On the Bank
The only shareholder — OJSC “Bank Melli Iran”, Tehran
The Bank's historical background
Joint Stock Company “Mir Business Bank” (CJSC «MB Bank») was registered in January 2002, banking license No. 3396 was issued by the Central Bank of the RF on April 15, 2002.
JSC «MB Bank» is a bank with 100% of foreign capital. OJSC Bank Melli Iran, Tehran (National Bank of Iran) is the only shareholder and founder of JSC «MB Bank», its authorized capital is fully formed by its equity.
Information on shareholder OJSC Bank Melli Iran
OJSC Bank Melli Iran (hereinafter – BMI) is the first national Iranian bank, which was created in 1927 by order of Majlis (the Iranian Parliament) and since then has remained one of the most influential Iranian banks. BMI had fulfilled functions of the Central Bank of Iran until 1960 when Bank Markazi was created. After it all the responsibilities of the Central Bank were passed by it to the new Central Bank.
Since 1933 BMI has grown into a large retail bank with local and international branches (18 international branches in 11 countries), and the first foreign branch was opened by the bank in Hamburg, Germany in 1965. Currently BMI is the largest commercial retail bank in Iran and Middle East with more than 3,600 branches and 46,000 employees. Bank Melli Iran (National Bank of Iran) is managed by the government of Iran and is its ownership. And its paid authorized capital equals to IRR 99,065.00 bn (USD 3,700.00 m).
- JSC «MB Bank» executes the following types of banking transactions within the framework of its licenses
- service of the foreign trade turnover between the Islamic Republic of Iran and the Russian Federation;
- acquisition and placement of interbank loans and deposits in roubles and foreign currencies to Russian and foreign banks;
- service of legal entity customers;
- purchase of promissory notes of Russian banks;
- raising of monetary funds of legal entities into deposits (call and fixed deposits);
- granting loans to individuals and legal entities;
- opening and maintaining bank accounts of legal entities;
- transfers of monetary funds of individuals without opening banking accounts (except for postal transfers).