The Iranian parliament approved the law to establish the bank
On September 8th, 1928, the bank commences its business operations as Banque Nationale de Perse and became very soon the country’s leading commercial bank.
Dr. Kurt Lindenblatt, a German national, was appointed managing director
Parliament granted sole powers to the bank to issue banknotes. The agricultural section of the bank was separated into Banque Agricole et Industrielle de l’Iran
The mortgage section of the bank was separated into an independent bank under the name of Bank Rahni Iran
The bank name was changed to Bank Melli Iran
With the approval of the first Iranian finance and banking law, Bank Melli Iran also assumed the role of the central bank
When the Monetary and Banking Statute of Iran was approved by parliament, Bank Melli Iran’s duties as central bank were transferred to Bank Markazi.
Bank Melli Iran opened the first international branch in Hamburg
Establishment of a branch in London
The Hamburg Branch moved to its current premises at Holzbrücke 2
The London Branch became a subsidiary
Founding of Mir Business Bank in Moscow
Establishment of Arian Bank in Kabul in collaboration with Bank Saderat Iran
Establishment of a branch in Hong Kong