PayPing Competitors

Bank Mellat was established on 1979/12/20 by virtue of the resolution dated 1979/9/29 adopted by the General Assembly of Banks and pursuant to the provision of article 17 of the Bill on administering the Banks, with a paid up capital of Rls 33.5 bn as a merger of ten pre-revolution private banks comprising: Tehran, Dariush, Pars, Etebarat Taavoni& Tozie, Iran& Arab, Bein-al-melalie-Iran, Omran, Bimeh Iran, Tejarat Khareji Iran and Farhangian. Currently, the bank's capital amounts to Rls 40000 bn and is one of the largest commercial banks in the Islamic Republic of Iran, ranking among the top 1000 banks of the world.

As the first established Iranian bank, Bank Sepah started its operations on May 4, 1925. The Bank Articles of Association were fundamentally revised in 1926, thus enabling it to render financial and banking services for economic activities. Now, as one of the most influential Iranian financial institutions, Bank Sepah with 94 years of experience effectively contributes to achievement of the country’s macroeconomic goals through mobilizing the funds from depositors and allocating them to the productive sectors. With a paid-up capital of IRR 119,531,843 million, the Bank now is one of the six Iranian state banks (wholly owned by the Government of I.R. of Iran) which plays a significant role in the economic development of Iran, through providing services on both national and international bases, within the framework of its three-year Strategic Plan, taking full advantage of its 1766 domestic branches, the three overseas branches in Paris, Rome and Frankfurt and one wholly-owned subsidiary, Bank Sepah International plc, in London.

Parsian bank currently has 4,519 employees, 293 branches, 851 ATM machines and considerable diversified client base active in all economic sectors. Parsian bank duly enforces the customer due diligence and KYC regulatory requirements .Moreover in compliance with Basel committee standards, we have already established AML and compliance, Risk management and internal audit committees under direct supervision of the Board. Accordingly we are following AML rules and regulations in line with national AML law, Central bank regulations and international considerations like those of FATF.