and the Modern Accelerator that were introduced in this exhibition and were welcomed by experts of this field and the visitors of the exhibition. Moreover, the company attended the specialist halls of startups and thus provided the ground for the development and expansion of business environment for those working in the field.|
More than 800 companies from Iran and 20 foreign countries exhibited their services and products in a space measuring 35,000 square meters at the 23rd ELECAMP International Exhibition. The Modern Payment Company had segregated specialized pavilions in order for specialized introduction of services, so that the company had two pavilions in this exhibition, both of which were welcomed by the visitors.
| Simultaneous with blood donation day, employees of EN Bank donated their blood
|In July 31 (blood donation day), necessary arrangements were made for the establishment of a mobile blood transfusion center in central building of the bank. The employees of the bank, like the previous years, participated in this good deed with the slogan "share life with blood donation".|
| With the start of the construction of three new schools, the number of schools of EN Bank in deprived areas reached 25
|Simultaneously with Shaban month feasts and in line with social responsibilities in education field, the construction of three new schools of EN Bank was started. With the start of the construction of these schools, the number of econometricschools has reached 25, of which 13 are under construction and 12 schools are now providing services to the children of this land.|
EN Bank schools will be constructed in Norouzabad and Sarrud villages in Javanrood County, Kermanshah, and Rashvanlu village of Shirvan, North Khorasan Province. The projects were initiated at separate ceremonies in the presence of a team of officials of EN Bank and senior officials of the cities of Javanrood and Shirvan, the managers Schools Renovation and Equipping Organization, representatives of the School-Constructors Charitable Association, and a large number of students and residents of these villages.
| Thanks to Eghtesad Novin Bank and World Air Day, the bank of Jajrood River was cleaned
|In order to fulfil social responsibilities and with the assistance of Eghtesad Novin Bank, the trash on Jajrood River bank at Khojir National Park was cleared in the presence of the Head of the Environmental Protection Organization, Vice-President for Women and Family Affairs, and managers and employees of the Eghtesad Novin Bank on the threshold of April 22 marking the World Air Day.|
In this ceremony, Dr. Ebtekar, referring to the excellent cooperation of Eghtesad Novin Bank in promoting environmental protection indicators in various fields, pointed to the role of economic enterprises in this regard, and said: The role of economic enterprises is pivotal and decisive in promoting and improving the status of the environment
It is worth mentioning that during the years of its activities in the field of social responsibility and environmental protection, EN Bank has made significant efforts, including planting seedlings, creating gardens and setting up eco-friendly branches as green branches.
| IN HIS EXALTED NAME, EN Bank's CEO Was Selected as Deputy Chairman of the Board of Directors of Asian Bankers Association
|15 November 2016|
According to EN Bank’s Public Relations the Bank was selected as a Board Member of the Asian Bankers Association for the 4th consecutive term . Moreover, Ali Asghar Safari , CEO of the Bank, was appointed, by the Board of said association, as Deputy Chairman of the Board for a two year term.
The Bank succeeded to keep its position in the Board for the 4th term running, pursuant to the General Assembly of said association, attended by distinguished bankers from major countries, banking lawmakers and university professors, despite fierce competition from top Asian banks.
EN Bank in its previous 3 terms on the Board of the Asian Bankers Association , and also by active participation in the General Assembly of said association has had a decisive role and has made effective contributions , by competing with y the banks of major countries .These contributions and effective and active participations has led to appointment of EN Bank’s CEO as Deputy Chairman of the Board of this prestigious association.
Asian Bankers Association is the largest such association in Asia and Oceania, with membership of reputable banks, enabling and facilitating the smooth relations among respective governments by their positive interactions.
Finally it is worth noting that EN Bank’s presence in this association has led to the awareness of the members of this association regarding the state of banking in the Islamic Republic of Iran, which in turn has paved the way for the presence of other Iranian banks in said association.
| Ali Asghar Safari Was Appointed as CEO of EN Bank
|24 October 2016|
Ali Asghar Safari was appointed as CEO of EN Bank, at suggestion of the Board of Directors and upon approval of Bank Markazi Jomhouri Islami Iran. According to the report of the Public Relations, the Board of Directors of E N Bank, in their meeting, proposed the appointment of Safari as the CEO of the Bank, while thanking Hassan Motamedi the outgoing CEO for his services. This proposal was approved by the respective competent authorities.
