Bank Keshavarzi
Bank Keshavarzi is a state-owned, unlisted Iranian specialist bank headquartered in Tehran. Established in 1933, it provides agricultural lending, banking, insurance and digital services to farmers, agribusinesses and rural customers through a nationwide branch network. It is commercially significant to Iran’s agricultural credit system, but its U.S. SDN status is a decisive compliance constraint for international counterparties.
Market position
A specialist state-owned bank serving Iran’s agricultural sector, with lending and financial services directed at farmers, agribusinesses and rural communities.
Operations & footprint
Products and services
Bank Keshavarzi provides specialized agricultural banking, rural finance, deposits, lending, credit facilities for farmers and agribusinesses, livestock and crop-related financing, food-sector banking services, payment services, card services, digital banking, and financial support for agricultural production, inputs, equipment, and supply chains.
Operations and assets
The bank operated 1,709 rural and urban branches across Iran as of August 2024. Its delivery channels include retail branches, dedicated banking services and online banking terminals.
Geographic footprint
Headquartered in Tehran, Iran, with rural and urban branches across the country.
Ownership & group structure
Ownership
State-owned by the Government of the Islamic Republic of Iran.
Reported scale
Employees: 16,115 employees in 2017. Scale note: Historical figures for 2007 list revenue of USD 1.27 billion, net profit of USD 130 million and total assets of USD 18.29 billion.
Commercial and investment relevance
Bank Keshavarzi is relevant for investors assessing Iran's agricultural finance, food-supply resilience, rural credit, input procurement, livestock financing, and the impact of water scarcity on bankable agricultural activity. It can support analysis of which parts of the food chain depend on subsidized or policy-driven credit. Due diligence should review loan programs, exposure to drought-prone regions, repayment risk, collateral practices, government support mechanisms, digital access in rural areas, and links to food-processing or agribusiness borrowers. Bank Keshavarzi is a core counterparty in agricultural finance, linking primary producers, rural households and agribusiness borrowers to credit, banking and insurance services. It is relevant to suppliers and operators whose sales, procurement or project delivery depend on agricultural credit availability.
Constraints, risk & compliance
Key risks and constraints
Agricultural lending exposure is tied to the performance of farm, livestock and rural borrowers, making credit quality sensitive to conditions affecting agricultural production and rural employment.
Sanctions and compliance considerations
Bank Keshavarzi has been on the U.S. Treasury Department’s SDN List since 8 October 2020 and is subject to secondary sanctions. Any proposed transaction requires sanctions screening and specialist compliance review.
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Frequently asked questions
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What does Bank Keshavarzi do?
Bank Keshavarzi provides specialist banking, credit and insurance services to Iran’s agricultural sector, including farmers, agribusinesses and rural customers.
Who owns Bank Keshavarzi?
Bank Keshavarzi is state-owned by the Government of the Islamic Republic of Iran.
Where is Bank Keshavarzi headquartered?
The bank is headquartered in Tehran, Iran.
Is Bank Keshavarzi subject to U.S. sanctions?
Yes. Bank Keshavarzi has been listed on the U.S. Treasury Department’s SDN List since 8 October 2020 and is subject to secondary sanctions.