View source for Bank Sepah

{{Short description|Iranian banking and financial services corporation}}
{{multiple issues|
{{recentism|date=September 2011}}
{{too few opinions|date=September 2011}}
}}
{{Infobox company
| name = Bank Sepah<br />بانک سپه
| logo = Bank Sepah logo.svg
| logo_size = 
| image = Sepah Bank Central Building 2.jpg
| image_caption = Bank Sepah headquarters in [[Tehran]]
| type = [[Government-owned corporation]]
| traded_as = 
| founder = Iranian Army Pension Fund
| area_served = Worldwide
| key_people = Ayatollah Ebrahimi<br /><small>([[CEO]])</small>
| industry = Banking, [[Financial services]]
| products = 
| services = Credit cards, [[retail banking|consumer banking]], [[commercial bank|corporate banking]], [[mortgage loan]]s
| revenue = {{gain}} [[File:Rialsymbol.svg|20px]] 37,153,487 [[Iranian Rials|IRR]] (2014)*<ref name="results2014">[http://www.banksepah.ir/English/tab-464/Financial-Statements.aspx Bank Sepah Financial Statements] {{Webarchive|url=https://web.archive.org/web/20150402103438/http://www.banksepah.ir/English/tab-464/Financial-Statements.aspx |date=2015-04-02 }}, ''Bank Sepah'', 24 March 2014</ref>
| operating_income = {{gain}} [[File:Rialsymbol.svg|20px]] 20,701,827 [[Iranian Rials|IRR]] (2014)*<ref name=results2014/>
| net_income = {{gain}} [[File:Rialsymbol.svg|20px]] 490,892 [[Iranian Rials|IRR]] (2014)*<ref name=results2014/>
| assets = {{gain}} [[File:Rialsymbol.svg|20px]] 500,319,226 [[Iranian Rials|IRR]] (2014)*<ref name=results2014/>
| equity = {{gain}} [[File:Rialsymbol.svg|20px]] 72,427,585  [[Iranian Rials|IRR]] (2014)*<ref name=results2014/>
| num_employees = 18,277
| subsid = Bank Sepah International plc
| footnotes = * Amounts in IRR million
| foundation = {{start date and age|1925}}
| location_city = Tehran
| location_country = Iran
| location = Negin Sepah Building, <br />Nowrouz Street, Africa Highway, <br />Argentina Square,<br />Tehran, Iran
| homepage = [https://www.banksepah.ir/default-1077.aspx www.banksepah.ir]|
| dissolved = 
}}
'''Bank Sepah''' ({{langx|fa|بانک سپه}}, ''Bānke Sepah'') is an [[banking and Insurance in Iran|Iranian bank]]. It was established in 1925 as the first Iranian bank. Its first branch, in [[Tehran]], opened that year. The bank also has branches in [[Frankfurt]], [[Paris]] and [[Rome]] as well as a subsidiary, Bank Sepah International plc, in [[London]].<ref>Financial Services Forecast, [[Economist Intelligence Unit]], August 18, 2008</ref> Sepah Bank has recently merged four other Iranian banks and one credit institution: Ansar Bank, Mehr Eghtesad Bank, Hekmat Iranian Bank, [[Ghavamin Bank]] and Kosar Credit Institution.{{Citation needed|date=May 2024}} The Omid Bank app is product of Bank Sepah.<ref>{{Cite web |title=Omid Bank |url=https://omidboom.ir/services/omidbank/ |website=omidboom.ir}}</ref><ref>{{Cite web |last=حیدری |first=هانا |date=2024-03-16 |title=سامانه بانکداری قرض‌‌‌الحسنه دیجیتال بانک سپه رونمایی شد |url=https://way2pay.ir/359107/ |access-date=2024-11-24 |website=راه پرداخت |language=fa-IR}}</ref>

