According to the approval made by the Extraordinary General Assembly of the Banks on July 10, 1991, Export Development Bank of Iran was founded on November 24, 1991 under registration number 86936 as a governmental bank. It operates in compliance with the international standards comprehensively under the surveillance of the Bank's regulator, i.e. Central Bank of the Islamic Republic of Iran (CBI) and plays a leading role in providing financial facilities as well as other banking and advisory services to Iranian exporters and their foreign counterparts and clients.