Parsian Bank held the founders’ assembly in July 2001 by virtue of the Act for Establishment of Non-Governmental Banks ratified in April 2000, and on the strength of the provisions of article 98 of the law for the Third Plan of Economic, Social and Cultural Development Program of the I.R. of Iran, approved by the Monetary and Credit Council at its 948th session held on December 11, 2000. By virtue of the letter No.H/2348 dated September 17, 2001, Parsian Bank obtained business permission from the Central Bank of the I.R. of Iran, having fulfilled all formalities and officially registered under No. 178028 on September 6, 2001 with the Tehran Registration Office for Companies and Non-Commercial Institutes. Parsian Bank’s opened for business in March 2002 upon concurrent inauguration of four branches.
