Bank Mellat, a cornerstone in the banking sector of the Islamic Republic of Iran, was established on 22nd July 1980, marking a significant milestone in the industry through the merger of 10 private banks. This transformative genesis was set forth by the enactment approval dated 20th December 1980 and article 17 of the Banks Affairs Administration Law. With a forward-thinking approach, Bank Mellat evolved into a public joint stock company, a pivotal change ratified by the Board of Ministers in July 2007 and the Extraordinary General Assembly of banks in April 2008.

Entering the Tehran Stock Exchange as the 448th listed company on 11th February 2009, Bank Mellat demonstrated its robust financial stature by offering 5% of its equities on 19th February 2009. Today, the bank boasts a capital of IRR 353.000.000 bn, underscoring its position as one of the largest commercial banks in Iran. Furthermore, its acclaim extends globally, with a prestigious ranking among the top 1000 banks worldwide by the Bankers.