By virtue of the resolution dated 20/12/1980 of the Banks General Meeting and according to the article 17 of Banks Affairs Administration, Bank Mellat was established out of merger of ten private banks and was registered under No. 38077 in the companies’ registry office on 22nd, July 1980.Upon notification of policies of article 44 of the constitution and inclusion of Bank Mellat in the companies subject to the mentioned article list, and on the strength of resolution No. 37925T/68985 dated 24/7/2007 of the esteemed Board of Ministers, and decision made in Extraordinary General Meeting of banks on 06/04/2008, the legal entity of Bank Mellat changed to “public joint stock”. In this line, Bank Mellat was listed in Tehran Stock Exchange as 448th listed company on 11/02/2009 in the banks, credit institutions and other monetary institutions section, and 5% of its shares was offered in the stock exchange to determine its value on 19th of Feb. 2009. Continue