Improving the Role of Eximbanks/ECAs in the OIC Member States
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Iran
Export Development Bank of Iran
Name of Entity: Export Development Bank of Iran
Status: Full Government Ownership
(100%)
Corporate Form: State-owned Company
Year of Establishment:
1991
Capital: USD 1.686 billion Size of staff: 1,905
Financial outturn: USD 21.5 million Assets: USD 5.237 billion
Product Offerings
Financing
 Buyer’s Credit: Credit provided to foreign buyers of Iranian goods and services in order to
support exporters.
 Credit Line: Lines of credit provided to foreign banks to finance the purchase of Iranian
goods and services and to promote banking relations with foreign banks.
 Supplier's Credit: Credit provided by exporters to foreign buyers to finance the purchase of
Iranian goods and services.
 Financing Investment Schemes: Financing support provided to Iranian Investors for
investing abroad.
 Working Capital scheme: Working capital provided to Iranian exporters under a pre-
shipment export financing scheme for purchase of machineries, equipment, raw material
and to engage in production, packaging, transportation and re-export.
 Import Financing Scheme under Resources Granted by Foreign Banks: Through financing
and refinancing arrangements with foreign banks, Iranian buyers are able to import raw
materials, intermediary and capital goods.
Guarantee: None
Bonding Facilities
 Tender Guarantee (BID BOND): Prevents the applicant from refusing to accept the
awarded contract.
 Performance Guarantee: To ensure goods and services are delivered on time regardless of
whether the contract is properly performed or not.
 Advance Payment Guarantee: To ensure an advance payment is used by the beneficiary in
accordance with the terms of contract signed between the two parties.
Insurance: None
Advisory and Other Services: None
Islamic Finance Instruments: None
Business Volumes:
2010 2011 2012
USD Mn 2,834 2,220 2,205
Source: Annual Report
Top Exports / Export Markets:
Products Exported (2013)
HS
Code Description
Value (USD
Mn) %
27 Oil & Gas 49,396 78.2%
28-38 Chemicals 4,310 6.8%
25-27
Other
Minerals 3,202 5.1%
Others 6,248 9.9%
Total 63,157 100.0%
Source: UN Comtrade
Top 3 Destinations (2013)
Order Country Value (USD %