In 1967 our parent company, Bank Melli Iran, opened branches in London and established itself as the expert in trade financing for UK organisations wishing to work with Iran. In January 2002, after 35 years of successful operations, business was transferred into the newly created Melli Bank Plc, a wholly owned subsidiary of Bank Melli Iran.
In just 5 years the bank’s initial capitalisation of U$ 300 million has been grown to over U$ 3.5 billion of assets.
The strong relationship with our parent company enables us to benefit from its vast domestic and international network, yet at the same time our independent Board of Directors has the flexibility needed to operate successfully in the fast moving and highly competitive world of international banking.
Building further on success is our objective, and as part of our ongoing strategic development plans, we have recently opened a branch in Hong Kong, extending our reach directly into the Far Eastern markets of China, South Korea and Japan, all of whom are amongst Iran’s leading trading partners.
Melli Bank is licensed and regulated by the Financial Services Authority, and conforms to all UK accounting standards and disclosure requirements. |
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