Private company

EN Bank

Logo: Amir.mnz, CC BY-SA 4.0, via Wikimedia Commons3

Iranian bank

EN Bank, also known as Eqtesad Novin Bank (Persian: بانک اقتصاد نوین, Bānk-e Eqtesād-e Novin, lit. "Modern Economy Bank") is Iran's first private bank established by the Eghtesad Family offering retail, commercial and investment banking services in Iran. The company was established in 2000 as a part of the government's privatization of the banking system.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

2001Founded1
  • Industryfinancial sector, financial services1
  • HeadquartersTehrān1
  • Founded inTehran1
  • Websitewww.enbank.ir
  • Listed onTehran Stock Exchange1

EN Bank, also known as Eqtesad Novin Bank (Persian: بانک اقتصاد نوین, Bānk-e Eqtesād-e Novin, lit. "Modern Economy Bank") is Iran's first private bank established by the Eghtesad Family offering retail, commercial and investment banking services in Iran. The company was established in 2000 as a part of the government's privatization of the banking system.2

Products and brands

  • retail banking

Listed on Wikidata.1

EN Bank operates in Iran and many other Middle Eastern countries. In addition to retail, corporate, international, and commercial banking, the company offers savings and current accounts, loans, cards, and safe deposit boxes; merchant, cash management, and financing services; Internet, telephone, mobile, and SMS banking; and foreign exchange, currency accounts, trade finance, fund transfer, and wire services. EN Bank also provides utility bill payment service; and complementary financial services, ranging from securities trading to insurance. In 2015, EN Bank, with 600 million euros of assets under management (AUM), was in talks with a number of German banks to start a mutual fund of 25 million euros.

In 2024, EN Bank was targeted in a cyberattack carried out by IRLeaks, impacting 20 of Iran's 29 banks, including the Central Bank of Iran. Politico described it as the "worst attack" in the country's history.

From Wikipedia’s article on EN Bank, shared under CC BY-SA 4.0.4

Timeline

  1. 2001Founded Founded in Tehran1

Sources

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