Turkiye revokes operating licence of Iran’s Bank Mellat in Istanbul
- The Iranian lender has faced years of Western sanctions over alleged ties to Tehran’s nuclear programme.
- Turkiye’s banking watchdog has revoked the operating licence of Iranian lender Bank Mellat’s branch in the Turkish city of Istanbul.
- “It has been decided to revoke the operating licence of Bank Mellat, Head Office in Tehran, Istanbul Turkey Central Branch,” read the decision by the Banking Regulation and Supervision Agency (BDDK), published in the Official Gazette on Saturday.
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- The Iranian lender has faced years of Western sanctions over alleged ties to Tehran’s nuclear programme.
- Turkiye’s banking watchdog has revoked the operating licence of Iranian lender Bank Mellat’s branch in the Turkish city of Istanbul.
- “It has been decided to revoke the operating licence of Bank Mellat, Head Office in Tehran, Istanbul Turkey Central Branch,” read the decision by the Banking Regulation and Supervision Agency (BDDK), published in the Official Gazette on Saturday.
Sources: Al Jazeera