Bank of Industry and Mine
{{Short description|Iranian banking and financial services corporation}}
{{Infobox company
|name = Bank of Industry and Mine
|native_name =
|logo = Sanatvamadan-logo-LimooGraphic.png
|slogan =
|type = State-owned enterprise
|traded_as =
|foundation = {{start date and age |1983}}
|founder =
|key_people = Mahmoud Shayan,
CEO
|industry = Banking
Financial services
Investment services
|products = Finance and insurance
Consumer banking
Corporate banking
Investment banking
Investment management
Global wealth management
Private equity
Mortgage loans
Credit cards
|area_served = Iran
|revenue =
|num_employees =
|homepage = [http://www.bim.ir www.bim.ir]
}}
Bank of Industry and Mine ({{langx|fa|بانک صنعت و معدن}}, Bānk-e San'at va Ma'dan) is an Iranian government owned specialized bank located in Tehran, Iran. It endeavours to increase economic growth through the development of industry and mining.
In 2017, A Chinese state-owned investment firm provided a $10 billion credit line for five Iranian banks, including the Bank of Industry and Mine, "in order to support projects in the country".{{Cite web |title=Tehran Bucks US Sanctions As China Gives $10 Billion Credit Line To Five Iranian Banks |url=https://caspiannews.com/news-detail/tehran-bucks-us-sanctions-as-china-gives-10-billion-credit-line-to-five-iranian-banks-2017-9-19-32/ |access-date=2022-10-20 |website=caspiannews.com |language=en}} In light of US sanctions, The bank, and its subsidiaries, have had financial dealings with Danish and German Banks.{{Cite web |date=2017-09-20 |title=Iran Signs €500 Million Finance Deal with Denmark |url=https://financialtribune.com/articles/economy-business-and-markets/72826/iran-signs-500-million-finance-deal-with-denmark |access-date=2022-10-20 |website=Financial Tribune |language=En}}{{Cite web |title=Germany allows US sanctioned Iranian 'terror' banks to operate |url=https://www.jpost.com/international/germany-allows-us-sanctioned-iranian-terror-banks-to-operate-623984 |access-date=2022-10-20 |website=The Jerusalem Post {{!}} JPost.com |date=8 April 2020 |language=en-US}}
In 2024, IRLeaks carried out a cyberattack on the Iranian banking sector, impacting 20 out of 29 banks, including the Bank of Industry and Mine as well as the Central Bank of Iran. Politico labeled it the "worst attack" in the nation's history.{{Cite web |date=2024-09-04 |title=Iran pays millions in ransom to end massive cyberattack on banks, officials say |url=https://www.politico.eu/article/iran-millions-ransom-massive-cyberattack-banks/ |access-date=2024-09-09 |website=POLITICO |language=en-GB}}
See also
References
{{Reflist}}
External links
- [https://www.bim.ir/en-US/Portal/1/page/Home Bank of Industry and Mine] {{Webarchive|url=https://web.archive.org/web/20220702211002/https://www.bim.ir/en-US/Portal/1/page/Home |date=2022-07-02 }}
{{Banks of Iran}}
Category:Iranian companies established in 1983
Category:Banks established in 1983
Category:Ministry of Industry, Mine and Trade (Iran)
Category:Iranian entities subject to U.S. Department of the Treasury sanctions
Category:Government-owned banks of Iran
Category:companies based in Tehran
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