Iran-Venezuela Binational Bank

established in 2010, jointly by the islamic republic of iran and venezuela, iran-venezuela bi-national bank (ivbb) is the result of an alliance between the banco industrial de venezuela and iran’s development and export bank (edbi). the main objective of ivbb is supporting joint economic, industrial and mining projects as well as speeding up the projects between iran and venezuela and latin america. fully regulated and supervised by the central bank of iran (cbi), ivbb has been active in various areas including offering financial and advisory services to individual and corporate customers. ivbb’s risk framework strictly bans the bank from entering into non-banking operations such as speculating in foreign exchange, commodities and equity markets. ivbb is a direct bank with no affiliate branch in iran. it offers its services remotely via online banking and telephone banking. it provides services through atms, mail and mobile banking platforms. ivbb is the only branch-less bank in iran