World3h ago
Turkiye revokes operating license of Iran’s Mellat Bank amid US measures
ANKARA: Turkiye’s BDDK banking watchdog revoked the operating license of Iranian lender Mellat Bank’s branch in Istanbul, according to a notice published in the Official Gazette on Saturday, as the US presses other countries to increase economic pressure on Tehran. “It has been decided to revoke the operating license of Bank Mellat, Head Office in Tehran, Istanbul Turkiye Central Branch,” the notice said, without citing the US measures or any operational issues. It said the decision
This story was originally reported by Arab News. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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