Bank Mellat
| 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$6.761 billion (2016) |
| Total assets | US$ 280 billion (2023) |
| 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 | Persia International Bank |
| Website | en |
Bank Mellat (Persian: بانک ملت, Bānk-e Mellat, lit. People's Bank) is a Governmental 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 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.
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.
The Bank Mellat London branch was merged with the Bank Tejarat branch to form Persia International Bank PLC.