Bank of Industry and Mine
Bank of Industry and Mine is a state-owned specialized development bank headquartered in Tehran, serving industrial, mining, manufacturing, export-oriented and knowledge-based businesses across Iran. It provides project and working-capital finance, guarantees, trade and foreign-exchange services, and equipment finance, making it a material credit and transaction channel for capital-intensive Iranian projects.
Operations & footprint
Products and services
Bank of Industry and Mine provides specialized development banking for industrial and mining projects, including project finance, corporate credit, investment facilities, working-capital finance, guarantees, foreign-exchange-related services, machinery and equipment financing, and banking support for manufacturers, miners, infrastructure projects, and enterprise-scale borrowers.
Operations and assets
The bank operates a nationwide branch network in Iran and provides project finance, working-capital facilities, investment finance, guarantees, foreign-exchange and trade-finance services, machinery and equipment finance, deposit products, e-banking and advisory services.
Geographic footprint
Iran, with branches across the country.
Ownership & group structure
Ownership
State-owned specialized development bank.
Commercial and investment relevance
Bank of Industry and Mine is relevant for investors assessing industrial finance, mining-sector credit, project-bankability, equipment procurement, working-capital access, and development-finance channels in Iran. It can support analysis of which sectors may receive policy-backed credit, where machinery financing is constrained, and how state banks support industrial capacity. Due diligence should review sanctions exposure, project-loan quality, borrower concentration, collateral structures, foreign-exchange facilities, procurement risk, payment reliability, and links to state-backed industrial projects. For manufacturers, miners, equipment suppliers and project sponsors, the bank is a financing and guarantee counterparty for industrial expansion, machinery procurement, working capital and trade-related transactions. Its role is particularly relevant where project viability depends on domestic development-bank credit.
Constraints, risk & compliance
Key risks and constraints
Transactions involving the bank face substantial execution constraints because it is subject to US and EU restrictive measures. Sanctions-driven limits on correspondent banking, foreign-exchange services, trade finance and cross-border payment settlement can affect project funding and procurement.
Sanctions and compliance considerations
Bank of Industry and Mine is subject to US sanctions, including designations under Executive Orders 13382 and 13224, and to EU restrictive measures concerning Iran. Any engagement requires jurisdiction-specific sanctions screening and legal review.
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Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What does Bank of Industry and Mine finance?
The bank finances industrial, mining and related projects through project finance, working-capital facilities, investment finance, guarantees, machinery and equipment finance, trade finance and foreign-exchange services.
Where does Bank of Industry and Mine operate?
It is headquartered in Tehran and operates branches across Iran.
Who owns Bank of Industry and Mine?
Bank of Industry and Mine is a state-owned specialized development bank.
Is Bank of Industry and Mine subject to sanctions?
Yes. The bank is subject to US sanctions, including designations under Executive Orders 13382 and 13224, as well as EU restrictive measures concerning Iran.