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  Important Announcements

Important Announcement In relation To Sanctions

Melli Bank plc to resume its commercial banking operations

Melli Bank plc and its parent company Bank Melli Iran were removed from the list of sanctions on 16 January 2016 As a result, Melli Bank has been given regulatory go-ahead to resume its commercial banking operations in the UK and the EU.

Notes and further Guidance can be found here:

Welcome to Melli Bank plc

Melli Bank plc is a UK incorporated bank, licensed and authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority and conforms to all UK accounting standards and disclosure requirements. It is a wholly owned subsidiary of Bank Melli Iran, the largest bank in Iran which had a presence in London since 1967. Melli Bank plc acquired the assets of these branches upon commencement of its operations in January 2002.

Whilst retaining operational autonomy, flexibility and adaptability to respond to the rapidly changing customer demand and the challenges of a highly competitive and innovative banking market under direction of its independent Board, the Bank continues to benefit from the extensive infrastructure and widespread network of domestic and international branches owned by its parent in addition to access through its privileged position as a leading international bank in the economic and financial landscape of Iran.

As has been widely reported, the sanctions imposed upon the Bank were lifted on 16 January 2016. Consequently, the Bank is now taking the steps necessary to overcome the international challenges it faces to resume its banking operations so that it can once more offer a diversified portfolio of products and services to cater to the varying needs of its customers. The needs of the export business market are typically based around Letters of Credit and the Bank intends to provide all services in this regard i.e. advising, their confirmation, negotiation and payment and act as a reimbursing bank for other banks. The Bank will additionally offer Letter of Credit and Bill discounting services as well as issuing Bonds and Guarantees.

The Bank opened its first overseas branch in Hong Kong in April 2006 to cater to a client market in the Far East with strong trade links with the Iranian market. The Bank is currently in discussions with the Hong Kong monetary authorities to obtain permission for the resumption of its operations in Hong Kong.

The more complex needs of the Bank's large corporate clients will be met by arranging syndicated and bilateral loans and specialist financing such as capital asset financing by way of aviation and shipping loans.
98a Kensington High Street


Copyright © 2007 Melli Bank plc Incorporated in England.(Last Updated: 19/05/16)
Registration No. 4152338, Registered Office: 98a Kensington High Street, London W8 4SG, United Kingdom .
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