Bank Melli Iran

Bank Melli Iran (BMI, Persian: بانک ملی ایران‎, lit. National Bank of Iran) is the first national Iranian bank. The bank was established in 1927 by the order of the Majlis (the Iranian Parliament) and since then has consistently been one of the most influential Iranian banks.

In 1931 the Iranian Majlis authorized the bank to print and distribute the Iranian currency rial. BMI acted as the central bank of Iran until Bank Markazi was established in 1960, after which all of its central banking responsibilities were transferred to the new central bank. Over the past 80 years, BMI has grown to become a large retail bank with several domestic and international branches. BMI opened its first foreign branch in Hamburg, Germany in 1965.

BMI is now the largest commercial retail bank in Iran and in the Middle East with over 3300 branches and 43,000 employees. Bank Melli Iran has 18 international branches and services in 11 countries:

  • France (Paris)
  • Iraq (Baghdad)
  • Azerbaijan (Baku)
  • United Arab Emirates (Abu Dhabi - 4 branches and Dubai - 4 branches)
  • Oman (Muscat)
  • Bahrain (Manama)
  • Germany (Hamburg)
  • Afghanistan (Kabul)
  • Russia (Moscow)
  • United Kingdom (London)
  • Peoples Republic of China (Hong Kong)

Read more about Bank Melli IranOwnership, Islamic Banking, Financial Numbers and Statistics, Current CEO and Directors, Significant Buildings, Terrorist Bombing, Civil Lawsuit, United States Sanctions, UK, EU Sanctions

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... In modern banking, the British first opened the Imperial Bank of Persia in 1889, with offices in all major cities of Persia and India ... To compete with the British bank, Imperial Russia also opened the Russian Loan and Development Bank ... The first state owned Iranian bank, Bank Melli Iran was established in 1927 by the government of Iran ...

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