Shahr Bank
Shahr Bank Public Joint Stock Company is a Tehran-headquartered Iranian bank listed on Iran Fara Bourse under ticker وشهر (VSCH). It provides deposits, lending, payment, card, branch, electronic and foreign-exchange-related banking services. Its municipal shareholder base and urban-service orientation make it relevant to counterparties involved in city-linked finance, payments and infrastructure activity.
Operations & footprint
Products and services
Shahr Bank provides banking services including deposits, lending, electronic banking, payment services, card services, branch banking, urban-facing financial services, credit products, foreign-exchange-related services, and digital banking tools connected to consumer, municipal, business, and public-service transaction needs.
Operations and assets
The bank operates through branch banking and electronic channels, providing deposits, lending, cards, payments, foreign-exchange-related services and digital banking tools.
Geographic footprint
Headquartered in Tehran, Iran.
Ownership & group structure
Ownership
Shareholders include municipalities of Tehran, Mashhad, Karaj, Qom, Shiraz and Qazvin; municipal employees; Tehran Municipality Employees’ Reserve Fund; Tehran Municipality Retirement Fund; Shahriar Cooperative Production and Distribution Company; and public investors.
Commercial and investment relevance
Shahr Bank is relevant where investment analysis touches urban development, municipal contractors, consumer payments, city-service financing, and local public-sector-linked banking relationships. It can help analysts assess how credit and payment infrastructure interact with metropolitan demand, public projects, and city-level economic activity. The main caution is counterparty-risk review, because municipal-linked financial exposure can differ materially from standard private commercial banking exposure. The bank is a relevant financial counterparty for suppliers, operators and project participants whose activity depends on Iranian payment rails, credit access or city-linked commercial relationships. Its municipal connections are particularly material for urban-service and infrastructure counterparties.
Constraints, risk & compliance
Key risks and constraints
The municipal shareholder base can create concentrated exposure to city-linked borrowers, contractors and related parties. Counterparty assessments should consider the bank’s credit exposure to municipal and urban-development activity.
Sanctions and compliance considerations
Shahr Bank was designated by the U.S. Department of the Treasury on 8 October 2020. Transactions involving the bank require sanctions screening and jurisdiction-specific legal review.
Need more than a public profile?
Ask Hormuz to investigate, verify or act locally around Shahr Bank. 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.
Is Shahr Bank publicly listed?
Yes. Shahr Bank is listed on Iran Fara Bourse (IFB) under ticker وشهر (VSCH).
Where is Shahr Bank headquartered?
Shahr Bank is headquartered at Ferdowsi Square in Tehran, Iran.
What services does Shahr Bank provide?
Its services include deposits, lending, payment and card services, branch and electronic banking, digital banking tools, credit products and foreign-exchange-related services.
Does Shahr Bank have sanctions exposure?
Shahr Bank was designated by the U.S. Department of the Treasury on 8 October 2020. Transactions require sanctions screening and appropriate legal review.