Persia International Bank plc commenced trading in London on 29 April 2002, following the merger of the London branches of Bank Mellat

Bank Mellat

Bank Mellat is a Private Iranian bank. Its name means "Bank of the Nation". Bank Mellat was established in 1980, with a paid of capital of Rials 33.5bn as a merger of ten pre-revolution private banks comprising: Tehran, Dariush, Pars, Etebarat Taavoni & Tozie, Iran & Arab, Bein-al-melalie-Iran,...

 and Bank Tejarat, which are joint shareholders in Persia International Bank.
There is also a branch office now open in Dubai. The United States Department of the Treasury

United States Department of the Treasury

The Department of the Treasury is an executive department and the treasury of the United States federal government. It was established by an Act of Congress in 1789 to manage government revenue...

 has mentioned Persia International in their latest watchlist of Iranian banks which may be trading in violation of UN Security Council Resolution 1803

UN Security Council Resolution 1803

UN Security Council Resolution 1803 was adopted on March 3, 2008, by a vote of 14-0-1, with Indonesia as the only abstention. The Security Council of the United Nations, acting pursuant to Article 41 of Chapter VII of the U.N. Charter, required Iran to cease and desist from any and all uranium...

. As of 7 November 2008, British banks suspended indefinitely all banking transactions with Persia International.