== History ==
Bank Sepah was officially founded on 4 May 1925, with its first branch in Sepah Street in [[Tehran]]. Initially, an investment of 3,883,950 Iranian Rials was made from the military ranked personnel pension fund and the bank was set to exclusively provide military personnel with financial aids such as loans. With further increase in their domain of services, the headquarters for the bank was moved to a larger building in Homayoon st. Starting on 15 March 1926, with opening of another branch in [[Rasht]], Bank Sepah began providing services not only to the military personnel but to the more general public such as businessmen.<ref name="dne-1">{{Cite web |title=سالروز تاسیس نخستین بانک ایرانی |url=https://donya-e-eqtesad.com/%D8%A8%D8%AE%D8%B4-%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-36/877605-%D8%B3%D8%A7%D9%84%D8%B1%D9%88%D8%B2-%D8%AA%D8%A7%D8%B3%DB%8C%D8%B3-%D9%86%D8%AE%D8%B3%D8%AA%DB%8C%D9%86-%D8%A8%D8%A7%D9%86%DA%A9-%D8%A7%DB%8C%D8%B1%D8%A7%D9%86%DB%8C |url-status=live |archive-url=https://web.archive.org/web/20200716140853/https://donya-e-eqtesad.com/%D8%A8%D8%AE%D8%B4-%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-36/877605-%D8%B3%D8%A7%D9%84%D8%B1%D9%88%D8%B2-%D8%AA%D8%A7%D8%B3%DB%8C%D8%B3-%D9%86%D8%AE%D8%B3%D8%AA%DB%8C%D9%86-%D8%A8%D8%A7%D9%86%DA%A9-%D8%A7%DB%8C%D8%B1%D8%A7%D9%86%DB%8C |archive-date=2020-07-16 |access-date=2020-07-16 |website=donya-e-eqtesad.com}}</ref>

Sepah migrated to core banking solution.<ref>{{Cite web |title=مهاجرت بانک سپه به کربنکینگ داتین آغاز شد - پیوست |date=9 July 2020 |url=https://peivast.com/p/80557 |url-status=live |archive-url=https://web.archive.org/web/20201021192410/https://peivast.com/p/80557 |archive-date=2020-10-21 |access-date=2021-05-24}}</ref><ref>{{Cite web |title=بهره برداری از راهکار جامع بانکی داتین در بانک سپه آغاز شد |url=https://www.dotin.ir/resources/HTML/News64.html |url-status=live |archive-url=https://web.archive.org/web/20210117002725/https://www.dotin.ir/resources/HTML/News64.html |archive-date=2021-01-17 |access-date=2021-05-24}}</ref>

==Hack==
{{Main article|Codebreakers attack on Bank Sepah}}
In 2025 [[Codebreakers attack on Bank Sepah|Codebreakers hackers released]] entire 42 million database records of bank sepah from upto 1925.<ref>https://digiato.com/iran-technology-news/sepah-bank-denies-hacking-claims</ref> Bank Sepah threatened people who post the bank data legal action as hackers released list of top richest people in Iranian Islamic Republic military which own the large portion of bank share.<ref>https://digiato.com/iran-technology-news/ban-on-publishing-sepah-bank-hack-news</ref>
List of people includes highest Bank Sepah saving accounts 
*Abbas Gul Mohammadi 768 billion toman<ref>https://news.gooya.com/2025/03/post-96628.php</ref>

*IRGC General Hassan Polark 634bn toman<ref>https://www.independentpersian.com/node/413638/%D8%B3%DB%8C%D8%A7%D8%B3%DB%8C-%D9%88-%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9%DB%8C/%D8%AA%D9%87%D8%AF%DB%8C%D8%AF-%D9%87%DA%A9%D8%B1%D9%87%D8%A7-%D9%88-%D8%A7%D9%86%DA%A9%D8%A7%D8%B1-%D8%A8%D8%A7%D9%86%DA%A9%D8%9B-%D8%A7%D9%81%D8%B4%D8%A7%DB%8C-%D9%81%D9%87%D8%B1%D8%B3%D8%AA-%D9%85%DB%8C%D9%84%DB%8C%D8%A7%D8%B1%D8%AF%D8%B1%D9%87%D8%A7%DB%8C-%D8%B3%D8%B1%D8%B4%D9%86%D8%A7%D8%B3-%D8%AF%D8%B1-%D8%A8%D8%A7%D9%86%DA%A9-%D8%B3%D9%BE%D9%87</ref>

