Export Development Bank of Iran
Export Development Bank of Iran (EDBI) is an unlisted, state-owned bank headquartered in Tehran, Iran. Established in 1991, it serves the country’s export economy through a domestic branch network and listed subsidiaries including Venezuelan banking interests. The bank is a material export-finance counterparty in Iran, but its U.S. SDN designation is central to any commercial, payment or investment assessment.
Operations & footprint
Products and services
Banking services focused on Iran’s export economy.
Operations and assets
Head office in Tehran and a domestic network of 38 branches as of 20 March 2024.
Geographic footprint
Headquartered in Tehran, Iran, with 38 domestic branches as of 20 March 2024. Listed subsidiaries include entities in Venezuela and Iran.
Ownership & group structure
Ownership
State-owned bank.
Subsidiaries and group companies
Banco Internacional de Desarrollo C.A. (Banco Universal), Venezuela; Iran-Venezuela Bi-National Bank (IVBB); Tamaddon Investment Bank (TIB).
Commercial and investment relevance
EDBI is relevant to counterparties assessing export-linked banking access in Iran, but its U.S. SDN designation materially restricts the addressable international investor and partner base. The bank is a potential domestic financial counterparty for Iranian export-related activity. Any engagement involving non-U.S. parties requires transaction-specific compliance assessment because of its sanctions status.
Constraints, risk & compliance
Key risks and constraints
Its U.S. SDN designation restricts access to international financial channels and can limit correspondent-banking, payment and trade-finance relationships.
Sanctions and compliance considerations
Export Development Bank of Iran is listed on the U.S. Treasury’s OFAC Specially Designated Nationals (SDN) List under the IFSR, IRAN and SDGT programs. OFAC identifies it as subject to secondary sanctions under section 1(b) of Executive Order 13224, as amended by Executive Order 13886.
Need more than a public profile?
Ask Hormuz to investigate, verify or act locally around Export Development Bank of Iran. 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 is Export Development Bank of Iran?
Export Development Bank of Iran, also known as EDBI, is an unlisted state-owned bank headquartered in Tehran and focused on Iran’s export economy.
When did Export Development Bank of Iran begin operating?
The bank was incorporated on 10 July 1991 and began operations on 24 November 1991.
Is Export Development Bank of Iran sanctioned?
Yes. EDBI is listed on the U.S. Treasury Department’s OFAC Specially Designated Nationals List under the IFSR, IRAN and SDGT programs.
Where is Export Development Bank of Iran headquartered?
Its headquarters is at Tosee Tower, Ahmad Qasir Avenue, Argentina Square, Tehran, Iran.