It is worth noting that Ali Asghar Safari is a distinguished and experienced manager in the banking system, having served the banking network of the country for over 35 years. Before this appointment he was the CEO of Tourism bank. His other previous positions in the banking network include: Board Member of Bank Tejarat, Deputy CEO of Bank Karafarin, Credits Director of Iran and Holland Trade Bank, as well as board member of over ten economic and industrial companies in the country.
The Board of Directors in the same meeting expressed their appreciation for services rendered by Hassan Motamdi, the outgoing CEO of the Bank, who will continue to serve the Bank in his capacity as member of the Strategic Council.
| Awarding of Golden Statue of Superior Banking Service to EN Bank's Bankashena
|1 October 2016|
ENBank received the Golden Statue of Superior Banking Service for its Bankashena service in the first National Festival on Innovation and Iranian Superior Products.
This festival, in addition to promoting modern local products and services, facilitates export development as well as obtaining hard currency revenues for suppliers of local products and services. A key issue underlined in this festival was development of customer oriented services by promoting innovations in customer oriented products.
This festival by focusing on appraisal and monitoring of innovation processes for selected products facilitated identifying of key points for improvement with a view to development and enhancement of products innovation processes in the framework of a comprehensive report submitted to selected companies.
Bankashena services are at the disposal of customers by phone. Bankashena System allows the customers to ask for their required services by phone, and to obtain them instantly. Primary goal of such services is offering services to customers without the need for their physical presence.
| Inauguration of "Pen- Peace-Action" Fair Sponsored by EN Bank
|11 September 2016|
On the occasion of the Global Peace Day, the "Pen-Peace-Action" Fair was inaugurated in the Islamic Republic of Iran, by United Nations with sponsorship of EN Bank and collaboration of Shirin Galley . In this ceremony, Serj Nakuzi Deputy Coordinator stationed in the Islamic Republic of Iran expressed his delight in such inauguration and emphasised the importance of promotion of peace and added:
World community today , more than ever, is in need of peace and friendship.
In this ceremony held in Shirin Gallery which was met with public enthusiasm, Dr. Hossein Elahi Ghomshei, Reza Kianian, Saber Abar and some art celebrities were present.
| Awarding of Three Local and International Superior Commendations to EN Leasing Company by ITEC's Gathering
|3 September 2016|
EN Leasing Company was awarded three local and International Superior Commendations in the 7th gathering of ITEC, comprised of top management of distinguished large manufacturing and service companies of the country. Dignitaries attending this gathering included Minister of Industry, Mine and Trade, Majlis deputies and top managements of companies engaged in economic activities.
Awards given to the CEO of EN Leasing Company included:
-Germany's Standard Statue and International Award for offering Superior Leasing services for welfare of customers ( SQC-BESTLEASING),
-Superior National Commendation for adopting customers rights standards in financial brokerage services( Leasing), and
-Superior National Commendation for offering high quality management services in leasing industry.
EN Leasing, in line with goals and policies of EN Bank in the fields of products diversification, customer satisfaction, promotion of social responsibility, designing green leasing for the first time in the country and active participation in renovation and refurbishment of roads and passengers transportation fleet has been commended by local and international institutes such as Energy Global Federation, European Association for Green Management(EAGM), ICS Group(sponsored by EU), Environment Organisation, Iran Management Society, Management Faculty of Tehran University, National Productivity Organisation, Iran Experts Society, Iran Quality Management Society, Human Resources Rehabilitation Institute, Iran Greem Management Society, Iran National Financial Management Society, Administrative Sound Management Gathering, Transportation Road and Urban Construction and Quality Development Gathering, and has received respective certificates.
| Beginning of Construction Work on EN Bank School in Ghoroogh, Talesh
|29 August 2016|
In line with social commitment, new EN Bank school in Ghoroogh, Talesh, Gilan Province started with a special ceremony. In recent years EN Bank has built numerous schools in less privileged areas in Northern Khorasan, Semnan, Khuzestan, East Azerbaijan, Ilam, Sistan and Baluchistan, South Khorasan, Kurdistan, Bushehr and Ardebil, and , in addition to building a school in Gilan, intends to build few new schools in other provinces.
