Iran Venezuela Bi-National Bank as the first non-governmental bi-national bank in Iran has been founded with the goal of proceeding economic programs of two countries. IVBB has been registered according to the memorandum of mutual cooperation dated Mar. 11, 2005 between representatives of both countries and the license number H/737 dated Jun. 06, 2008 of Central Bank of I.R.I. The bank has been established on Jan. 25, 2010 at the State Organization for Registration of Deeds and Properties upon number 365732 and ID number 10320162713 in Tehran.