Europaisch-Iranische Handelsbank AG

Also Known As: 

eihbank
EIH Bank
Europaeisch-Iranische Handelsbank AG
Deutsch-Iranische Handelsbank AG
Europaesch-Iranische Handelsbank Aktiengesellschaft
Europaeasche - Iranische(Ger) Handels Bank AG
Europaeische - Iranische (Ger) Handelsbank AG
Europaisch Iranish Handels Bank (EIH)
Europe-Iran Commercial Bank
Iran-Europe Commercial Bank
IECB
European-Iranian Trade Bank AG
German-Iranian Trade Bank

Weapon Program: 

  • Military

Related Country: 

  • Germany

Address: 

- Representative Office, 23 Argentine Square, Beihaghi Bulvard, P.O. Box 15815/1787, Tehran 15148
- Depenau 2, D-20095 Hamburg
- P.O. Box 10 13 04 D-20008 Hamburg
- 1655/1 Valiasr Avenue, (Upper Chamran, Firoozeh Tower), Tehran 19656 43511, I. R. of IRAN
- P.O. Box 19815/851, Tehran, I. R. of IRAN
- No. 25, Tandis St., Africa Ave. (ex Jordan), Tehran 19156, Iran
- P.O. Box 19156
- P.O. Box 15815/1787, Tehran, Iran
- Sanaee Avenue, Kish Island 79415, I. R. of IRAN
- PO Box 79415-1836, Sanaee Avenue, Kish Island, Iran

Phone: 

+49 40 32109 0, +98 21 26203020, +98 (0) 21 26203020-7, +98 21 - 22 05 72 71-3

Fax: 

+49 40 32109 890, +98 21 26203029, +98 (0) 21 22041371

E-Mail: 

info@eihbank.de
eih@eihtehran.com
tro@eihbank.ir
info@eihkish.com

Entity Web Site: 

www.eihbank.de
www.eihbank.com
www.eihbank.ir

German bank focusing on international business with Iran; has facilitated billions of dollars in transactions on behalf of sanctioned Iranian banks and Iranian proliferators.

In 2007 and in 2009, in cooperation with Bank Mellat, facilitated over $500,000 in transactions between a weapons exporter and a subsidiary of Iran Electronics Industries (IEI), according to the U.S. Treasury Department; provides financial services to Bank MellatPersia International Bank, the Export Development Bank of Iran (EDBI), and Post Bank of Iran; with EDBI, helped Iran purchase more than $3 million in material for its missile program beginning in late 2007; reportedly conducted Euro-denominated transactions on behalf of Bank Sepah as part of a 2009 sanctions-evasion scheme; named by the U.S. Treasury Department's Financial Crimes Enforcement Network as an Iranian institution with which transactions pose a money laundering threat; reportedly has done over a billion dollars of business for Iranian companies associated with Iran's conventional military and ballistic missile procurement programs, including Defense Industries Organization (DIO)Aerospace Industries Organization (AIO), and the Islamic Revolutionary Guard Corps (IRGC).

Services include letters of credit, payment processing, and assistance in Iran-related export and import transactions; Hamburg Head Office S.W.I.F.T. Code is EIHBDEHH; Hamburg Head Office Bank Code is 203 103 00; Kish Island Branch S.W.I.F.T. Code is EIHBIRTHKSH; Tehran Branch S.W.I.F.T. Code is EIHBIRTHTEH; Registration Number is HRB 14604 (Germany).

Chairman is Siavosh Naghshineh; Supervisory Board members have included: Mohammad-Reza Pishrow, Ghorban Daniali, Ali Divandari, Mohammad Reza Saroukhani, Majidreza Davari, Ahmad Hatami Yazd, and Gholamreza Zalpour; shareholders include Bank of Industry and MineBank Mellat, and Bank Tejarat; has served as a correspondent bank of Bank Mellat's Seoul Branch; other correspondent banks include EDBI and Bank Saderat Iran.

Established in 1971 as Deutsch-Iranische Handelsbank AG.

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 added to the SDN list on September 7, 2010, 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 May 23, 2011 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: 

November 1, 2010

Date Last Modified: 

December 10, 2018