Export Development Bank of Iran

The bank functions as Iran's primary export credit agency, tasked with expanding non-oil exports by providing financing, guarantees, and trade facilities to domestic exporters. Its operating charter aligns with the state's economic diversification goals, focusing on directed credit to prioritized export sectors. It is not a typical commercial deposit-taking institution but a specialized policy bank.

Yes, the bank is fully state-owned and operates under the purview of Iran's Ministry of Economic Affairs and Finance. Its lending decisions and credit allocation are driven by national economic policy rather than independent commercial mandates. Its governance reflects its role as a sovereign instrument for trade promotion.

The bank's funding sources include state capital allocations, deposits from public-sector entities, and lines of credit from the Central Bank of Iran and sovereign wealth mechanisms. It also accesses bilateral trade finance lines established under government-to-government agreements, which are then on-lent to qualifying Iranian exporters.

Financing is directed toward non-oil sectors targeted for export growth, including petrochemical products, industrial goods, steel, minerals, and technical engineering services. Sector priorities are defined by the government's annual export promotion agendas and trade corridor strategies. The bank explicitly excludes financing for purely speculative or non-export-oriented ventures.

The bank's international operations are limited to correspondent banking relationships and trade finance facilities tied to Iran's key trading partners in Asia and the Middle East. It does not maintain a network of overseas branches but facilitates cross-border export transactions through guarantees and documentary credits. These relationships are subject to international sanctions regulations.