Persia International Bank PLC commenced trading in London on 29 April 2002 following the merger of the London branches of Bank Mellat and Bank Tejarat. Each of these two banks have enjoyed a successful record in London, and other international financial markets, for over 30 years. Bank Mellat and Bank Tejarat are now the joint shareholders in Persia International Bank PLC holding 60% and 40% shares in the capital of the Bank respectively.