Bank Mellat

Key details

• Parent: assets

Overview

Bank Mellat is Iranian commercial bank + Iranian government Ministry of Economic Affairs and Finance + Iranian Social Security Organisation + Justice Shares Plan ~70%+ aggregate ownership + one of Iran's largest commercial banks by assets + founded Sep 24 1980 in Tehran Iran via consolidation of 10 pre-Revolution Iranian commercial banks [1, ir-cro].

History

Sep 24 1980 — Bank Mellat founded in Tehran Iran via consolidation of 10 pre-Revolution Iranian commercial banks post-Iranian Revolution banking nationalisation distinctive Iranian banking heritage as post-Revolutionary consolidated commercial bank.

2009 — Bank Mellat TSE listing as part of Iranian Justice Shares Plan partial privatisation.

2014 — Bank Mellat Mobile banking app launch.

Ownership & operator

Operating entity: Bank Mellat (Iranian commercial bank).

Major shareholders: Iranian government Ministry of Economic Affairs and Finance + Iranian Social Security Organisation + Justice Shares Plan ~70%+ aggregate ownership + Iranian retail + institutional investors free float.

Regulators: Central Bank of Iran CBI Bank Markazi Jomhouri Islami Iran.

Technical integration

Bank Mellat Mobile app (Android primary; iOS limited due to US sanctions on Apple App Store distribution in Iran) + bankmellat.ir online + Bank Mellat branch network across Iran + Armenia + South Korea + Turkey international branches + Mellat Shetab cards (Iranian national card scheme); Shetab Iranian national interbank payment processing system + Shaparak QR Iranian national QR payment scheme + Iranian Rial IRR domestic transfers.

Implementations & partners

Major Iranian banking + payments competitors: [[melli-iran]] (Bank Melli Iran BMI; Iranian state-owned commercial bank; Iran's largest commercial bank by assets + branches) + [[saderat-iran]] (Bank Saderat Iran BSI; Iranian commercial bank) + [[tejarat-iran]] (Bank Tejarat; Iranian state-owned commercial bank) + [[parsian-iran]] (Parsian Bank; Iranian private commercial bank) + [[pasargad-iran]] (Bank Pasargad; Iranian private commercial bank).

Regulators: Central Bank of Iran CBI Bank Markazi Jomhouri Islami Iran.

Status

Active, Iranian commercial bank + Iranian government Ministry of Economic Affairs and Finance + Iranian Social Security Organisation + Justice Shares Plan ~70%+ aggregate ownership + one of Iran's largest commercial banks by assets + founded Sep 24 1980 in Tehran Iran via consolidation of 10 pre-Revolution Iranian commercial banks [1, 2].

Sources

• 1 Mellat — official
• 2 Mellat — Wikipedia
• ir-cro In-corpus: reports/countries/IR-iran.md

Source

Biography extracted from mellat-iran.md. See matrix.md for standards-support matrix if present.