Bank Eghtesad Novin
Bank Eghtesad Novin is an Iranian banking institution operating through its official enbank.ir website. It is relevant to counterparties assessing access to domestic banking relationships and financial-services infrastructure in Iran.
Operations & footprint
Products and services
Bank Eghtesad Novin provides retail banking, corporate banking, deposits, lending, payment services, cards, electronic banking, foreign-exchange-related services, and financial intermediation. Its operating profile is linked to private-sector banking demand, enterprise finance, merchant payments, credit access, and domestic financial-service infrastructure.
Ownership & group structure
Parent company
Publicly traded private-sector bank with diversified corporate and public shareholders. Current controlling shareholders and ownership percentages require the latest shareholder disclosure.
Reported scale
Employees: LinkedIn classifies the bank in the 1,001-5,000 employee range. This is a platform estimate; current audited headcount, branch and ATM totals were not retrieved.
Commercial and investment relevance
In the Hormuz investment graph, Bank Eghtesad Novin connects private-sector banking, corporate liquidity, listed financial-market exposure, payment systems, and working-capital access. It is useful for screening banking-sector risk, domestic credit conditions, enterprise finance, counterparty assessment, and the operational friction companies face when moving money or financing inventory in Iran. Any foreign-facing use should verify regulatory status, sanctions exposure, disclosure data, correspondent access, balance-sheet risks, and actual service availability for foreign-linked transactions.
Constraints, risk & compliance
Sanctions and compliance considerations
OFAC designated Eghtesad Novin Bank on 2020-10-08 under E.O. 13902 for operating in Iran's financial sector. A 2026 Treasury action also identified Khavar Tejarat Arka Kish as its corresponding rahbar company. Transactions require current sanctions, beneficial-ownership, payment-route and humanitarian-authorization review.
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Connected Intelligence
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Frequently asked questions
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What is Bank Eghtesad Novin?
Bank Eghtesad Novin is an Iranian banking institution also known as Eghtesad Novin Bank and بانک اقتصاد نوین.
What is the official website of Bank Eghtesad Novin?
Its official website is https://www.enbank.ir.