From Wikipedia, the free encyclopedia
Bank Mellat is a state-owned commercial Iranian bank. Its name means "Bank of the Nation". Introduction as read on the English section of the official website (http://www.bankmellat.ir/English/INDEX-E.HTM):
- Bank Mellat was established on 30/04/1980 by virtue of the resolution dated 20/11/1979 adopted by the General Assembly of Banks and pursuant to the provision of article 17 of the Bill on administering the Banks, with a paid of capital of Rls 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.
