Iran is privatizing banks
Iran plans to offer 5 % of Bank Mellat to private investors to study the demand and interest from buyers. Bank Mellat, Iran's second-largest bank after state-owned Bank Melli, is estimated to have a share of around 15 % of the country's banking industry.
It is said two other state banks - Tejarat and Saderat - were next in line to be partly sold off.
Syndicate
