Bank Melli Iran (BMI; Persian: بانک ملی ایران‎, lit. 'National Bank of Iran') is the first national and commercial retail bank of Iran. It is considered as the largest Iranian company in terms of annual income with a revenue of 364 657 billion Rials in 2016.[3] It is the largest bank in the Islamic world and in the Middle East.[3] By the end of 2016, BMI had a net asset of $76.6 billion and a vast network of 3.328 banking branches; so it is known as the largest Iranian bank based on the amount of assets. The brand of BMI was recognized as one of the 100 top Iranian brands in 10th National Iranian Heroes Championship in 2013.[4] The National Bank has 3328 active branches inside, 14 active branches and 4 sub-stations abroad and it has 180 booths.[5] The first managing director of BMI was Kurt Lindenblatt from Germany. Also, the first foreign branch of BMI was opened in Hamburg, Germany in 1948.