BNY Mellon, a privately owned company headquartered in New York City, US, was founded in 1784 and employs approximately 47,420 individuals, specializing in financial services. BNY Mellon, formally known as The Bank of New York Mellon Corporation, was formed in 2007 through the merger of The Bank of New York and Mellon Financial Corporation.
On May 1, 2026, the president of the National Bank of Georgia (NBG), Natia Turnava, met with Sergey Kotov, BNY Mellon's managing director for Eastern Europe and Eurasia, to discuss cooperation. Earlier the same day, Bank of New York Mellon (BNY) warned that the USD/JPY outlook is heavily influenced by intervention risk and fluctuating oil prices, noting persistent pressure on the Japanese yen due to rising global energy costs and close monitoring by Japan’s Ministry of Finance. This followed BNY Mellon's report of its first-quarter 2026 results, announcing revenue of $5.41 billion and diluted EPS of $2.24, marking a 12.9% year-over-year increase from $4.79 billion in the prior-year quarter, driven by core product lines and recurring services. Previously, BNY Mellon offloaded its Pittsburgh-based Transfer Agency to another company, impacting 20 employees.
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