of these contracts and related practices are outlined in the Iranian Interest-Free banking law and its guidelines. In July 2007 the bank launched a new banking service named "Gold Coins Deposit Account". Through this new service, Bank Refah's customers can deposit their gold coins into a special deposit account and in return receive points, which they can then redeem against future loans and credits. The launch of this unique deposit account, which received high publicity in the Iranian media, was marked by a presidential speech by the Iranian president Mahmoud Ahmadinejad. The bank's CEO Peyman Nouri announced in March 2007 that his bank has been authorized by the Central Bank of Iran to issue international credit cards. Financial numbers June 16, 2010 ($1 UD is approximately 10,400 [Iranian Rial](Rls) ): Total assets = Rls 41,453 billion Capitalization = Rls 895 billion Total income = Rls 1,614 billion Total loans = Rls 29,441 billion Total deposits (short and long term) = Rls 25,719 billion Number of branches = 1128 Number of employees = 9570 Market share = 6.8% of total deposits and 5% of total loans Current CEO and directors Dr.Esmaeel Lalegani , CEO Farshid Farokhnejad Nejat Amini Ali Sarzaeim Hamidreza Fathi Beiranvand Previous CEOs Mohammad Ali Sahmani Ali Sedghi Jafar Safaei Mazid Esmaeel lalehgani MohammadJavad MohagheghNia Farshid FarokhNegad Significant buildings Valiasr Building — 2584 Valiasr Ave, Tehran Pardis Building — 40 Shiraz Shomali, Tehran Payment Received controversial CEO In June 2016 CEO of the bank's earnings news release (Ali Sidqi) by a news site about the rights and benefits administrators led to frequent controversy and debate. Information technology Bank Refah established its first Data Processing department in early 1970s. The Data Processing department was equipped with a small IBM 370 Mainframe computer, which was mainly used for batch processing of deposit and mortgage accounts. The bank's IT department was later dissolved in 1976 and its staff were moved to the IT division of the Iranian Social Security Organization (ISSO). At the time Electronic Data Systems (EDS) was developing a social security application for ISSO and was also managing ISSO's data center. After the Iranian Revolution in 1978, the agreement with ISSO (and EDS) was terminated. Bank Refah stopped using ISSO data center and reverted to manual processing. All business units and bank branches were instructed to set up paper-based customer and account ledgers. A few years later in 1988, then