The new school is located in Ghoroogh, Talesh, Gilan Province, which will afford children and youngsters an education opportunity.
| Beginning of Construction Work on EN Bank School in Moraveh Tappeh on the 15th Anniversary of Establishment of the Bank
|15 August 2016|
Construction work on the latest EN Bank school in Tappeh Moraveh, North Khorasan started on the 15th anniversary of establishment of the Bank, as the first private bank in the Islamic Republic of Iran.
EN Bank, in line with its social commitment has built numerous schools in less privileged areas in the country, which signifies due attention of its top management to social responsibility, together with playing an effective role in the country's money market.
In recent years EN Bank has built numerous schools in less privileged areas in North Khorasan, Semnan, Khuzestan, East Azerbaijan, Ilam, Sistan and Baluchistan, South Khorasan, Kurdistan, Bushehr and Ardebil, and , in addition, intends to build few new schools in other provinces.
The new school in Moraveh, Golestan Province has day classes, as well as night classes which will afford children and youngsters in this area an education opportunity.
| EN Bank Leads the Second Wave of Banking by Offering Comprehensive Banking Services in Select EN Bank Branches
|13 August 2016|
EN Bank, concurrently with its 15th anniversary of its establishment started offering comprehensive banking services in its select branches.
EN Bank in addition to services in retail banking, corporate banking and private banking, offers an array of capital market services, and insurance in such select branches. Such services will soon be offered in all EN Bank branches upon completion of this trial phase.
It is apparent that offering conventional banking services such as account opening, deposits and withdrawals, granting of facilities is no longer enough tor banking customers, and thus the second wave of banking services is coming soon, as customers need to receive a collection of banking and financial services in one bank.
In the first phase, 7 branches in Tehran and 8 branches in provinces will offer new comprehensive banking services. It is expected that with the efforts of our trained staff, such services will be offered in all our branches in the near future.
| EN Bank Receives Top Quality Statue in the Nationwide Gathering on Quality
|7 August 2016|
EN Bank received the Top Quality Statue in the second National Gathering on Quality with the theme:
Role of Superior Quality in Customer Satisfaction.
The second National Gathering on Quality with the theme:
Role of Superior Quality in Customer Satisfaction,
with me aim of enhancement of the quality of products and services with a view to attaining economic prosperity, offering modern approaches to satisfy the customers needs, revising the outlook on production process, .....was held with cooperation of Iranian Society of Standard Holders, Ministries of Industry, Mine and Trade, Communication and Information Technology, Management and Planning Organisation and National Standard Organisation. Participants were university professors, top managers, experts and representatives from various organisations, companies and government and non- government societies.
| Ordinary Annual General Assembly of EN Bank with Participation of over 94% of Shareholders
|26 July 2016|
Ordinary Annual General Assembly of EN Bank was held with participation of over 94% of shareholders and the financial statements for year ended 19 March 2016 were approved. The CEO in his address to the shareholders said that in the year 1394(Iranian calendar) the country enjoyed relatively stable economic conditions and witnessed declining rate of inflation together with financial discipline in public sector and stability in parallel markets. He also pointed out that the most important monetary policies affecting the banking industry were adjusting the rates of interest on deposits and facilities to take into account the rate of inflation and the decline in legal reserve requirements and added: in the past year EN Bank, in compliance with the prevailing rules decreased the rates of interest on deposits and facilities. Although this reduced the bank's cost of funds, unfair competitions imposed certain risks on the bank, which were mitigated with optimum management of resources and application.
