Bank Sina
Bank Sina (بانک سینا) is an Iranian financial-services provider offering mobile and internet banking, loan schemes and SATNA real-time gross settlement services. It serves Iran’s domestic banking and payment environment. The bank is listed on OFAC’s SDN List, making sanctions compliance a decisive factor for cross-border counterparties, financial institutions and investors.
Operations & footprint
Products and services
Bank Sina provides retail banking, corporate banking, deposits, loans, payment services, electronic banking, cards, investment-related financial services, and business banking. Its activity is tied to Iran’s domestic credit market, branch-based financial access, payment infrastructure, household banking, and enterprise liquidity.
Operations and assets
The bank operates digital service channels for mobile and internet banking and provides access to SATNA, Iran’s real-time gross settlement system, alongside loan schemes.
Geographic footprint
Iran
Commercial and investment relevance
In the Hormuz investment graph, Bank Sina connects domestic deposits, business lending, payment services, public-market banking exposure, and financial-system operating risk. It is useful for evaluating banking access, credit availability, payment reliability, and counterparty-risk context for companies active in Iran. Foreign-facing analysis should verify current regulatory status, sanctions exposure, ownership and governance context, disclosure quality, balance-sheet risk, correspondent access, and practical service availability before using the profile commercially. For domestic counterparties, Bank Sina is a channel for digital banking, lending and high-value domestic payment settlement. Any cross-border or internationally connected transaction requires sanctions screening before engagement.
Constraints, risk & compliance
Key risks and constraints
The bank’s OFAC SDN designation creates a material constraint on correspondent banking, cross-border settlement and dealings involving US persons or US-dollar clearing.
Sanctions and compliance considerations
Bank Sina is listed on the US Department of the Treasury’s Office of Foreign Assets Control Specially Designated Nationals and Blocked Persons List, as reflected in OFAC’s record dated 5 November 2023. Transactions and relationships require sanctions-compliance review.
Need more than a public profile?
Ask Hormuz to investigate, verify or act locally around Bank Sina. Tell us exactly what you need.
Connected Intelligence
Relevant geography, industry, market and execution context for this profile.
Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What services does Bank Sina provide?
Bank Sina provides mobile banking, internet banking, loan schemes and SATNA real-time gross settlement services.
Is Bank Sina subject to US sanctions?
Yes. Bank Sina is listed on OFAC’s Specially Designated Nationals and Blocked Persons List.
Why does Bank Sina’s sanctions status matter commercially?
The SDN designation materially affects cross-border settlement, correspondent banking and transactions involving US persons, US-dollar clearing or parties subject to US sanctions compliance.