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Bank Refah Kargaran (Iran)

Main Activities: Commercial Banking
Full name: Bank Refah Kargaran Profile Updated: August 24, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2024 Available in: English Download a sample report

Bank Refah Kargaran, also known as Bank Refah, is one of Iran's major banks. Bank Refah was established in 1960 to provide basic banking services to Iranian workers. Those services included a collection of insurance premiums, payment of salaries and pensions, mortgages and personal loans. Bank Refah was categorized as a non-commercial bank until it was nationalized in 1979 less than a year after the Islamic Revolution. With the Nationalization law passed by the Islamic Majlis of Iran, the bank's ownership was transferred to the government. It was also recategorized as a commercial bank. Today, Bank Refah, with its headquarters in Tehran, Iran, is a retail commercial bank owned and controlled by the Social Security Organization of Iran. Bank Refah provides a full range of products and services to more than a million clients.

Headquarters
Vali Asr Street Has Not Reached Vanak Square, No. 2584
Tehran; Tehran; Postal Code: 1435694831

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Website: http://www.refah-bank.ir/en

Basic Information
Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1960
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Chief Executive Officer
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Chief Executive Officer
Ownership Details
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Subsidiaries
Leading Development Of Campus Welfare
100%
Management Of Construction Projects In Iran
100%
Welfare Bank Brokerage
100%
Company Performance
Financial values in the chart are available after Bank Refah Kargaran report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency IRR. Absolute financial data is included in the purchased report.
Net interest income
37.92%
Operating profit (EBIT)
128.12%
Net Profit (Loss) for the Period
75.78%
Total assets
14.41%
Total equity
7.36%
Total Assets Trend
-95.8%
Net Interest Income Trend
5.25%

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