The CEO added regarding development activities undertaken in the bank's international operations: offering of exchange services to other banks, government owned and otherwise, by issuing letters of credit and other services, exchange allocations with BCP and Heritage pursuant to Geneva Agreement and opening accounts with new correspondent banks were a few activities in this area. He also added: EN Bank has fortified its security infrastructures by commissioning its Paris Data Protection Centre and has thus taken a big leap in attaining international standards in this field.
The CEO went on to explain the continued success of the bank in obtaining the Prestige Commendation and Statue in Information Technology in the Information Technology Stars Festival, Golden Statue of Innovation in E-banking Services from European Union and the Award of the Superior Research in Banking on the occasion of commemoration of the Research and Technology by Monetary and Banking Institute, Special Award of Superior Quality in Corporate Banking from ICS Group, Dr. Nourbakhsh Special Award of for offering infrastructure open banking services by EGhtesad Novin Khadamat Rayan, Statue and Commendation of the Festival of National Productivity by EN Leasing Company, Award for Highest Capital Mobilisation Services by Novin Capital Mobilisation Company by Securities Exchange Organisation by the Gathering on Economic Entities Social Commitment on the occasion of the Ninth International Fair on Securities Exchange, Insurance and Banks.
| Attainment of Top Spot by Novin Capital Mobilisation Company as Selected by Securities Exchange Organisation
|16 July 2016|
Novin Capital Mobilisation Company was chosen as the most active capital mobilisation company in 1394 ( Iranian Calendar) by Securities Exchange Organisation.
This was attained by said company in the Festival of Commendation of the Superior Players in the Capital Market, carried out on the occasion of the Ninth Fair on Securities Exchange, Bank and Insurance, FINEX 2016. Selection of Novin Capital Mobilisation Company by Securities Exchange Organisation was based on said company's main activities including financing, underwriting, wealth management and financial restructuring.
In addition, Novin Pishro Investment Fund, managed by Novin Capital Mobilisation was chosen as the most active mutual fund in the country.
| Commendation of EN Bank by Gathering on Economic Entities Social Commitment
|12 June 2016|
EN Bank's activities in "Urban Environment" was recognised in Gathering on Economic Entities Social Commitment .
The Bank received commendations by virtue of its memoranda of agreement with Environment Protection General Directorate of Tehran Province regarding joint measures on protection of environment and planting of over 7000 trees in Pardisan Park and construction of Pardis Novin and inauguration and operation of the first green bank branch in the country with collaboration of said General Directorate.
EN Bank has undertaken key measures in fulfilling its social responsibility in the area of protection of environment which include development of E-banking , construction of supporting site, creation of the green branch, introduction of Bankashena services, special attention to training of staff and customers, promotion of coexistence with nature, compliance with environmental standards in credit ranking for granting of credit facilities, readiness for financing of environment protection projects, collaboration in waste management, collaborations on joint promotional and cultural projects and collaborations on supportive projects for environment protection players including distinguished environment protection guards.
| EN Bank Awarded the Superior Quality for Corporate Banking in European Union
|17 February 2016|
Concurrent with the joint session on quality development of Buildings, Transportation, Roads and Urban Development, the ISO Certificate and International Award for Superior Quality in S-Corporate Banking was granted to EN Bank's Corporate Banking by European Union.
ENBank's Public Relations reported that Seyed Hossein Vahabi, Director, Marketing and Corporate Banking Offices Affairs, receiving the ISO Certificate and the Award on behalf of EN Bank, congratulated the customers and the diligent and experienced staff of the bank, pointing out the bank's commitment for improvement of the quality of service afforded the corporate banking customers and added:
This Certificate and the the performance portfolio is a direct outcome of our concentration on the needs of our customers.
He also expressed his hope that in the post sanctions era the bank would create more value added for its valued customers in the light of higher economic development.
It is worth noting that ENBank, the first private bank in the country, was also the first bank to introduce corporate baking in Iran's banking system five years ago. EN Bank is ready to utilize its capabilities and those of its Group to provide novel financial and banking services to local and international companies by its experienced account managers.
| Construction Works Start on the 11th Primary School by EN Bank in the City of Zirkooh in South Khorasan
|1 February 2016|
Pursuant to the fulfilment of social obligations, the 11th primary school will be built by EN Bank in the city of Zirkooh at South Khorasan. Zirkooh has a 150 km border with Afghanistan, and the vast area of this region means a boarding school is absolutely essential here. Director General of People's Participation in Renovation, Mobilisation and Development of Schools, while pointing out the economic organisations’ attention to building schools in the less privileged areas of the country, added: EN Bank plays a crucial role in building schools in the less privileged areas, which necessitates commendations of the management of the bank in this respect.
