Sarmayeh Bank

Sarmayeh Bank
Company typePublic
Farabourse: سمایه
ISIN: IRO3IBKZ0001
IndustryFinancial services
Founded2005
HeadquartersTehran, Iran
Key people
Farajollah Ghadami
(CEO)
ProductsRetail banking
Transaction accounts
Insurance
stock brokerage
Investment bank
Asset-based lending
Consumer finance
Trade
International payments
Foreign exchange
Increase 468 Billion IRR (2008)
Total assets 12.04 Trillion IRR (2008)
Websitesbank.ir
Bank Sarmayeh, branch of Nishapur

Sarmayeh Bank is a major Iranian banking establishment offering retail, commercial and investment banking services. The company was established in 2005 as a part of the government's privatization of the banking system.[1]

Sarmayeh Bank is listed in Farabourse. In 2006, Sarmayeh Bank had an initial equity capital of $365.150 million.[2] In 2024, the bank was targeted as part of a cyberattack by IRLeaks on the Iranian banking sector. The cyberattack was described as the "worst attack" in Iranian history by Politico.[3]

  1. ^ http://en.sbank.ir/content/view/56/
  2. ^ "Sarmaye Bank - Home". en.sbank.ir. Archived from the original on 2008-06-12.
  3. ^ "Iran pays millions in ransom to end massive cyberattack on banks, officials say". POLITICO. 2024-09-04. Retrieved 2024-09-09.