WorldTürkiye revokes Bank Mellat’s Istanbul operating licence

Türkiye’s banking regulator has revoked the Istanbul branch licence of Iranian lender Bank Mellat. The decision cited legal provisions covering risks to depositors or financial-system stability. The bank has faced years of Western sanctions over alleged links to Iran’s nuclear programme and the Islamic Revolutionary Guard Corps.

TürkiyeBank Mellatbanking regulationIran sanctions

AAl Jazeera★★★☆☆2026-09-19 08:18Original