Bank Tejarat

Bank Tejarat is a large Iranian commercial bank formed after the 1979 nationalization of the country’s banking sector through the merger of several private institutions, and today operates under the supervision of the Central Bank of Iran with an extensive domestic branch and ATM network and a listing on the Tehran Stock Exchange. Its product set spans retail and corporate banking, including current and savings accounts, time deposits, consumer and business lending, trade finance (letters of credit and guarantees subject to local rules), domestic payments on the Shetab card network, POS acquiring, payroll services, and online and mobile banking; pricing and many product features are influenced by regulatory guidance, including caps and directives on deposit and lending rates. Foreign‑exchange and cross‑border services are constrained by Iranian exchange controls and by international compliance considerations; Bank Tejarat has been subject to U.S. sanctions and other restrictions that limit correspondent relationships and make access for non‑residents and cross‑border transactions difficult, and service availability can vary by customer profile and jurisdiction. Public financial reporting is available primarily in Persian and reflects local accounting requirements with varying degrees of IFRS alignment; like other Iranian banks, Bank Tejarat operates in an environment of high inflation, currency volatility, and credit concentration risk, which can affect asset quality, capital adequacy, and measured profitability over time. Digital channels focus on domestic rails (Shetab cards, Sheba/IBAN transfers, bill payments, and in‑country QR/POS acceptance), and functionality is designed for Iran’s payments infrastructure; international card acceptance and transfers are generally not available. Prospective users should consider regulatory status, sanctions exposure, identification requirements, and the potential for rapid changes in terms or service scope driven by macroeconomic and policy developments.