Bank Mellat

Mellat Bank

Type	Joint Stock
Industry	Financial services
Founded	1980
Headquarters	Tehran, Iran
Key people	Dr. Ali Divandari, Chairman
Employees	24,757 (2009)
Website	Official Site

Bank Mellat (بانك ملت in Persian, People's Bank) is a Private Iranian bank. Its name means "Bank of the Nation". Bank Mellat was established in 1980, with a paid of capital of Rials 33.5bn 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.

Currently, the bank's capital amounts to Rls 13,100bn and is one of the largest commercial banks in the Islamic Republic of Iran, ranking among the top 1000 banks of the world.

Bank Mellat's logo is derived from City National Bank of Florida (of CAJA MADRID Group).

The Bank Mellat London branch was merged with the Bank Tejarat branch to form Persia International Bank PLC. The United States Department of the Treasury has mentioned Bank Mellat and Persia International in their latest watchlist of Iranian Banks whom maybe trading in violation of UN Security Council Resolution 1803.^[1]

Notes

1. ^ "Iranian Banks". The United States department of the Treasury. http://www.fincen.gov/statutes_regs/guidance/html/fin-2008-a002.html. 

External links

• Official Website