North European Bank

Also Known As: 

Onerbank ZAO
Eftekhar Bank
Honor Bank
Honorbank
Honorbank ZAO
Honor Bank in Belarus
Honor Bank Joint Venture
Oner Bank
Onerbank
Oner-Bank
Onerbank CJSC
Onerbank ZAT 
Closed Joint-Stock Company North European Bank 
CJSC N.E.B. Bank

Weapon Program: 

  • Military

Address: 

Ulitsa Klary Tsetkin 51, Minsk 220004, Belarus

Phone: 

(017) 306-06-90

Fax: 

003751730622591

E-Mail: 

infor@hbank.by

Entity Web Site: 

www.hbank.by

Belarus-based bank owned or controlled by Iranian state-owned banks; appears to have changed its primary name from Onerbank to North European Bank following the imposition of sanctions.

Has been co-owned by Bank Saderat Iran, the Export Development Bank of Iran (EDBI), and Bank Refah Kargaran, with Bank Saderat Iran holding a 37% stake, the EDBI holding a 23% stake, and Bank Refah Kargaran holding a 40% stake; Bank Toseeh Saderat Iran has also been a co-owner; current co-owners and board members are Iranian residents Zafiran Radzai Mohammad Reza Hossein (40%), a former Bank Refah Kargaran employee, Khorasani Mahmood Mohammadali (37%), a former Bank Saderat employee, and Allahbashi Mehdi Mohammad Tagi (23%).

Provides correspondent banking, currency exchange, factoring, and other banking services; Belarusian Registration No. 807000227, issued in October 2009; SWIFT code is HNRBBY2X; Belarusian Banking License No. 32, issued in May 2013.

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 13599, which targets entities controlled by the Government of Iran and Iranian financial institutions.

Previously added to the SDN list on August 3, 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.

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: 

July 13, 2011

Date Last Modified: 

December 10, 2018