[Translator’s notes appear in square brackets.]

[Personal information has been redacted.]

[The excerpt below is from the section of the article that pertains to the Baha’i Faith]


[Newspaper:] Donyaye Iran

[Date:] 24 Farvardin 1359 [13 April 1980]

[Issue No.:] 21

[Page:] 4


The Name Change of “Bank of Saderat” in the Provinces

The provincial branches of the largest nationalized bank in Iran, the Bank of Saderat, which has even more branches and representatives in Tehran [and] other cities, villages and foreign countries than the Melli Bank, will be called the “Provincial Bank”. The relevant law was passed by the Revolutionary Council. The capital of the Provincial Bank would be the cash and assets of the Bank of Saderat in provinces and will function, exclusively, in the provinces.

The Saderat Bank, which recently merged with several other banks, and was called the Mellat Bank, has always been the only bank in the country which did not have armed security for its branches in Tehran and other cities, and thus was frequently targeted by armed robbers.  Thirty percent of the shares of this bank belongs to its employees. It was the first bank which was attacked by people in 1356 and 1357 [1977 and 1978], and in addition to [having the glass in the doors of some of its branches broken,] some of its buildings were set on fire. The reason [for this is] that the main shareholder of this bank is Hojabr Yazdani, the shepherd from Sangsar. The opposition to Hojabr Yazdani was because of his being a Baha’i. The Bank of Saderat even has branches in the villages and abroad, such as in West Berlin, Los Angeles and San Francisco, in addition to the [Persian Gulf] sheikhdoms.