EN Bank School in South Khorasan, with 460 square meters of space, to be commissioned next year, is dedicated to children with special educational needs.
| The first Green Branch of the banking system was inaugurated by EN Bank
|28 January 2016|
The Green Branch of EN Bank with the moto: "Together with Nature" was inaugurated. EN Bank's Green Branch, is a symbol and a model for promoting the culture of protection of environment. In this branch environmental standards, especially those in energy consumption, reduction in the use of paper and management of wastage have been adopted. The personnel of this branch have undergone the necessary trainings, so that, while performing their banking activities, they can promote environmental awareness among the customers.
| Dear Customers
|19 September 2015|
Our website is under temporary update, We apologize for any inconvenience this may cause.
| Inauguration of the EN Bank's Ninth Primary School in Kordovan, Bushehr
|5 October 2015|
The ninth primary school by EN Bank was inaugurated in Kordovan, a village in Bushehr. EN Bank, while undertaking economic activities, is committed to fulfilment of its social responsibilities and has thus far taken effective steps in this respect. Among such activities are: building schools, activities related to protection of environment, supporting and sponsoring charity organisations and promoting and supporting culture, sports and art.
| General Annual Assembly of EN Bank was held
|16 July 2015|
Hassan Motamedi, the CEO, in its report to the shareholders stated: EN Bank , in spite of all fluctuations and changes in the last year, succeeded to fortify its position in the banking system and to continue the increasing trend.
Motamedi, while referring to the operational achievements of the bank during the past year, pointed out the honours acquired during that time. Major such honour were:
- The symbol and the standard international written commendation for guaranteeing the security of electronic and internet banking (BSS) by the European Union;
-Award for Innovation in Electronic Banking Management in the Gathering on Organisational Success Chain; and
- The Statute and Written Commendation for Mobile Money Transfer (MMM) at Dr. Noorbakhsh Festival on the occasion of the 4th Gathering on E-banking and Payment Systems.
After the report of the CEO, the General Assembly approved the financial statements for the year ended 20 March 2015, upon presentation of the report by the Legal Inspector and the Independent Auditor.
It was also resolved that Iranian Rials 220 shall be paid as net dividend per share.
| BANKASHENA Chosen as Eco-Friendly Product by EN Bank
|10 June 2015|
A new product , called BANKASHENA, was launched by EN Bank with a view to increasing the customer satisfaction. This new product is a novel service, designed with customers who don’t have easy access to branches of EN Bank in mind. Among the features of this product is reduction of commuting in the cities for purpose of utilising EN Bank’s services, reduction of usage of physical money, which will certainly have a positive effect on protection of the environment.
| FIDIC’s Annual Gathering I Tehran with Sponsorship of EN Bank
|24 May 2015|
This was the main annual meeting of Federation Internationale des Ingenieurs Conseils, with the sponsorship of EN Bank in Asia and Oceania.
EN Bank, as one of the main agent banks for the construction sector, has always paid special attention to the needs of this sector and has met their requirements with preferential terms and conditions. Among such services was the introduction of Corporate Banking, a first in the Iranian banking system, which created more value added for corporate customers, especially in the construction industry.
It is worth noting that FIDIC, an acronym for the original French title, which would translate to “International Federation of Consulting Engineers” is a history of over 100 years, with present No. of country members at 99. Each year the Annual Meeting is held in a different country. This year Iran hosted the meeting . In the last decade ,China, Hungary, Singapore, Canada, India, England, Switzerland, Spain and Brasil had hosted this gathering, and UEA shall host the meeting next year.
| EN Bank Names Hassan Motamedi New CEO
|23 November 2013|
EN Bank has appointed Hassan Motamedi as the new CEO, effective October 26, 2013.
