Bank Mellat
Encyclopedia
Bank Mellat 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 bank
s 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
.
Currently, the bank's capital amounts to Rls 13,100bn and is one of the largest commercial bank
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
s 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
Persia International Bank PLC
Persia International Bank plc commenced trading in London on 29 April 2002, following the merger of the London branches of Bank Mellat and Bank Tejarat, which are joint shareholders in Persia International Bank. There is also a branch office now open in Dubai...
. The United States Department of the Treasury
United States Department of the Treasury
The Department of the Treasury is an executive department and the treasury of the United States federal government. It was established by an Act of Congress in 1789 to manage government revenue...
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
UN Security Council Resolution 1803
UN Security Council Resolution 1803 was adopted on March 3, 2008, by a vote of 14-0-1, with Indonesia as the only abstention. The Security Council of the United Nations, acting pursuant to Article 41 of Chapter VII of the U.N. Charter, required Iran to cease and desist from any and all uranium...
.