Bank Keshavarzi

Bank Keshavarzi also known as "Agriculture Bank of Iran", is the first financial institution specialized in agriculture in Iran and a major state-owned Iranian banking enterprise. It was founded on June 11, 1933 and its corporate headquarters is located in Tehran, Iran. The institution, decades later called The Agricultural Cooperative Bank of Iran, grew gradually providing funds for small and medium-scale agricultural activities in villages nationwide. In 1969, another organization under the name of Agricultural Development Bank of Iran was founded in order to finance the large scale development projects in the agricultural sector. After Iran's 1979 revolution, based on the "Banking Nationalization Law", the two afore-mentioned banks were merged to form "Bank Keshavarzi of Iran". The bank has four strategic business units: Personal and Small Business Banking, Commercial Banking, Investment and, Finance & Insurance. Bank Keshavarzi participates as the only specialized financial institution in Iran rendering quality banking services to the rural areas, granting credit facilities and low-interest loans to agriculture development projects, research and sustainability. Its contribution to the country's agriculture sector is over 70% measured and declared by Central Bank of Iran. Its banking network serves over 20 million clients and has a total of 1800 branches with over employees nationwide. It's the only financial institution in Iran implements Tata Consultancy Services Core Banking system "TCS BaNCS". This platform initially has installed on December 2004 under the name of Australia-based Financial Network Services (FNS) core banking software which later, on October 2005, acquired by the Indian giant Tata Consultancy Services (TCS).