National Bank of Iran

The National Bank of Iran is a state-owned bank in Iran, established in 1928 with a history of over 90 years. It is the first commercial bank in Iran and also the first national bank in Iran. Started opening branches abroad in 1965.

The business of the National Bank of Iran mainly includes adjusting currency circulation, currency preservation, adjusting deposit and loan interest rates, maintaining account balance, and supervising the national banking system. In 1961, after the promulgation of the Iranian Currency and Banking Law and the establishment of the Central Bank, some functions of the National Bank were transferred to the Central Bank, and its current business mainly focuses on commerce and trade.