Turkiye revokes Bank Mellat's Istanbul operating licence amid financial stability concerns
Turkiye has revoked the operating licence of Bank Mellat's central branch in Istanbul, according to a decision published in the country's Official Gazette. The move affects the Iranian lender's Istanbul operation and was announced by the Banking Regulation and Supervision Agency, known as the BDDK. The regulator said the branch's continued operation was judged to pose a risk to depositors' rights and to the security and stability of the financial system.The decision was published on Saturday and states that the licence of "Bank Mellat, Head Office in Tehran, Istanbul Turkey Central Branch" has been withdrawn. No operational problems were cited... [Continue Reading]
360LiveNews | 19 Sep 2026 09:59 LONDON
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