Bank Melli Iran

Overview

Bank Melli Iran (BMI) is Iranian state-owned commercial bank + Iranian government Ministry of Economic Affairs and Finance fully owned + Iran's largest commercial bank by assets + branches + founded May 17 1928 in Tehran Iran as Iran's first national commercial bank [1, ir-cro].

History

May 17 1928 — Bank Melli Iran BMI founded in Tehran Iran as Iran's first national commercial bank under Reza Shah Pahlavi-era Iranian state banking modernisation distinctive Iranian banking heritage as Iran's oldest commercial bank.

1979 — Bank Melli Iran nationalised post-Iranian Revolution under Islamic Republic of Iran banking nationalisation.

2014 — BMI Mobile banking app launch.

Ownership & operator

Operating entity: Bank Melli Iran BMI (Iranian state-owned commercial bank).

Major shareholders: Iranian government via Ministry of Economic Affairs and Finance fully owned.

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

Technical integration

BMI Mobile app (Android primary; iOS limited due to US sanctions on Apple App Store distribution in Iran) + bmi.ir online + Bank Melli Iran branch network across Iran + Iraq + UAE + Oman + Afghanistan + Russia + France + Germany + UK + Azerbaijan + Tajikistan + Turkmenistan + BMI Shetab cards (Iranian national card scheme; not Visa/Mastercard due to US sanctions); 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: [[saderat-iran]] (Bank Saderat Iran; Iranian state-owned commercial bank) + [[mellat-iran]] (Bank Mellat; Iranian state-owned 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 state-owned commercial bank + Iranian government Ministry of Economic Affairs and Finance fully owned + Iran's largest commercial bank by assets + branches + founded May 17 1928 in Tehran Iran as Iran's first national commercial bank [1, 2].

Sources

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

Source

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