Sina Bank

Type	Public
Traded as	TSE: VSIN1 ISIN: IRO1VSIN0008
Industry	Financial services
Founded	1985 (as Bonyad Finance and Credit Company) 2009 (as Sina Bank)
Headquarters	Tehran, Iran
Key people	Gholamreza Fathali (Acting) (CEO)
Products	Retail banking Transaction accounts Insurance stock brokerage Investment bank Asset-based lending Consumer finance Trade International payments Foreign exchange
Net income	818 Million IRR (2009)
Total assets	24.143 Billion IRR (2009)
Number of employees	1998 (full-time)[1]
Website	http://www.sinabank.ir/

Sina Bank (Persian: بانک سینا, Bank Sina) is a private Iranian banking establishment offering retail, commercial and investment banking services. The company was established in 1985 as a part of the government's privatization of the banking system.^[2]

While established in Tehran, the bank operated throughout the nation with 1998 employees and 253 branches.^[1]

Sina Bank is listed under the Tehran Stock Exchange and is currently one of eight private banks in Iran.^[3] The bank is currently the 64th largest company in Iran.^[4] In 2007, Sina Bank had initial equity capital of 10 Billion IRR.^[5]

Operations

The bank was established in 1985 as the Bonyad Finance and Credit Company.^[5] The company was the first credit establishment in the Iranian financial sector. In 2007, the company was privatized,^[5] and in 2009 was listed on the Tehran Stock Exchange.^[6]

The bank currently operates throughout the country, housing a total of 253 branches. In 2010, the bank came under European Union sanctions against Iranian banking institutions.^[7]

In addition to offering short and fixed deposit accounts for domestic and overseas clients, the bank provides letters of credit, treasury, currency exchange, corporate loans syndication, financial advisory and electronic banking services.^[8]