North European Bank

Status:
Medium Alert – Entity sanctioned in the past for terror, WMD and human rights violation

Info:
Belarus-based bank owned or controlled by Iranian state-owned banks;

Appears to have changed its primary name from Onerbank to North European Bank following the imposition of sanctions;

Has been co-owned by Bank Saderat Iran, the Export Development Bank of Iran (EDBI), and Bank Refah Kargaran, with Bank Saderat Iran holding a 37% stake, the EDBI holding a 23% stake, and Bank Refah Kargaran holding a 40% stake;

Bank Toseeh Saderat Iran has also been a co-owner;

Current co-owners and board members are Iranian residents Zafiran Radzai Mohammad Reza Hossein (40%), a former Bank Refah Kargaran employee, Khorasani Mahmood Mohammadali (37%), a former Bank Saderat employee, and Allahbashi Mehdi Mohammad Tagi (23%);

Also Known As:
Onerbank ZAO
Eftekhar Bank
Honor Bank
Honorbank
Honorbank ZAO
honor Bank in Belarus
Honor Bank Joint Venture
Oner Bank
Onerbank
oner-Bank
Onerbank CJSC
Onerbank ZAT
Closed Joint-Stock Company
North European Bank
CJSC N.E.B. bank

Involved In:
Missile Weapon Program

Country:
Belarus

Address:
Ulitsa Klary Tsetkin 51, Minsk 220004, Belarus

Phone:
(017) 306-06-90

Website:
www.hbank.by

E-Mail:
[email protected]

Person of interests:
Zafiran Radzai Mohammad Reza Hossein;
Khorasani Mahmood Mohammadali;
Allahbashi Mehdi Mohammad Tagi

Reason for the color:
» Listed by the European Union on May 23, 2011 as an entity linked to Iran’s proliferation-sensitive nuclear activites or Iran’s development of nuclear weapon delivery systems;
» Removed from the E.U. list in January 2016 as part of the Joint Comprehensive Plan of action;
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on August 3, 2010;
» Removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action, but identified as a part of the Government of Iran, prohibiting transactions with U.S. parties;

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