 | |
 | |
| Company type | Public |
|---|---|
| TSE: BMLT1 | |
| ISIN | IRO1BMLT0007 |
| Industry | Banking Financial services Insurance |
| Predecessor | |
| Founded | July 22, 1980; 43 years ago |
| Headquarters | 327 Takhte Jamshid (Taleqani) St, Tehran, Iran |
Area served | Worldwide |
Key people | Farshid Farrokhnejad (CEO) |
| Products | Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management, credit cards, |
| Revenue | US$6.761 billion (2016)[1] |
| Total assets | US$ 280 billion (2023)[2] |
| Owner | Government of Islamic Republic of Iran (%16.99)
Atieh Mellat Fund (%6.44) Saba Tamin Investment Co. (%5.57) |
Number of employees | 19,876 (2019) |
| Subsidiaries | Mellat Investment Bank, Persia International Bank |
| Website | en |
Bank Mellat (Persian: بانک ملت, Bank Milât, lit. People's Bank) is a private Iranian bank. Its name means "Bank of the Nation". Bank Mellat was established in 1980, with a paid capital of Rials 33.5 billion as a merger of ten pre-revolution private banks, comprising Tehran, Dariush, Pars, Etebarat Taavoni & Tozie, Iran & Arab, Bein-al-melalie-Iran, Omran, Bimeh Iran, Tejarat Khareji Iran and Farhangian.
The bank's capital amounted[when?] to Rls 13,100 billion and it was one of the largest commercial banks in the Islamic Republic of Iran, ranking among the top 1000 banks of the world.[citation needed]
In 2007 the Iranian government started the process of privatising the bank as part of a policy of selling 80% of state-owned stakes in banking, media, transportation and mining companies.[3]
The Bank Mellat London branch was merged with the Bank Tejarat branch to form Persia International Bank PLC.
- ^ "Top 100 Iranian Companies". Archived from the original on 2018-06-12.
- ^ "Archived copy" (PDF). Archived from the original (PDF) on 2013-03-09. Retrieved 2012-02-21.
{{cite web}}: CS1 maint: archived copy as title (link) - ^ "Iran to sell 80pc of Bank Mellat". Dawn. Karachi. AFP. 11 December 2007. Retrieved 30 August 2019.