Global Business in Iran Database

In-depth metrics and analysis of Iran's international economic partnerships.

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Iran and Venezuela Found Joint Tehran-Based Bank


Iran and Venezuela inaugurated a joint banking venture in Tehran on August 3, 2009 with a $100 million invetsment by each state. The project, whose financial backing is scheduled to increase to $1.2 billion, is intended to finance joint development projects. It is overseen by Bank Saderat Iran.






  • Current Status:
  • Discussion Date:
  • Contract Date: Thu, 2008-06-19
  • Completion Date: Fri, 2009-04-03


1. "Iran, Venezuela to Launch Joint Bank." Fars News Agency. June 19, 2008. Available at

2. "Iran, Venezuela launch joint development bank," Associated Foreign Press, April 3, 2009, available at:

3. "Iran-Venezuela launch bank," Gulf Daily News, April 4, 2009. Available:

All projects by Iran-Venezuela Joint Bank