Iran Venezuela Bi-National Bank is one of the international development and financial
institutions and also one of the nongovernmental banks of the banking system in
Islamic Republic of Iran. It has been established with the goal of rendering
banking services according to the potent islamic banking system in Iran and handling
modern international banking activities in other countries, according to memorandum
of mutual cooperation dated Mar. 11, 2005 between representatives of both countries
and bill of cooperation between two governments of Iran and Venezuela
(approved Apr. 19, 2005 by Iranian Islamic Consultative Assembly) and
the law of supplement one of waver of the general policies of norm 44
of Constitution (approved on May. 25, 2010 by Iranian Islamic Consultative Assembly)
and the license number H/737 dated Jun. 06, 2008 of Central Bank of I.R.I.
The bank has been registered on Jan. 25, 2010 at the State Organization for
Registration of Deeds and Properties Company Registration upon number 365732 and ID
number 10320162713 in Tehran. Meanwhile, the Articles of Association of Iran Venezuela
Bi-National Bank has been prepared pursuant to the agreement signed by the authorities of both countries.
Iran Venezuela Bi-National Bank as a financial entity with international identity has targeted South America
as a strategic zone along with the foreign political programs of I.R.I beyond the boundaries of Bolivarian
Republic of Venezuela in order to provide opportunities for the investors, exporters, businessmen and
specialized human resources of the country in this zone. IVBB not only can expand the financial
activities in international zones and develop the commercial relations among countries which hold
stocks of IVBB, but is beneficial in investment, entrepreneurship and technical knowledge transfer
between two investor countries.