The bank was established in London in 1973 in the name of Iran Overseas Investment Bank Limited (IOIB) as an authorised institution and was accordingly subject to the regulatory framework of the Bank of England. It was originally a consortium bank, which invested surplus Iranian oil monies in Western economies. At that time the share ownership was 50% Iranian, with the remaining 50% equally distributed between eight International banks.... Read More

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Registered under the Data Protection Act.

Company registration number 1126618