The Banking Regulation and Supervision Agency of Turkey has officially withdrawn the operating license for the Istanbul branch of the Iranian financial institution Mellat Bank. This regulatory action was announced in the nation's Official Gazette. While the formal notification did not explicitly link the decision to international geopolitical tensions, it cited legal provisions concerning the protection of depositor interests and the overall stability of the domestic financial sector. This development follows recent United States Treasury sanctions targeting specific Turkish financial entities. American officials have characterized these broader measures as focused on individual organizations rather than the Turkish banking system or the country as a whole. The revocation marks a significant shift in the operational status of the Iranian lender within Turkish borders.
Source : The National
Photo : The National
Aussi couvert par : Turkish Minute
