EN Bank

Eghtesad Novin Bank
بانک اقتصاد نوین
Bank Eqtesad Iran
Company typePrivate
TSE: NOVN1
ISIN: IRO1NOVN0005
IndustryFinancial services
FoundedTehran, Iran, 2001
HeadquartersTehran, Iran
Key people
Alireza Balgouri
(CEO)
ProductsRetail banking
Transaction accounts
Insurance
stock brokerage
Investment bank
Asset-based lending
Consumer finance
Trade
International payments
Foreign exchange
Number of employees
3,376 (Full-time equivalent, 2020)
Websitehttp://enbank.ir/

EN Bank, also known as Eghtesad Novin Bank (Persian: بانک اقتصاد نوین, Bank Eqtesad Novin, lit. "Modern Economy Bank") is Iran's first private bank[citation needed] established by the Eghtesad Family offering retail, commercial and investment banking services in Iran. The company was established in 2000 as a part of the government's privatization of the banking system.[1]

While established in Tehran, the bank operates throughout the nation with 5,317 employees, 1,200 ATMs and 310 branches across the Persian Gulf Region.[2]

EN Bank is Iran's first private bank[citation needed],.[1] listed under the Tehran Stock Exchange and was listed as one of Iran's top 200 companies.[3] However, it was taken down from Tehran Stock Exchange late 2015 as it was fully privatized by the Eghtesad Family. The bank was also awarded Euromoney magazine's best bank of Iran in 2010.[4]

In 2024, EN Bank was targeted in a cyberattack carried out by IRLeaks, impacting 20 of Iran's 29 banks, including the Central Bank of Iran.[5]

  1. ^ a b "EN Bank :: About EN Bank". English.en-bank.com. Retrieved 16 October 2017.
  2. ^ "EN Bank at a Glance". English.en-bank.com. Archived from the original on 17 October 2017. Retrieved 15 October 2017.
  3. ^ "Welcome to Iran 200 - Leading Provider of Financial Reports and Analytics from Companies in Iran". Archived from the original on 2011-07-10. Retrieved 2010-05-23.
  4. ^ "EN Bank :: Awards". English.en-bank.com. Archived from the original on 16 October 2017. Retrieved 16 October 2017.
  5. ^ "Iran pays millions in ransom to end massive cyberattack on banks, officials say". POLITICO. 2024-09-04. Retrieved 2024-09-09.