Bank of Industry and Mine

Also Known As: 

Bank Sanat Va Madan
Bank Sanad Va Madan
Bank Sanat-O-Madan
Bank Sanat o Madan
Bank of Industry and Mine (Of Iran)
Bank of Industry & Mine
BIM

Weapon Program: 

  • Military

Address: 

- Hafez Avenue, P.O. Box 11365/4978, Tehran, Iran
- PO Box 15875-4456, Firouzeh Tower, No 1655 Vali-Asr Ave after Chamran Crossroads, Tehran 1965643511, Iran
- No. 491, Opposite to Saman Building, past of Shahid Beheshti Crossroad, Imam Khomeyni St.

Phone: 

+98 21 22029811-19, 22029837

Fax: 

+98 21 22029894, 0451-7724202

E-Mail: 

info@bim.ir

Entity Web Site: 

w3e.bim.ir

A state-owned development bank that provides financing for industrial and mining projects in Iran.

Facilitated transactions that enabled several Iranian banks, including Bank MellatBank Saderat Iran, and Europaeisch-Iranische Handelsbank (EIH Bank) to circumvent international sanctions by concealing their involvement in payments; holds a majority equity stake in EIH Bank; has provided financing to Iran Khodro Company and Kavian Petrochemical, a subsidiary of National Petrochemical Company.

Chairman is Ali-Ashraf Afkhami; Board of directors has included Mohammad Reza Pishrow, Ghorban Danialy, Afshin Roghani, Gholam Abbas Nematollahi, and Mohammad Shahrabi Farahani; SWIFT code is BOIMIRTH; registration number is 38705 (Iran); established in 1979.

Sanctions

As part of the re-imposition of U.S. sanctions on Iran, added on November 5, 2018 to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction and their delivery systems; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions. also designated pursuant to Executive Order 13599 and subject to the Iranian Financial Sanctions Regulations; foreign financial institutions facilitating transactions for the entity may be prohibited from opening or maintaining correspondent or payable-through accounts in the United States.

Previously appeared on the SDN list, pursuant to Executive Order 13382; removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action, but identified as a part of the Government of Iran, prohibiting transactions with U.S. parties.

Listed by the European Union on October 16, 2012 as an entity linked to Iran's proliferation-sensitive nuclear activities or Iran's development of nuclear weapon delivery systems; removed from the E.U. list in January 2016 as part of the Joint Comprehensive Plan of Action.

Mentioned Suspect Entities & Suppliers: 

Date Entered: 

September 1, 2011

Date Last Modified: 

December 10, 2018