Mr. Motamedi, an MBA graduate from the US, is one of the country’s most respected banking executives, with a proven track record spanning over 35 years in the industry. His credentials include many years of service at senior management levels with the Central Bank of Iran (CBI), membership of the Board of Directors of Tejarat Bank and more recently as Deputy Managing Director at EN Bank.
| EN Bank Appoints Vice CEO for International Affairs
|28 November 2011|
EN Bank’s CEO, Dr. Mohammad Hashem Botshekan, has appointed Mr. Hossein Sabeti as the bank’s new Vice CEO for International Affairs.
| EN Bank names new CEO
|15 October 2011|
EN Bank announces appointment of Dr.Mohammad Hashem Botshekan as its new chief executive officer. Dr.Botshekan previously served as a member of the board of directors at EN Bank.
| EN Bank electronic banking users jumps 30%
|14 August 2011|
EN Bank's electronic banking services - comprising internet, telephone, mobile and SMS services - are enjoying unprecedented popularity. At the start of August 2011, the total number of users surpassed the 1,450,000 mark - a 30% increase since this time last year.
EN Bank is Iran's first privately-owned bank. In the ten years since its launch, the bank has created an innovative portfolio of award-winning electronic banking services. Together, EN Bank's services aim to make banking quicker and easier for its customers, for example, by reducing the need for branch visits.
| EN Bank internet banking system wins top honors at Iran's 5th e-Banking Conference
|6 August 2011|
EN Bank's new internet banking system has won top prize in Iran's 5th e-Banking Conference.
Launched in April 2011, the enhanced system added a range of new solutions to its core banking services. These include card-to-card funds transfer, interbank funds transfer, monthly loan repayments, and money-management features, such as new checkbook and stop-payment requests.
| EN Bank makes significant progress in international banking
|25 July 2011|
At EN Bank's Annual General Meeting (AGM) on Tuesday 19 July 2011, CEO, Mr. Ahmad Taheri, announced major successes in the bank’s domestic and international banking performance.
Within international banking, Mr. Taheri declared that EN Bank has successfully taken number one spot among Iran's top six privately-owned banks for the financial year 2011 (21 March 2010 to 20 March 2011).
Acknowledging the conditions facing Iranian banks, EN Bank has identified and harnessed opportunities for achieving significant growth in most areas of international banking. These include letters of credit, letters of guarantee, documentary collections and lines of credit.
| EN Bank announces earnings and dividends per share
|19 July 2011|
At EN Bank's Annual General Meeting (AGM) on Tuesday 19 July 2011, the bank’s earnings per share for 2011 were reported as 546 rials per ordinary share and dividend per share as 465 rials.
During the AGM, Mr. Sadr Hashemi, the Chairman of the Board, reported plans for a capital increase of 2 thousand and 500 billion rials by the end of October 2011, bringing the bank’s total paid-in capital to 800 billion rials. Currently, EN Bank's paid-in capital is 5 thousand and 500 billion rials.
| EN Bank holds Annual General Meeting (AGM)
|19 July 2011|
EN Bank held its AGM on Tuesday 19 July 2011, where the bank's shareholders approved the financial statements for the year ended 21 March 2011.
During the meeting:
• the integration of the Eghtesad Novin Industrial Group with EN Bank was approved
• dividend per share for the past year was announced as 465 rials per ordinary share.
• Mr. Sadr Hashemi, Chairman of the Board of Directors, announced a planned capital increase of 2 thousand and 500 billion rials by end of October 2011. This is in line with the objective of reaching a total of 15 billion rials paid-in capital by the end of March 2012, approved during last year’s AGM. Currently, the bank’s paid-in capital is 5 thousand and 500 billion rials.
• representatives from the bank’s major shareholders - Samaneh Stratus Investment Company, Behshahr Group Investment Company, Tehran Renovation and Construction Company, Behshahr Industrial Group Construction Company and Javanan Housing Company - were reinstated as main board members for a further two years. Representatives from Behpakhsh Company and Iran Construction Investment Company were elected as substitute members.
| EN Bank climbs 128 places in global top bank rankings
EN Bank has climbed an astounding 128 places to number 648 in the Top 1000 World Banks rankings, released by 'The Banker' in July 2011.
