The financial and credit institution of the shahr was established with the permission of the Central Bank and with the participation of the municipalities of Tehran and other metropolises of the country, with a capital equivalent to one thousand five hundred billion Rials and officially started its activity on 11/21/87. Took on a new face.
Meeting the need of municipalities for large credits, providing liquidity and capital, and covering the costs and expenses of the city in order to achieve urban development and experience self-sufficiency were the main motivations to take this big step.