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Correspondent Banks

S.W.I.F.T
SWIFT Correspondents Of The Bank Refah (Africa)

The following list includes the names and SWIFT BICs of our correspondents to whom we are connected through SWIFT and though which we do the banking services such as opening letter of credits, issuance of letter of guarantees, transfers and payment orders, issuing certificates for participating in international tenders and issuing drafts in the shortest time. We have also hold accounts with the ticked ones.

 

COUNTRY A/C NAME BIC
EGYPT     MISR IRAN DEVELOPMENT BANK, CAIRO  MIDBEGCX 
MOROCCO     WAFABANK, CASABLANCA  WAFAMAMC 
SOUTH AFRICA     STANDARD BANK OF SOUTH AFRICA LIMITED, JOHANNESBURG  SBZAZAJJ 

For more information please contact International Department of Bank Refah
Tel.:+98-21-804-2926
E-mail: international@bankrefah.ir
Address: 40, Northern Shiraz St.
MollaSadra Ave., Vanak Sq.
Tehran, Iran

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Annotation

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 owning 46% shares of the bank.


Last Updated:   11 Dec 2007
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