Shahr Bank

Shahr Financial & Credit Institution was established with Central Bank authorization and shareholding by Tehran Municipality and other major-city municipalities, with capital of 1,500 billion rials. It officially began operations on 21/11/1387 (10 February 2009)—giving municipalities a new financial face.

Meeting municipalities’ need for large-scale credit, liquidity, and urban expenditure coverage—toward urban development and self-sufficiency—was the main motive for this step.