Question 1

What is Bank Sepah Germany?

Accepted Answer

Bank Sepah Germany is a non-EEA branch of Bank Sepah, Iran's oldest domestic banking institution founded in 1925. Operating in Frankfurt am Main, it provides banking services specializing in international trade finance, treasury operations, and facilitating commercial relationships between Germany and Iran. The bank is part of Bank Sepah's international network spanning multiple European countries.

Question 2

When was Bank Sepah Germany founded?

Accepted Answer

Bank Sepah Germany received its authorization from German banking authorities on November 20, 2013. However, the parent institution has operated internationally since the 1970s, having opened its first European branch in London in 1972.

The parent Bank Sepah was founded on May 4, 1925, in Tehran as "Bank Pahlavi Qoshun" (Pahlavi Army Bank). Initially established with capital of 388,395 tomans to handle military personnel's financial affairs, it expanded to serve the general public in 1926 and changed its name to Bank Sepah.

Question 3

Where is Bank Sepah Germany headquartered?

Accepted Answer

Bank Sepah Germany is headquartered in Frankfurt am Main at Hafenstrasse 54, D-60327.

Question 4

Where does Bank Sepah Germany operate?

Accepted Answer

Bank Sepah Germany operates as a single branch location in Frankfurt am Main, serving customers throughout Germany who require banking services related to Iranian trade and international commerce.

Question 5

What services does Bank Sepah Germany offer?

Accepted Answer

The bank offers specialized universal banking services including international trade financing, letters of credit processing, bank guarantees, treasury services, and syndicated loans. Its primary focus is facilitating commercial transactions and trade relationships between German businesses and Iranian counterparts.

Deposits are protected up to 100,000 EUR per depositor through the German Entschädigungseinrichtung deutscher Banken GmbH (EdB), the Deposit Guarantee Scheme for German Private Banks. The bank operates with the SWIFT code SEPBDE21XXX.

Question 6

What makes Bank Sepah Germany unique?

Accepted Answer

Bank Sepah Germany represents the German operations of Iran's first modern domestic banking institution. With the parent bank's nearly century-long history, it brings extensive expertise in Iranian banking and trade finance to the German market.

The bank occupies a specialized niche, serving customers with specific business interests in Iran and the Middle East. It is part of Bank Sepah's broader European network, which includes branches in Paris, Rome, and London.

Question 7

What type of financial institution is Bank Sepah Germany?

Accepted Answer

Bank Sepah Germany is classified as a non-EEA branch (CRDNONEEA_BRA) under European Banking Authority regulations. It operates as a foreign bank branch under German banking law, supervised by BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht), the Federal Financial Supervisory Authority.

As a branch of an Iranian state-owned institution, it provides universal banking services while maintaining full compliance with German banking standards and deposit protection requirements.

Question 8

What is the parent institution's scale and reach?

Accepted Answer

Bank Sepah is one of Iran's largest banking institutions, operating approximately 3,800 branches domestically with around 2,581 ATMs across Iran. The bank's international presence extends to Germany, France, Italy, and the United Kingdom, serving both retail and corporate customers with a focus on international trade and treasury services.

Bank Sepah Germany

in Germany 🇩🇪

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About Bank Sepah Germany in Germany