Bank Keshavarzi

Also Known As: 

Agricultural Bank of Iran

Related Country: 

  • China
  • Russia
  • Spain


P.O. Box 14155-6395, 129 Patrice Lumumba St., Jalal-al-Ahmad Expressway, Tehran 14454, Iran
P.O. Box 14155-6395, No. 247, Patrice Lumumba St., Jalal-al-Ahmad Exp. Way, Tehran 1445994316, Iran


(+98 21) 88245010
(+98 21) 84893558
(+98 21) 81301
(+98 21) 88287070


(+98 21) 88253625


Entity Web Site:
www.agri-bank. com

Bank Keshavarzi Logo

An Iranian state-owned bank.

Overseen by a banking council comprising the Ministry of Agricultural Jihad, the Ministry of Economic Affairs and Finance, the Ministry of Industry, Mines, and Trade, the Ministry of Roads and Urban Development, and the Planning and Budget Organization.

Claims to have 1,914 branches across Iran; as of January 2021, held a total capital of nearly 210 trillion rials; offers accounts that can hold foreign currency, including U.S. dollars.

Hosts a department affiliated with the Basij Resistance Force, a paramilitary force subordinate to the Islamic Revolutionary Guard Corps (IRGC).

Affiliated companies include:

  • Agricultural Lands Development Company (Land Bank)
  • Bank Keshavarzi Securities Company (BKSC)
  • Keshavarz New Technologies Development Company
  • Mehr Currency and Exchange Services Company

In 2016, held meetings with Russian banks to discuss the establishment of correspondent relationships and a joint-venture company; in 2015, held meetings in Iran with a Chinese agricultural delegation; claimed in 2022 to be collaborating with a Spanish company on an agricultural project in Iran.

Established in 1980 through the merger of the Agricultural Cooperative Bank of Iran (ACBI) and the Agricultural Development Bank of Iran (ADBI).


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 13599, which targets entities controlled by the Government of Iran and Iranian financial institutions; also designated on October 8, 2020, pursuant to Executive Order 13902, which targets Iran's construction, mining, manufacturing, textiles, and financial sectors; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions.

Previously added to the SDN List on June 16, 2010, pursuant to the Iranian Transactions Regulations, which target entities controlled by the Government of Iran; 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.

Mentioned Suspect Entities & Suppliers: 

Date Entered: 

March 28, 2023

Date Last Modified: 

March 28, 2023