Parsian Bank led earnings among private lenders in the year ending March 2014, for the sixth consecutive time, according to the Industrial Management Institute.
The Tehran-based bank came third in earnings among Iranian commercial banks. It also took the ninth place among Iran’s top 100 companies.
Parsian Bank is a major Iranian private bank, founded in February 2002. The lender now has 288 branches across Iran, 159 of which are in Tehran. Its shares were offered in the Tehran Stock Exchange in 2004. In addition to traditional banking services, Parsian also offers diversified services such as insurance and car rentals.
Mellat Takes Top Spot
According to the IMI, Bank Mellat ranked first among Iranian lenders in the year, holding 1.39 quadrillion rials ($40.6 billion at market rate) in assets. The bank also came sixth in sales and took the fifth spot in terms of generating added value on the IMI100 list.
Mellat is a private Iranian bank, established in 1980, as a merger of ten pre-Revolution private banks. It is one of the largest commercial banks in Iran, ranking among the top 1,000 banks of the world.
IMI publishes the IMI100 company rankings, using Fortune 500 criteria, on an annual basis.
