Iran's Bank Melli sees significant growth in successful Shetab system transactions

By bnm Tehran bureau April 29, 2025

The number of Shetab transactions from the beginning of Farvardin to Esfand 1403 reached a record of more than 19bn transactions, showing significant and remarkable growth compared to 1402, Bank Melli Iran Public Relations reported on April 29.

During the 12 months of last year and the final days of the year, Bank Melli's Shetab system hosted a very large volume of transactions across the country, with money transfers showing remarkable growth, especially during the final days of the year and on the eve of Nowruz.

According to available statistics, last year the number of Shetab transactions recorded 19bn, 73mn and 529,000, which shows a 3% growth compared to the number of Shetab transactions in 1402.

Notably, in Esfand of last year alone, the number of 1.7bn transactions were processed under the Shetab system at Bank Melli.

Related Articles

First Russian bank branch to open in Iran as Mir Business Bank

The Central Bank of Iran has issued a permit for the opening of the first Russian bank branch in the country, Donyaye Eqtesad reported on May 16. Mir Business Bank, a Russian bank partly ... more

Iran's Expediency Council conditionally approves Palermo Convention

Iran's Expediency Council has conditionally approved the country's accession to the Palermo Convention, according to the Council's spokesperson, Hamshahri reported on May 14. According to the ... more

Iranian methanol exports to China under threat

Iran’s methanol exports to China are under threat following warnings from the US of yet more sanctions on Iranian oil and petrochemical buyers amid nuclear talks, according to Bloomberg. ... more

Dismiss