General Information
Bank Refah in a
glance
Bank Refah was founded in June 1960,
in accordance with Note 39 of the previous year’s Budget
Law, with the aim of providing welfare and facilities in
order to meet the workers’ needs. Its initial investment
of 400 million I.R.R. was designated by Social Security
Organization. In 1979, following the bill on
administration of banking affairs and nationalization of
the banks, Bank Refah was considered as a commercial
bank and in July 1993, it was being supported by S.S.O,
while maintaining its legal and financial entity.
Introduction to
Bank Refah
With over 42 years of experience as
one of the active commercial banks in Iran in extending
banking services, while enjoying the young human forces
of 9910 in over 1324 branches all over the country, Bank
Refah aims to provide different types of banking
services to satisfy the needs of its clients from all
walks of life.
Bank's Equity and
Capital
- Bank Refah starts its operation in
1960, with the initial investment of 400 million I.R.R.
being designated by Social Security Organization.
- According to the Bank's
Nationalization Act, 10 billion Iranian Rials of Social
Security Organization had been allocated to the
government.
- in 1992, by revaluating Bank's
assets, its total assets had been increased by 44.940
million rials and according to article 44 of Banks'
Supreme Council, it became dependent to Social Security
Organization, while maintaining its independent legal
entity.
- in 1997, the members of Bank's
General Assembly has been changed and the Bank's capital
had been divided of the state capital, so that 40.060
million rials of the cash contribution of Social
Security Organization had been returned and its total
assets was decreased to 95 billion Iranian rials, among
which 2.42% belonged to Social Security Organization and
8.57% belonged to the government of Islamic Republic of
Iran.
- in 2000, Bank's extra general
assembly approved the increase of Bank's capital to 1691
Iranian Rials, first by 500 billion Iranian rials and
then by 300 billion rials, provided on the priority of
the government. By the end of 2001, the share of Social
Security Organization was 93.85% and the share of the
government was 6.15%. therefore, Social Security
Organization was considered as the main shareholder of
Bank Refah.
Operations and
Activities
Bank Refah is authorized to
undertake all Islamic-banking operations and services as
follows:
- Opening different kinds of
current, saving, and time deposit accounts in rials and
other valid foreign currencies
- Allocating credit facilities in
domestic and foreign currencies in different sectors of
industry, agriculture, commercial services, housing and
construction and export, … .
- Issuing different types of letters
of guarantee in rials and other valid foreign
currencies.
- Providing services of domestic and
foreign project financing
- Providing services of foreign
exchange business card
- Providing new services of
Intelligent Leasing Box
- Providing services of stock
exchange and … .
Special Services
- Extending different types of
banking services to Social Security Organization and its
subsidiaries which shadowed over 26 million people all
over the country
- Providing credit facilities for
over 100 manufacturing institutions affiliated to Social
Security Organization
- Providing banking services to
Ministry of Health, Medical Universities, Hospitals and
Clinics, University Professors and Students, Physicians,
Iran Pasteur Institute, Medical Service Organization,
Red Crescent Society, Iran Blood Transfusion
Organization, Health Insurance Organization and
Drugstores
- Providing banking services to
Ministry of Labor and Social Affairs and its
subsidiaries
- Project financing of publication
Industry
- Providing banking services in
Tehran International Book Fair held annually
Bank Refah Aims and Policies
1. Being bound to principles of
Islamic banking (usury- free) as well as attempting to
trust and be trusted to the people of all walks of life
2. Promoting Bank’s position as
an independent economical institute in compliance with
the country's material and ethereal promotion
3. Attempting to gain continuous
improvement in the quality of Bank's services towards
clients' satisfaction
4. Respecting humane eminence of
Bank's staff, considered as the most valuable capital,
and being obliged to meritocracy and improvement in the
staff's living standards
Moral charter of
Bank Refah
* Sympathizing with the clients
* Abiding to keep the clients'
confidential information
* Paying attention to the branch
neat and clean
* Communicating with the colleagues
in a friendly manner
* Observing the justice and equity
in presenting banking services to different clients.
* Being polite and courteous to the
clients
* Having Synergy and keenness in
presenting services to the clients
* Considering service providing as
an opportunity to do good deeds
* Performing the tasks carefully and
quickly to avoid wasting time of clients'
* Being responsible and synergic in
presenting banking services to clients
* Being initiator in welcoming the
clients
Number of Staffs
at the end of 2000
|
|
Female |
Male |
|
Number of Staffs |
2192 |
7577 |
|
Number of staffs without
Diploma |
632 |
|
Number of Staffs with
Diploma |
4592 |
|
Number of Staffs with BA and
MA |
4545 |
Number of Bank’s
Units
|
Number of Regional
Supervisory units |
Number of Head Offices |
Number of Provincial Branch
Offices |
Number of Branches |
|
4 |
23 |
35 |
1106 |
Bank Refah Fiscal
Year
Bank Refah fiscal year begin at the
1st Farvardin (20th March) up to the end of 29th Esfand
(20th March next year).
The
address of Bank Refah Head Offices
No. 40, North Shiraz St., Molla Sadra Ave., Vanak Sq.,
Tehran
No. 125, Mofateh cross road, Taleghani Ave., Tehran
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Pardis Building
40, Northern Shirazi St.,
MollaSadra Ave.,
Vanak Sq.,
Tehran, Iran |
Shahid Mofatteh Building
125, Moffateh Crossroad,
Talleghani Ave.,
Tehran, Iran
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Building of
Construction Department
Near to Shariati Cross,
Talleghani Ave.,
Tehran, Iran
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Building of
Educational & Training
Department
Shahid Karimi alley, Opposite
Lalezarno St.,
Enghelab Ave.,
Tehran, Iran
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