Top 1000 World Banks is an annually published survey ranking global banks by their Tier 1 capital. The awards are the most widely recognized in the industry, based on indicators such as capital strength, assets, profit and return on assets.
Released by individual country, the ranking also places EN Bank at number 8 among the top-10 Iranian banks.
The Banker is a leading financial monthly, owned by the Financial Times and aimed at banks and financial institutions.
| EN Bank internet banking customers grows 60%
|25 May 2011|
Since May 2010, EN Bank's internet banking service has enjoyed a 60% increase in users. Now, the service is set to gain even more success. In April 2011, the bank launched an enhanced version of its internet banking system, featuring additional security and improved services focused on customer convenience.
Among its many new features, the system now enables online card-to-card funds transfer, interbank funds transfer, monthly loan repayments and easy money-management services, including new checkbook and stop-payment requests.
| The first EN Bank School opens in Bushehr Province
|22 May 2011|
On 14 May 2011, the first EN Bank School opened its doors to local students in the Chah-Talkh village of Bushehr Province.
Built through funds donated by EN Bank, the five-classroom school covers an area of 393 square meters, welcoming local students at the elementary level. "Construction of the first EN Bank School has been carried out as part of the bank's ongoing commitment to our societies and, on this day, we are very happy that the school is open and ready to provide valuable teaching to children in the area," said Ahmad Taheri, EN Bank's CEO, at the opening ceremony.
"As the first privately-owned bank in the country, in addition to being a frontrunner in providing modern banking services, EN Bank also acknowledges its social responsibilities," he continued. "Throughout its history, the bank has been proactively contributing to various social and cultural causes; the latest example being the construction of this school in the Chah-Talkh village.”
Regarding EN Bank’s commitment to building schools in other provinces across the country, Mr. Taheri said, "We aim to continue with our endeavors in setting up schools in rural areas, with construction of the second EN Bank School commencing shortly in the Sistan va Baluchestan Province."
| EN Bank opens 251st branch in the Velenjak area of Tehran
|16 May 2011|
EN Bank has celebrated the 251st addition to its ever-growing network - with the opening of a new branch in the Velenjak area of Tehran.
The branch opening is part of EN Bank's strategy to expand its nationwide network, and continuously improve and extend its electronic banking services. Through this strategy, EN Bank aims to give customers convenient access to services, while freeing them from regular branch visits to manage their daily finances.
| EN Bank launches private banking services
EN Bank’s newly established private banking division provides creative wealth management and investment solutions for high-net worth clients, including individuals, families and business owners.
Individuals: A suite of investment and wealth management solutions and advisory services to help affluent individuals better manage their wealth into the future.
Families: Our family advisory office advises families on all aspects of wealth management, including generational planning.
Business owners: Our experts understand the needs of business owners and entrepreneurs. We offer tailor-made solutions that are perfect for busy executives looking for trusted investment and wealth-planning advice and services.
| EN Bank launches new internet banking system
|10 April 2011|
EN Bank is proud to announce the launch of its new enhanced internet banking system. The system introduces a wealth of additional services to its core banking solutions, including:
• new account applications
• funds transfer
• loan status and repayments
• debit card management
• check management
• foreign currency account management
| EN Bank's 244th branch opens in Khorramabad
|12 March 2011|
EN Bank has celebrated the launch of its 244th branch in Khorramabad, within the province of Lorestan.
Officials from the Lorestan governor’s office and Khorramabad city council were present at the opening ceremony, together with directors from various other banks and financial institutions.
| EN Bank opens its 241st branch in Shiraz
|27 February 2011|
EN Bank is proud to announce the opening of its 241st branch in the Ghasroldasht area of Shiraz, the capital of Fars Province.
Currently, fourteen EN Bank branches operate in the Fars Province. Of these, seven are located in Shiraz, while the remaining seven are situated across the province, in the cities of Jahrom, Kazeroon, Lar, Gerash, Lamerd, Marvdasht and Fasa.
