May 28, 2018 4:27 AM ET

Banks

Company Overview of Bank Mellat

Company Overview

Bank Mellat provides commercial banking services in Iran. Its services comprise cash transfer between accounts, savings and current accounts, forex trading services, negotiable banknotes, foreign exchange facilities to finance circulating, mid-term finance loans with ECO, and short-term finance loans of ECO. The company also offers refinance, finance, Murabaha, foreign exchange reserve, letter of guarantee, documentary credits, special payment services, checks, rentable deposit boxes, Musaqa, Muzara’a, futures contracts, access cards, and core banking. It operates 1,774 branches in Iran and 5 branches in Turkey and South Korea. The company is headquartered in Tehran, Iran.

# 327, Taleghani Avenue

Tehran,  15817

Iran

Phone:

98 21 82961

Fax:

98 21 82962702

Key Executives for Bank Mellat

Bank Mellat does not have any Key Executives recorded.

Bank Mellat Key Developments

Iran Privatization Plans To Sells Stake In Tejarat, Saderat And Mellat

Iranian Privatization Organization plans to divest the remaining stake of the Bank Tejarat, Bank Saderat Iran and Bank Mellat and thereby make them completely private, an official with Iranian Privatization Organization told Financial Tribune.

Mellat To Sell Stake In Asia Insurance

Bank Mellat intends to sell 20% stake in Asia Insurance Company Limited (KASE:ASIC). Mellat Financial Group Co. (Public Js), the handler of the shares, has implemented preliminary measures for selling them and I hope the divestiture process goes as well as possible, Bank Mellats Chief Executive Officer was quoted as saying. "Bank Mellat has sold and ceded 350 surplus properties and projects in the first eight months of the current Iranian fiscal to November 2017," he said. The move is in line with the guidelines of President Hassan Rouhani and the strict order of Economy Minister Masoud Karbasian, as well as the directive of the Central Bank of Iran, which urges lenders to reduce their non-banking activities and reclaim their original roles as financial intermediaries.

Bank Mellat, Annual General Meeting, Sep 29, 2016

Bank Mellat, Annual General Meeting, Sep 29, 2016, at 07:30 Coordinated Universal Time.

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Recent Private Companies Transactions

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