The company was established in 2000 as a part of the government's privatization of the banking system.

[1] 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.

[3] However, it was taken down from Tehran Stock Exchange late 2015 as it was fully privatized by the Eghtesad Family.

[5] EN Bank operates in Iran and many other Middle Eastern countries.

In addition to retail, corporate, international, and commercial banking, the company offers savings and current accounts, loans, cards, and safe deposit boxes; merchant, cash management, and financing services; Internet, telephone, mobile, and SMS banking; and foreign exchange, currency accounts, trade finance, fund transfer, and wire services.