Bank Mellat services in Turkey
The development and expansion of commercial exchanges and support of Iranian businessmen in order to improve the conditions of export and import of goods is one of the specified goals of Iranian banks in Turkey in order to increase participation in international markets.
Although the purpose of establishing branches of Iranian banks in Turkey (Mellat) abroad is to help Iranian businessmen in international monetary and financial exchanges, but due to the extensive sanctions against Iran, Bank Mellat is not able to transfer money from Iran to Turkey. . But there is hope that the bank’s branches in Turkey will become more active as international pressure subsides.
After the signing of the JCPOA, banking cooperation between Iranian banks in Turkey and the opposite country were quickly put on the agenda, and Bank Mellat managers announced that they would soon be ready to provide services to Iranians in Turkey. However, the suspension of bilateral banking cooperation happened again due to the failure to implement the JCPOA.
Bank Mellat branches in Turkey
Bank Mellat Iran has three branches in Turkey:
- Istanbul is located on Buyuk Dere Road, Bin Bir Cicek Street. The Swift code of this branch is BKMTTRIS.
- Mellat Bank Ankara is located in Kultur neighborhood and Dr. Madiha Al-Dem street and its SWIFT code is 100 BKMTTRIS.
- Izmir Bank Mellat branch is located at 88 Jomhory Boulevard and its Swift code is BKMTTRISX200.
Foreign branches of Bank Mellat:
- ankara
- Izmir
- Istanbul
- Seoul South Korea
- London
- Yerevan
- Dubai
- Malaysia
National Bank
Bank Melli services in Turkey
Bank Melli Iran, like other Iranian banks abroad, is currently unable to provide services and its activities depend on reducing international pressure and lifting international sanctions against Iran.
In 2018, a meeting between Mohammad Reza Hosseinzadeh, CEO of Bank Melli and Chairman of the Coordination Council of State-Owned Banks of Iran with Hossein Aydin, CEO Agriculture Bank and the head of the Turkish Banks Union in Tehran, the parties made initial agreements to create a common bank card between the two National Banks of Iran and Turkish Agriculture.
Mohammad Reza Hosseinzadeh, CEO of Bank Melli and Chairman of the Coordination Council of State-Owned Banks of Iran, said in a meeting with Hossein Aydin, CEO of Zaraat Bank and Chairman of the Turkish Banks Association in Tehran: Bank cards are to be used between the two countries.
The task of the banks is to make business more smooth for businessmen and economic actors, and we are glad that the Agriculture Bank of Turkey has announced its readiness in this regard.
She stated that the first opening of documentary credit (LC) was made by Bank Melli using the monetary pact-currency swap agreement with Turkey: The welcome of Iranian and Turkish traders in this field has been very appropriate.
In addition, bank cards are to be used between the two countries. Every year, a large number of tourists from Iran and Turkey travel to the two countries, and the use of these cards can boost the tourism industry.
During the meeting, Hossein Aydin, CEO of Ziraat Bank and President of the Turkish Banks Association, said that relations between Turkey and Iran are now at a good level. “Using shared bank cards can help the two countries exchange currency and boost trade.”
The CEO of the Bank of Turkey Agriculture also stressed the bank’s full readiness to expand cooperation with the National Bank of Iran and agreed to form technical committees to follow up on matters in both banks.
Although the bank card has not yet been issued, with the end of Donald Trump’s US presidency, which has put maximum pressure on Iran, hopes for an opening in international sanctions and the resumption of bilateral banking relations have increased. There is a plan to implement this.
Bank Melli branches in Turkey
The Melli Bank branch in Turkey is located in Istanbul, on Fateh Road.
Foreign branches of Bank Melli Iran are also:
- Cities of London
- Düsseldorf, Frankfurt, Hamburg and Munich in Germany
- Paris
- Hong Kong
- Tokyo
- Los Angeles and New York in America
- Moscow
- Cairo
- Dubai
- Abu Dhabi
- Fujairah
- Ras al-Khaimah
- Al Ain and Sharjah UAE
- Baku
- Manama and Muharraq Bahrain
- Muscat Oman
Other Iranian banks in Turkey
Ayandeh Bank claims that within the framework of the law and by obtaining accurate information from customers, as well as determining the origin of funds, it transfers funds to Iranians in Canada and Turkey. For this purpose, it transfers customers’ funds from future exchange offices to the bank and uses the bank’s exchange office for Iranian financial transfers.
Of course, banks that do not have foreign branches or have fewer branches than the mentioned banks will also face profitability growth in the post-sanctions period with the prosperity and development of business and the improvement of macroeconomic conditions. The banks of Pasargad, Sina and the Middle East will have a clear outlook in the coming period with suitable basic conditions.
Other Iranian banks abroad
More than 50 branches of Iranian commercial banks are operating abroad, which will expand their activities after the lifting of sanctions and will be accompanied by more prosperity and income.
Saderat, Melli, Sepah, Mellat, Trade and Foreign Investment Banks of Iran have the highest capacity to increase Iran’s international, commercial and banking exchanges with countries in the world, respectively, and as a result are expected to earn the most profit and income.
از آنجا که بانک‌های صادرات، ملت و تجارت جزو بانک‌های خصوصی‌شده هستند در نتیجه از مدیریت، کارآمدی و آزادی عمل بیشتری نسبت به بانک های کاملاً دولتی برخوردارند و در نتیجه انتظار می‌رود که سود و درآمد و عملکرد بهتری نیز داشته باشند و متناسب با آن سهام این بانک‌ها نیز از جذابیت بیشتری در بورس اوراق بهادار برخوردار خواهد شد.
Among Iranian banks, Bank Saderat has the largest number of foreign branches with 23 branches abroad, which shows the high potential of this bank in taking advantage of the existing opportunity and increasing its profitability.
Bank Saderat Iran branches abroad are:
- Abu Dhabi
- Dubai
- Sharjah
- Fujairah in the UAE
- Turkmenistan
- تاشکند
- Athens
- Manama Bahrain Future Bank
- Beirut
- Cairo
- Doha Qatar
- Frankfurt and Hamburg Germany
- plc london
- Los Angeles and New York USA
- Muscat Oman
- Paris
- Arian Bank Afghanistan
- Dubai (Regional Office)
- On Dubai
- دبی (شعبه اصلی)
- Market Guide
- El-Ayn
- Sheikh Zayed
- Acman
- Beirut (Regional Office)
- Alobairi
- Sayda
- Baalbek
- Al-Barajneh Tower, Ashgabat
Al-Barajneh Tower, Ashgabat
- Frankfurt
- London
- New York
- Paris
- RAM
- Milan
Foreign branches of Tejarat Bank:
Located in the cities of London, Paris and Dushanbe.