*Alireza Arash 408 billion

*Muhammad Baradaran 321billion toman

*Nader Ghaffari 243 billion toman

*Rasol Sirati (military drone manufacturer) 235 billion toman

*Leila Kazemi 192billion toman

*Amirhossein Fadaei 179billion toman

*Alireza Mohammadi 162 billion toman

*Kazem Qalmaji owner of Ghalamchi schools 161 billion toman

*Gholamreza Shaker 159 billion toman

*Syed Jalil Hasheminia 150 billion toman

*Hassan Mehdizadeh 150 billion toman

*Parviz Kochi Shlamani 150 billion toman

==US, UN sanctions==
{{see also|Sanctions against Iran}}

[[Sanctions against Iran|Sanctions]] were imposed on Bank Sepah by the [[United States]] on 9 January 2007, due to Iran's suspected [[Iran and weapons of mass destruction|nuclear weapons program]].<ref>{{Cite news |title=BBC NEWS - World - Middle East - US blacklists Iranian state bank |url=http://news.bbc.co.uk/2/hi/middle_east/6246665.stm |url-status=live |archive-url=https://web.archive.org/web/20200227185357/http://news.bbc.co.uk/2/hi/middle_east/6246665.stm |archive-date=2020-02-27 |access-date=2007-01-10 |website=news.bbc.co.uk|date=9 January 2007 }}</ref> The United States claimed that the bank assisted Iran in developing missiles that could carry nuclear weapons.<ref name="mercurynews.com">http://www.mercurynews.com/mld/mercurynews/news/politics/16420611.htm {{Dead link|date=February 2022}}</ref> and all its branches and subsidiaries in [[Italy]], [[United Kingdom|UK]], [[France]] and [[Germany]]<ref>{{Cite web |title=Bank Sepah - Branchs |url=http://www.banksepah.com/EN/Branchs/Default.aspx |url-status=dead |archive-url=https://web.archive.org/web/20061021192245/http://www.banksepah.com/EN/Branchs/Default.aspx |archive-date=2006-10-21 |access-date=2007-01-10}}</ref> will have their assets frozen by the United States in order to prevent Iran from constructing nuclear weapons.<ref name="mercurynews.com" /> The official website<ref>{{Cite web |title=بانک سپه |url=http://www.banksepah.ir/ |url-status=live |archive-url=https://web.archive.org/web/20070606121642/http://www.banksepah.ir/ |archive-date=2007-06-06 |access-date=2007-05-04}}</ref> of Bank Sepah in Iran reacted by mentioning the American resolution "fabricated statements based on purely hypothetical pretext, made out of political inducements" and promised that the bank will "continue with its efficient performance with due observance of internal and international regulations as before."

On the same basis, further sanctions have also been imposed by the United Nations through [[United Nations Security Council Resolution 1747|Resolution 1747]] of 29 March 2007 coinciding with the arrest by the Iranian Government of some British army personnel in the Persian Gulf.

In early 2016, following  the talks of [[P5+1]] with Iran on the [[Nuclear program of Iran]], and the resultant [[Joint Comprehensive Plan of Action]], sanctions against Bank Sepah were lifted.

==See also==
*[[Banking and Insurance in Iran]]
{{Portal-inline|Banks}}

==References==
<references/>

==External links==
{{Commons category-inline}}

{{Authority control}}

[[Category:Banks established in 1925]]
[[Category:Iranian entities subject to U.S. Department of the Treasury sanctions]]
[[Category:Government-owned banks of Iran]]
[[Category:Companies based in Tehran]]