Change of the Chairman of the board

Our CEO, Mr. Siavosh Naghshineh, resigned from the board after more than 14 years of service to our Bank, with effect from 31 July 2016, due to retirement.

We thank Mr. Naghshineh for his dedication and his outstanding performance during this time. In particular his commitment to avert possible damage from the bank when the political sanctions had hit the Iran business shall be appreciated at this point.

As his successor, Dr. Ramin Pashaee Fam was ordered, who has already acted as a board member for eihbank for some years and is well acquainted with the structure and corporate culture of this bank.

Previously Dr. Pashaee Fam had acted in various management positions and as board member at designated institutions of the Iranian financial sector.