▁years ▁later ▁in ▁ 1 9 8 8 , ▁then ▁CE O ▁of ▁the ▁bank , ▁Moh amm ad ▁H os sein ▁Kaz emi ▁N amin , ▁purchased ▁the ▁first ▁Personal ▁Computer ▁for ▁the ▁bank . ▁He ▁then ▁h ired ▁a ▁group ▁of ▁IT ▁profession als ▁and ▁re - est ab lished ▁the ▁data ▁processing ▁division . ▁A ▁year ▁later , ▁he ▁made ▁a ▁significant ▁invest ment ▁and ▁purchased ▁an ▁IBM ▁ 4 3 8 1 ▁Main frame ▁computer ▁from ▁the ▁United ▁Kingdom . ▁Since ▁then , ▁the ▁bank ' s ▁IT ▁division ▁has ▁purchased , ▁developed ▁and ▁implemented ▁several ▁small ▁and ▁large ▁computers ▁and ▁software ▁packages . ▁However , ▁despite ▁the ▁efforts , ▁its ▁IT ▁infrastr ucture ▁and ▁systems ▁are ▁well ▁behind ▁modern ▁western ▁and ▁regional ▁banks . ▁L ack ▁of ▁sk illed ▁IT ▁resources , ▁un av ail ability ▁of ▁high ▁speed ▁data ▁lines , ▁ins u fficient ▁invest ment , ▁poor ▁IT ▁leadership ▁and ▁foreign ▁san ctions ▁have ▁contributed ▁to ▁the ▁slow ▁progress ▁of ▁data ▁processing ▁in ▁the ▁Iran ian ▁banks ▁and ▁Bank ▁Ref ah ▁hasn ' t ▁been ▁an ▁exception . ▁ ▁In ▁the ▁spring ▁of ▁ 2 0 0 7 , ▁Bank ▁Ref ah ▁opened ▁its ▁first ▁un mann ed ▁branch ▁in ▁Te h ran ▁with ▁two ▁AT M ' s ▁and ▁four ▁information ▁k ios ks . ▁This ▁bank ▁branch ▁is ▁located ▁at ▁Gal o ob and ak ▁in ▁the ▁vic inity ▁of ▁Te h ran ' s ▁Grand ▁B az aar . ▁ ▁Bank ▁Ref ah