The profile of the first Iranian Bank
As the first established Iranian bank, Bank Sepah
started its operations on May 4, 1925 with an initial capital of IRR
3,883,950 in a shopping center in Tehran. The Bank Articles of
Association were fundamentally revised in 1926, thus enabling it to
render financial and banking services in any economic activities.
as one of the most influential Iranian financial institutions, Bank
Sepah, with 90 years of experience, effectively contributes to the
achievement of the country’s macroeconomic goals through mobilizing the
funds from depositors and allocating them to the productive sectors.
a paid-in capital of IRR 75,531 billion, the Bank now plays a
significant role in the economic development of Iran, through providing
services on both national and international bases, within the framework
of its three-year Strategic Plan, taking full advantage of its 1766
domestic branches, the three branches in Paris, Rome and Frankfurt and
one wholly-owned subsidiary, Bank Sepah International plc, in London.
bank has recently designed and executed Top Quality Customer
Satisfaction scheme to further enhance its client-oriented performance.
The following are among the highlights:
• Providing the clients with the necessary
information through the Bank’s website, direct phone lines, and
• Elaborating the Bank’s services through
brochures, annual reports, banners, T.V. and radio advertising,
publications and billboards; and
• Executing 5S methodology throughout branches
in order to increase security, improve the Bank’s services and gain the
satisfaction of the clients.
Branches and Human Resources Network
February 2016, Bank Sepah had 1694 domestic and three overseas
branches.The relationship and interaction between an organization and
its staff are important factors for its development and promotion, and
Bank Sepah believes that the skillful and motivated human resources
represent its real capital. The Bank has, therefore, fundamentally
revised its organizational structure to provide services in a more
As a consequence of recruitment of over 1300
employees, the Bank’s staff totaled 18000 at the end of the fiscal year
2015-16. Over the year under review, 22.5 percent of the staff were
positioned in various administrative departments while 77.5 percent were
active at the operational duties.
regard to the lifting of sanction and the relaunching of SWIFT, this
Bank is prepared to issue various kinds of letters of credit,
documentary collections, Payment orders, guarantees, and render other
international banking services.