Privatized Banks Top IMI’s Ranking List

The Industrial Management Institute has placed three privatized lenders atop its list of the largest domestic banks in fiscal year 2019-2020. 
The organization released the latest list of its 500 largest firms last week, gauging them on the basis of revenue generated in the year before.
As per the ranking, Bank Mellat was the largest bank, and fourth largest company. Mellat's total sales (services) amounted to 435 trillion rials ($3.3 billion) during the studied period. Bank Saderat Iran and Bank Tejarat were next with 247 trillion rials ($1.9 billion) and 219 trillion rials ($1.7 billion), respectively.