EN Bank, also known as Eghtesad Novin Bank (Persian: بانک اقتصاد نوین, Bank Eqtesad Novin, lit. "Modern Economy Bank") is the Islamic Republic of Iran's first private bank established by the offering retail, commercial and investment banking services in Iran. The company was established in 2000 as a part of the government's privatization of the banking system. While established in Tehran, the bank operates throughout the nation with 5,317 employees, 1,200 ATMs and 310 branches across the Persian Gulf Region.