A state-owned export and import bank involved in non-oil exports from Iran; has been involved in facilitating proliferation-related procurement.

According to the U.S. Department of the Treasury, has provided financial services to Iran's Ministry of Defense and Armed Forces Logistics (MODAFL) and several of its subordinate entities, and has facilitated procurement activities by front companies associated with MODAFL; also has allegedly served as an intermediary handling financing (including WMD-related payments) for Bank Sepah after that bank's designation by the United States and United Nations in 2007, and has facilitated financing for other U.S. and U.N.-sanctioned entities.

Provides financial, banking, and advisory services to Iranian exporters and their foreign clients; finances international trade, conducts correspondent banking and bank transfers, and issues lines of credit; provides lines of credit to the Syrian government for the financing of imports and project implementation; in November 2015, signed an agreement on banking cooperation with RFC Bank of Russia; in August 2015, financed the construction of an electricity transfer line between Iran and Armenia.

Reportedly finances projects in Latin America, Africa, and Asia, including cement plants in Venezuela and Syria; in August 2015, was reportedly involved in negotiations on banking cooperation with the Bank of China.

Subsidiaries include:

Banco Internacional de Desarrollo, C.A. (Venezuela) (B.I.D.)
EBDI Stock Brokerage
EDBI Exchange Brokerage (EDBI Exchange Company)

Owns 23% of Belarus-based Honor Bank; established the Iranian-Venezuelan Bi-National Bank in Tehran as a joint venture with Banco Industrial de Venezuela.

Governor and managing director is Ali Salehabadi; C.R. No. 86936 (Iran); SWIFT code is EDBIIRTH; established in 1991.

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 13224, which targets terrorists and those providing support to terrorists or acts of terrorism; 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 October 22, 2008, pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction and their delivery systems; 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 July 26, 2010 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.

Listed by the British government in 2015 as an entity of potential concern for WMD-related procurement, but removed in 2017 after the U.K. withdrew its Iran list.