The National Bank of Iran (Persian: Bank Milli Iran) is the first national bank in Iran. It was established in 1927 by a decision of the Iranian parliament, and it is still considered one of the largest Iranian banks. In 2016, annual revenue reached 364.657 billion riyals and ranked as the largest Iranian company. This bank was the largest bank in the Islamic world and the Middle East before the merger of Iranian military banks into Bank Sepah. By the end of fiscal year 2016, the National Bank of Iran ranked as the largest bank in Iran in terms of assets with a value of $76.6 billion and a wide network of 3,328 bank branches. In 2013, the National Bank of Iran brand was ranked as one of the hundred best brands in Iran at the 10th National Festival of Iranian Industry Champions. The bank has 3328 active branches at home, 14 active branches and 4 overseas subsidiaries. German Dr. Kurt Lindenblatt was the first CEO of the National Bank of Iran, and the bank's first representative office abroad was established in 1948 in Hamburg. date The bank's logo at the time of establishment (a picture of Shahryar and Sher) and after the Iranian revolution in 1978 (with the official logo of the Islamic Republic) Muhammad Hassan Amin al-Zarb, one of the great money changers of Tehran, proposed the formation of a new bank for the first time to Nasir al-Din al-Qajari in 1879 AD, and that was ten years before the establishment of the Royal Bank. But this proposal was not accepted due to the interference of the countries that dominated Iran and their clients and the Royal Bank of Iran was established instead. After the establishment of the constitution, on November 14, 1879, Mirza Abul Qasim Nasir al-Mulk, Minister of Finance of Muzaffar al-Din Shah, appeared in the National Assembly and informed of the bad financial situation of the country and suggested that the government borrow externally to solve this problem, which aroused patriotic sentiments that had been damaged by previous loans. behavior of foreign banks. Therefore, the deputies demanded the establishment of the National Bank to limit the political and economic influence of these banks and to recover treasury funds while opposing external borrowing. A group of merchants and sellers committed to subscribing to the bank. Thus, a manifesto showing public sentiment and popular interest in the establishment of a National Credit Bank of Iran was published in December 1906. After deliberation and follow-up on December 29 of the same year, the deputies agreed to establish a bank that would be profitable for the country, and work with the people’s deposits for the benefit of the country and the people. The public received the news of the formation of the National Bank with a capital of fifteen million, which could be increased to fifty million tomans, with joy, but the sudden changes in the political situation and the conclusion of the 1907 agreement between the governments of Russia and Britain and the division of Iran, as well as the beginning of the First World War and the arrival of the occupying forces in Iran. All efforts to establish the National Bank were thwarted, and the fulfillment of the great wish of the people was delayed for many years. After the end of World War I and the withdrawal of the invaders from Iran in March 1920 and a new regime prevailed and the country stabilized, the American Arthur Millspaugh summoned a financial advisor to regulate the financial situation of Iran, as he formulated the plan to establish the National Bank and proposed it to the government. According to this proposal, in 1926, a capital of fifteen million tomans was allocated for the establishment of the National Bank with the approval of the laws on the sale of government property and jewels. On May 14, 1927, Parliament approved the law establishing the National Bank of Iran. Initially, it was supposed to use American advisors to establish the bank, but after a few months, the government decided to use advisors from Germany or Switzerland, and amended the previous decision by decree on November 3, 1927. The Finance Committee in Parliament approved the bank's basic law on July 14, 1928, and so on The National Bank of Iran officially began its work in Tehran on Tuesday, September 20, 1928. National Bank of Iran building during the Reza Shah period The first CEO of the National Bank, Dr. Kurt Lindenblatt and his deputy, Vogel, came to Iran with seventy experts from Germany. Lindenblatt previously worked for the Bulgarian National Bank. In the summer of 1931, Reza Pahlavi became angry with the Minister of the Court Teymourtash and tried him on financial charges along with the CEO of the National Bank. Lindenblatt was dismissed from office and deported, while his deputy, Vogel, fled Iran
