Bank Tejarat

This entry examines establishment and the importance of Bank Tejarat in Iranian banking sector. The origin of Bank Tejarat dates back to the 1880s. The bank’s role as a bridge in the export of agricultural products while belonging to the British caused public reaction and ulema’s opposition. Afterward, with the purchase of the bank by the Iranians, a nationalization movement began and Bank Tejarat continued to grow by purchasing different banks across the country and incorporating them into the bank. This entry gives brief information about the activities of the bank and the regulations it is subject to.