The Export Development Bank of Iran (EDBI) was established in 1991 with the objective of increasing Iran's exports and developing trade with other countries.
Vision · As the unique state-owned EXIM Bank of Iran, to promote the Country’s exports & develop economic and business exchanges with other countries Mission To offer products and services that meet needs of all customers, (particularly exporters) in a sound, safe and profitable environment To treat customers fairly and provide them with full access to our financial services based on the three principals of Professionalism, Responsiveness and Respect Objectives To attain growth and profitability in all financial services the bank renders To utilize most advance e-banking technologies to facilitate the bank’s services To open up future markets Branch Network 28 Branches all across the country Representative Office in Almaty, Kazakhstan
Main Activities · Corporate Banking · Retail Banking · Commercial Banking · Islamic Banking · Mobile Banking Services for Clients 1. Current, Savings & Deposit Accounts 2. Pre-shipment & Post-shipment Loans 3. Credit, Debit Cards 4. POS & ATMs 5. Trade Finance: LC, LG, Advice, Confirmation, Discount, Processing of Documentary Collections 6. Stock Exchange Brokerage 7. Commercial Payments, Money Transfers Services for Correspondent Banks 1. Correspondent Accounts and International Settlement Services 2. Bank to Bank Transfers and Commercial Payments 3. Trade Finance Operations: LC and LG, Issuance of Reimbursement Undertakings, Processing Documentary Collections 4. Cheques Collections 5. Extending Credit Lines
Export Financing Pre-Shipment Financing: to cover manufacturing costs Post-Shipment Financing: to enable exporters to sell Iranian goods and services on deferred payment basis under: ¨ Supplier’s Credit: to discount the bills of exchange or deferred-payment LCs ¨ Buyer’s Credit: to extend facility to foreign buyers of Iranian goods and services, to be payable out of The Bank’s own resources, Oil Reserve Fund (ORF) & Islamic Development Bank’s (IDB) resources granted to EDBI under Export Financing Scheme (EFS) Import Financing To provide facility for manufacturing goods and services to be exported abroad To facilitate importation of raw materials, spare parts & production line machineries To be granted out of the Bank’s own resources, credit lines received from major banks, including Islamic Development Bank (IDB) The EDBI, a Trusted Partner State-owned financial institution Large-scale use of advanced Information Technology Maintaining robust correspondent banking relations Wide variety of competitive banking services Clients include prime award winning Iranian exporters Backed by expertise of highly professional members of staff