The launch means customers in the area can now visit a branch located conveniently close to them. Additionally, customers can use our electronic banking services on the internet, mobile phone or telephone to check their accounts, transfer funds and pay bills.
| EN Bank wins Gold Plaque for Best e-Banking Services
23 February 2011
EN Bank has been awarded the Gold Plaque for Best Electronic Banking Services at the 2nd Iranian Technology Stars Festival.
Held on 20 February 2011, the festival featured three main categories: 'Information Technology', 'Communications Technology' and 'Science and Technology'. EN Bank competed in the Information Technology category.
Industries participating in the Iranian Technology Stars Festival included computer hardware and software, office equipment, network and security, enterprise content management, IT services and solutions, electronic banking, e-commerce, mobile phones and services, internet services, consumer electronics, audiovisual equipment, computer gaming, and telecommunications.
| EN Bank shoots into the final of the 4th Interbank Futsal Tournament
|20 February 2011|
EN Bank beat teams from 11 privately-owned banks and financial institutions to reach the final of the 4th Interbank Futsal Tournament.
Following each preliminary round, three teams from each group advanced to the second round. EN Bank consecutively beat its five preliminary group rivals - Sina, Tat, Parsian, Saman and Tose’e - to reach the semifinals.
The semifinal saw EN Bank beating City Bank, only to concede in the final round to Pasargad Bank. City and Sarmayeh banks took 3rd and 4th places respectively.
With a total of 8 goals scored, Hojat Delsooz from EN Bank was awarded the tournament’s title of 'Mr. Goal'.
| EN Bank explores opportunities with the President of The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI)
|25 December 2010|
EN Bank's CEO, Mr. Ahmad Taheri, has met with the President of the CACCI, Ambassador Benedicto Yujuico. Both discussed potential business relationships between EN Bank - the first privately-owned bank in the Islamic Republic of Iran - and CACCI.
During the meeting, held at EN Bank's headquarters in Tehran, Mr. Taheri presented the bank’s strategies and objectives in national and international banking. Other executives present were EN Bank's Deputy Managing Director, Hassan Motamedi; senior management in international banking from EN Bank; business and tradesmen from the Philippines and Sri Lanka; and the deputy governor of the Sulu Province of the Philippines. Mr. Mirkarimi, the Deputy Managing Director of Trade Relations at Iran Chamber of Commerce, Industries and Mines (ICCIIM), was also present.
At the close of the meeting, Ambassador Yujuico invited Mr. Taheri and Hassan Motamedi to attend the next CACCI conference as honorary guests. CACCI is the parent organization of the Asian Bankers Association (ABA), to which EN Bank has recently been elected as a board member.
| EN Bank appointed member of the IFSB
The Islamic Financial Services Board (IFSB) has approved EN Bank's membership application as an observer by a majority of votes. The endorsement comes thanks to EN Bank adopting effective strategies, strengthening its international presence, and increasing cooperation with global financial and monetary institutions.
The IFSB is an international standard-setting organization that promotes soundness and stability within the Islamic financial services industry. The organization achieves this by issuing global prudential standards and guiding principles for the industry.
| EN Bank elected to the Board of Directors of the Asian Bankers Association (ABA)
|20 November 2010|
EN Bank is the first Iranian Bank to be elected to the Board of Directors of the ABA. The bank was elected during the ABA's annual general meeting (AGM), held in Taipei, November 2010.
Established in 1981, the ABA is one of the service councils of the Confederation of Asia Pacific Chambers of Commerce and Industry (CACCI) and is considered the biggest alliance of leading banks in the Asia-Pacific. It provides a forum for advancing the region's banking industry and promoting regional economic cooperation.
ABA's membership includes around 100 leading banks from 23 countries in the Asia-Pacific region. Its Board of Directors comprises 25 members, elected for 2-year tenures by the ABA's regular members.
Belonging to the ABA board and interacting closely with other members will help identify opportunities for mutual cooperation. We are confident this appointment will create many benefits for EN Bank and Iran's national banking system.