Turkey revokes license from Iranian bank Mellat
The Turkish Banking Regulatory and Supervision Agency (BDDK) has revoked the license of the Iranian bank Mellat, as well as its Istanbul branch. The decision is published on the website of the regulator.
The Turkish Banking Regulatory and Supervision Agency (BDDK) has revoked the license of the Iranian bank Mellat, as well as its Istanbul branch. The decision is published on the website of the regulator.
The decision was made on the basis of article 71 of the law on the activities of banks. It allows you to revoke or revoke the license of the bank if its further activities pose a risk to depositors or the financial system of the country.
The decision comes at a time when the United States is urging other countries to increase economic pressure on Iran. On the eve of the American President Donald trump signed a law extending sanctions against Tehran until 2031.
