Melli Bank is headquartered in London and Hong Kong. The company is a wholly owned subsidiary of Bank Melli Iran, which began operating in the UK in 1967. After establishing itself as the go-to for UK companies looking to trade in Iran, the new subsidiary was created in 2002. After opening its Hong Kong branch, the bank was able to expand into markets in China, Korea and Japan; these countries are some of Iran’s primary trading partners.
Melli Bank Products and Services
Melli Bank’s primary goal is to develop and facilitate trade relationships between Iran, the United Kingdom, Europe and the Far East. These services are provided to the bank’s customers and a network of international correspondent banks.
Melli offers a wide range of trade finance products, including:
Letters of guarantee
Letters of credit
Discounting of letters of credit
Refinancing under letters of credit
Structured trade finance
Corporate banking services are offered by a team with deep knowledge of both the Iranian and international markets and offer finance solutions including structured finance, customer financing, bilateral loans, export guarantee facilities, syndicated loans and customer accounts.
Melli Bank has more than 25 years of experience in money market and foreign exchange services, and a wide knowledge base of markets in Iran and internationally. This allows the Treasury team to provide bespoke services to customers looking to trade more efficiently with Iran. Available services include spot, forward and swap foreign exchange and money market facilities.
Melli Bank Security
In the UK, Melli Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and Prudential Regulation Authority. Eligible deposits of up to £85,000 are covered by the Financial Services Compensation Scheme (FSCS).