Bank Mellat

Bank Mellat stands as a pillar within Iran's financial landscape, operating under the name People's Bank. Founded in 1980, this institution emerged from the merger of ten private banks that existed before the 1979 revolution, combining entities like Tehran, Dariush, and Pars into a single powerful force. The initial capital stood at 33.5 billion Rials, a sum that grew significantly over the decades to reach 13,100 billion Rials. This growth secured its spot among the top 1000 banks globally and established it as one of the largest commercial lenders in the country.[edit]