Persia International Bank

Persia International Bank

Persia International Bank was founded in London in 2002. The company was formed after the merger of its joint shareholders Bank Mellat and Bank Tejarat. The bank is not an Iranian bank operating in the UK; rather, it is a UK bank with Iranian shareholders. Bank Mellat is the majority shareholder, and Persia International is a subsidiary of that bank.

Reviews Rating
50%
Review Score
This figure is an average of the reviews score, taken from customer reviews and the overall rating of the bank.
50%
BankRank® Score
This figure is the average of the bank’s total sentiment score and the review scores.
Disclaimer
While we are independent, we might receive commission if you choose to click on certain links on our website.
CompareBanks
CompareBanks Expert
CompareBanks
Hello! We're CompareBanks and helping the UK to compare banks is our main mission. We're here to help whenever you're on the search for a new bank. Compare the market with in-depth and impartial reviews. Read opinions on bank accounts from people just like you. Not only do we compare banks, we also let you review and rate them to help others with your bank experiences. You can trust us to get you on the right track with the best bank for you.
Read More

Overview

First Glance

Persia International Bank was founded in London in 2002. The company was formed after the merger of its joint shareholders Bank Mellat and Bank Tejarat. The bank is not an Iranian bank operating in the UK; rather, it is a UK bank with Iranian shareholders. Bank Mellat is the majority shareholder, and Persia International is a subsidiary of that bank.

Contact Info

Address
6 Lothbury, London EC2R 7HH, UK
Phone
020 7606 8521

About Persia International Bank

Persia International Bank was founded in London in 2002. The company was formed after the merger of its joint shareholders Bank Mellat and Bank Tejarat. The bank is not an Iranian bank operating in the UK; rather, it is a UK bank with Iranian shareholders. Bank Mellat is the majority shareholder, and Persia International is a subsidiary of that bank.

The bank has not been without controversy and was named in a 2008 United States Treasury watchlist of Iranian banks potentially trading in violation of the UN Security Council. The bank was also sanctioned by the European Union for supporting Iranian nuclear and missile programmes; it was determined that governments of the EU had not properly or correctly assessed the evidence.

Persia International Bank has a single international branch, based in Dubai, and is represented by its shareholder banks in Iran.

Persia International Bank Products and Services

Persia International is a small bank but aims to provide a wide range of products and services to both corporate and individual customers. It is the bank’s stated goal to have the product range of a large bank and the customer service ethos of a small one.

For corporate clients, Persia International offers project finance, money transfers, overdrafts, foreign exchange, current accounts, deposit accounts, and loans. The bank also has a portfolio of trade finance products, including letters of credit (advisory, amendment and discounting of usance), checking of documents, documentary collections, letters of guarantee, assigning of proceeds to third parties and acting as the reimbursement bank under letters of credit.

Personal banking customers can open current, savings and deposit accounts. They can also take advantage of Persia International’s money transfer and foreign exchange services.

Persia International Bank Security

Persia International Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority.

Persia International Bank Contact Details

6 Lothbury
London
EC2R 7HH

Telephone: 020 7606 8521

Email: [email protected]

Have a question about Persia International Bank?

Find answers in Q&As and ask your question

No questions yet. Be the first to ask one!

Persia International Bank Reviews

No reviews yet. Be the first to write one