Iran’s Bank Mellat records 45% to 59% growth in revenue and deposits

By bnm Tehran bureau September 11, 2025

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 simultaneous growth in facilities, revenue, and deposits indicates Bank Mellat's strategy of expanding banking services despite a retreating rial in recent months, attracting deposits and managing financial resources. 

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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