Tosee Taavon Bank
Tosee Taavon Bank is a state-owned Iranian specialist bank headquartered in Tehran and supervised by the Ministry of Cooperatives, Labour, and Social Welfare. Established in 2009, it provides cooperative-sector banking, credit, guarantees, payments, foreign-exchange and digital services to cooperatives, SMEs and production-oriented enterprises. It is a significant financing counterparty in policy-linked cooperative development, subject to material OFAC sanctions constraints.
Operations & footprint
Products and services
Tosee Taavon Bank provides cooperative-sector banking, deposits, lending, business credit, development finance, guarantees, payment services, digital banking, and financial support for cooperatives, SMEs, production units, employment-linked projects, and social-economy enterprises operating within Iran's formal banking system.
Operations and assets
The bank operates from Tehran and provides deposit-taking, lending, business credit, guarantees, payment, foreign-exchange and digital-banking services to cooperative and development-oriented customers.
Geographic footprint
Headquartered in Tehran, Iran.
Ownership & group structure
Ownership
Wholly owned by the Iranian government and supervised by the Ministry of Cooperatives, Labour, and Social Welfare.
Commercial and investment relevance
Tosee Taavon Bank is relevant for investors assessing Iran's cooperative economy, SME credit, employment-linked finance, and state-directed banking support for small production and service units. It can support analysis of financing channels available to cooperatives, local suppliers, agricultural or industrial production groups, and regional development projects. Due diligence should include sanctions screening, borrower concentration, policy-lending exposure, loan quality, collateral practices, digital-service reliability, and the bank's role in state-backed cooperative-sector programs. Tosee Taavon Bank is a financing channel for cooperatives, SMEs, production units and employment-linked ventures. Suppliers, buyers and project partners involved with Iranian cooperative enterprises may encounter the bank as a lender, guarantor or payments counterparty.
Constraints, risk & compliance
Key risks and constraints
The bank’s lending role is closely tied to public development priorities and cooperative-sector borrowers. Counterparty assessments should consider borrower and sector concentration, policy-directed credit exposure, collateral arrangements and loan-portfolio quality.
Sanctions and compliance considerations
Tosee Taavon Bank is listed by OFAC as an SDN under the IRAN and IRAN-EO13902 programmes, with designation dated 8 October 2020. The designation creates a material compliance barrier for U.S.-linked and many cross-border transactions.
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Frequently asked questions
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What does Tosee Taavon Bank do?
Tosee Taavon Bank provides deposits, lending, business credit, guarantees, payments, foreign-exchange and digital-banking services, with a focus on cooperatives, SMEs and development-oriented enterprises in Iran.
Who owns Tosee Taavon Bank?
Tosee Taavon Bank is wholly owned by the Iranian government and operates under the supervision of the Ministry of Cooperatives, Labour, and Social Welfare.
Is Tosee Taavon Bank sanctioned?
Yes. Tosee Taavon Bank is listed by OFAC as an SDN under the IRAN and IRAN-EO13902 programmes, with a designation date of 8 October 2020.
Where is Tosee Taavon Bank headquartered?
The bank is headquartered at Mirdamad Boulevard, North East Corner of Mirdamad Bridge, No. 271, Tehran, Iran.