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Subsidiaries

In addition to administering a comprehensive array of commercial banking services, MEB will cater to and meet other financial, monetary, and investment needs, either directly or indirectly, through the creation of suitable subsidiaries or associate companies. All subsidiary companies shall operate in compliance with the laws and regulations of Iran, the Central Bank, and the Securities and Exchange Organization. The following is a list of subsidiaries or affiliates that have been or will be established by MEB: