Sina Bank

Also Known As: 

Banque Sina
Bonyad Finance and Credit Company
BFCC
Sina Finance and Credit Company
SFCC

Weapon Program: 

  • Military

Address: 

- 187, Avenue Motahari, Teheran, Iran
- No. 187, Motahhari Avenue, Tehran, 15875-3949, IR Iran

Phone: 

(+98 21) 88532434-7, (+9821) 88557595

E-Mail: 

info@sinabank.ir

Entity Web Site: 

www.sinabank.ir

An Iranian bank with more than 250 branches in Iran.

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; E.U. sanctions annulled in 2014 following a judgment by the E.U. General Court; relisted by the European Union on November 7, 2014; removed from the E.U. list in January 2016 as part of the Joint Comprehensive Plan of Action.

Sanctioned by the Australian government in August 2010 as an entity contributing to Iran's proliferation activities, prohibiting Australian parties from conducting business with or transferring funds to the entity without prior approval; designated (with a pursuant assert freeze and termination of correspondent banking relationships) by the Japanese government in 2010 as an entity that could contribute to Iran's nuclear activities; designated by the U.S. Department of the Treasury in 2010 as an Iran-based bank that is owned or controlled by the Government of Iran; removed from the U.S. Department of the Treasury’s Specially Designated Nationals (SDN) list as part of the Joint Comprehensive Plan of Action, but identified as part of the Government of Iran, prohibiting transactions with U.S. parties.

Main shareholder is the Mostaz'afan Foundation; management board members include Dr. Abdolnaser Hemmati (Managing Director and CEO), Dr. Mohammad Mokhber (Chairman), Dr. H. R. Fartook Zadeh, Dr. S. Mohammad Badr Tale'e, and Dr. Iraj Akbariea; other company officials include Mohammad Ali Izadi, Masoud Pashmchi, M. J. Pooya Nasab, Ali Reza Taghdiri and Hosain Farzan; related companies include Tose Sina Co. and Sina Yaran Co.; formerly known as Bonyad Finance and Credit Company (BFCC); renamed Sina Finance and Credit Company (SFCC) in 2007; began operating under the name Sina Bank in 2009; SWIFT Code SINAIRTH; alternate SWIFT Code SINAIRTH418; founded in 1985.

Mentioned Suspect Entities & Suppliers: 

Date Entered: 

January 3, 2011

Date Last Modified: 

January 16, 2016