EN Bank

Iran’s Leading Private Bank

Background

As Iran’s first private bank since the 1979, EN Bank was established in August 2001 under the newly revised licensing and supervisory functions of the Central Bank of Iran aimed at modernizing Iran’s banking sector on the basis of increasingly unregulated and competitive markets.

With the largest network of branches (currently 20 in numbers) amongst Iran’s private banks, EN Bank is a major player at the current developments aimed at significantly increasing private banks’ share in Iran’s total banking market.

Business Vision

EN Bank’s business vision is centered on a number of key elements, namely:

·       To develop and secure sustainable competitive advantage over other banks in Iran in terms of:

• Operating Performance

• Profitability

• Market Share

• Creating value for Shareholders

• Employee Empowerment and Engagement

 ·       To give total commitment to excellence in customer service at all times.

·       To give total commitment to establish and operate an effective system of relationship-based banking (in contrast to transaction-­based banking) in relation to both corporate banking and consumer banking.

·       To give total commitment to maximum transparency in dealing with the Bank’s customers, partners, and stakeholders (i.e. shareholders, creditors, employees, and regulators).

Business Strategy

EN Bank’s current business strategy comprises of a number of key critical success factors that include the following:

·       To direct and operate the Bank as a market-driven organization as reflected in the Bank’s:

§       Corporate Culture

§       Organizational Design/Structure

§       Employees’ attitude and conduct

§       Business Policies

§       Standard Operating Procedures (“SOPs”)

·       To achieve high levels of operating performance and standards in line with the prevailing world class best practices on the basis of a modern business-driven and highly IT-enabled operating infrastructure.

·       To form strategic alliances/partnerships with world-class international organizations in relation to the emerging business opportunities arising from Iran’s financial services sector which at present is going through government-sponsored programme of reforms involving:

§       De-regulation

§       Modernization

§       Privatization

§       Rationalization

Products & Services

As Iran’s leading private bank, EN Bank offers an increasingly wide spectrum of banking products and services to its personal and corporate customers.

Various accounts and deposits as well as guaranteed investments are offered by EN Bank to Iran’s increasingly demanding and sophisticated customers.

More specifically, a comprehensive portfolio of credit products and services are offered to the Bank’s customers on highly competitive terms and conditions, including:

Corporate Banking

§       Working Capital Facilities

§       Structured Credit Facilities

§       Equipment Acquisition Facilities

§       Business Development Facilities

Consumer Banking

§       Mortgage Facilities

§       Car Purchase Facilities

§       In addition, currently there are plans in hand to offer new products and services, including:

Corporate Banking

§       International banking services, including Letters of Credit and Letters of Guarantee

§       Trade Finance

§       Leasing of equipment & machinery

Consumer Banking

§       Leasing of cars

§       Credit/Charge Cards in foreign currency

Board of Directors

Mr. E. Arabzadeh

Chairman

Dr. A. Zeini

Executive Vice Chairman

Mr. N. Nazemzadeh

Chief Executive Officer

Mr. M. Moallemian

Deputy Chief Executive Officer

2002/03 Financial Highlights

NOTE: I LISD = 8,140 Iranian Rials