Iran’s Bank Mellat records 45% to 59% growth in revenue and deposits
Bank Mellat achieved record growth of 42% to 59% in key performance indicators during the first five months of 2025, setting new records in Iran's banking system, Banker reported on September 7.
The bank's outstanding loans reached IRR25,967,508bn ($61.8bn) by the end of August, compared to IRR16,307,460bn ($38.8bn) in the same period last year, representing 59.2% growth.
Foreign currency facilities dominated with IRR14,280,372bn ($34bn), followed by murabaha facilities at IRR5,575,612bn ($13.3bn) and qard al-hasanah facilities at IRR1,829,669bn ($4.4bn).
Bank Mellat recorded over IRR1,082,957bn ($2.6bn) in revenue during the first five months, representing 42.2% growth compared to the previous year's IRR761,812bn ($1.8bn).
Revenue from loan facilities increased 47.8% to IRR899,365bn ($2.1bn), whilst this figure stood at IRR608,563bn ($1.4bn) at the end of August last year.
The bank generated revenue from various sources, including fees at IRR138,548bn ($330mn), debt securities at IRR28,878bn ($69mn), deposits at IRR15,318bn ($36mn), and investments at IRR849bn ($2mn).
Revenue from facilities was led by murabaha facilities at IRR418,998bn ($997mn), foreign currency facilities at IRR139,974bn ($333mn), and civil partnership facilities at IRR97,756bn ($233mn).
Investment deposits reached IRR15,877,527bn ($37.8bn) by the end of August, showing 45.6% growth compared to IRR10,901,981bn ($26bn) in August last year.
Current rial deposits totalled IRR3,767,021bn ($9bn), whilst one-year long-term deposits reached IRR2,918,913bn ($6.9bn) and three-year long-term deposits stood at IRR2,610,830bn ($6.2bn).
The bank paid IRR602,198bn ($1.4bn) in profit to investment deposits during the first five months.
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