• 23 July 2017 - 08:56
  • News Code: 72649
بانک

According to the latest statistics released by Iran’s Central Bank, there are currently 23,300 branches of different banks and credit institutions operating in Iran’s economic sector. That means there is one branch for every 34,000 Iranians.

The number of active branches and their distribution has always been a matter of debate among banking experts. Given the rapid growth of electronic banking in recent years and the Central Bank’s policy to reduce the physical branches, the issue has received significant attention.  

The question raised by observers regarding the high number of branches is whether the figures comply with the real demands of the monetary and financial sectors of the economy.

Some argue that the abundance has been a major obstacle to economic growth and that there must be restrictions on the banks for developing their branches.

Proponents, however, contend that such limitations are unjustifiable and run counter to the principle of creating a desirable business environment. They argue that it should be left to the banks to decide on the matter based on their capital, policies, profit making and marketing.  

Despite the criticism, experts say a comparison with other countries indicates that Iran’s status in this regard is a relatively acceptable one. The figure in France, for instance, is 37.5 branches for each 100,000 people. But in some countries the average is lower compared to that of Iran: every 100,000 people in Saudi Arabia have 8.8 branches and the numbers in Singapore and Turkey are 10 and 19.8 respectively.

Based on Central Bank figures, the following are the numbers of branches each bank and institution holds across the country. As shown in the table below, Bank Melli stands at the top with 3,348 branches, followed by Bank Saderat and Bank Tejarat.

Bank/ Credit Institution

Branches

Melli

3348

Saderat

3016

Tejarat

2144

Keshavarzi (Agriculture)

1973

Sepah

1820

Mellat

1577

Maskan (Housing)

1272

Refah Kargaran

1061

Ghavamin

756

Ansar

634

Mehr-e-Iran

545

Tose’h-e-Taavon

434

Post Bank

422

Kowsar

351

Shahr (City Bank)

347

Iran Zamin

339

Noor

336

Pasargad

330

Melal

320

Parsian

305

Eghtesad-e-Novin

283

Sina

249

Resalat

211

Hekmat-e-Iranian

205

Ayandeh

165

Saman

139

Sarmayeh

119

Karafarin

108

Gardeshgari (Tourism Bank)

87

Dey

80

Caspian

80

Sanat-o-Madan (Industry and Mine)

62

Tose’h

49

Tose’h Saderat

41

Middle East Bank

16

Iran-Europe

2

Iran-Venezuela

1

Standard Charter

1

Islamic Cooperation

1

Future Bank

1

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