Bank Tejarat
is the fourth largest
bank in Iran by
assets and specializes in trade,
finance and corporate business.
It is not as large as Bank Melli,
Iran's largest bank by far, but it
is a far leaner and more effi cient
bank whether judged by return
on equity, return on assets, or
on its cost to income ratio. The
main banks in Iran are highly
specialized. Bank Tejarat's
focus on trade and on business
means that it is prominent in
many of the biggest deals in the
country. Bank Tejarat was the
most active of Iran's domestic
banks in the key syndicated
loan deals over the past year.
BNP Paribas wins the award for
best debt house in Iran for its
involvement in nearly half of all
the project fi nance deals in the
country. Deutsche Bank acted
as mandated arranger on four
of the biggest deals, the same
number as BNP Paribas, but the
French bank's involvement in a
further two shows the strength of
its franchise in the country.
In 2002, BNP Paribas was joint
bookrunner with Commerzbank
on the Islamic Republic's debut
Eurobond and although there
is no award for best M&A
house in Iran this year, the
fact that BNP Paribas is the
adviser to the government on its
telecoms privatization program
again shows the depth of the
bank's relationship with the
government, the biggest player
in the economy.
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