Turkiye Revokes Operating Licence of Iran's Bank Mellat in Istanbul
Turkish authorities have withdrawn the licence of the Istanbul branch of Iran's Bank Mellat, a lender long targeted by Western sanctions over alleged links to Tehran's nuclear programme, according to Al Jazeera.
Turkiye has revoked the operating licence of the Istanbul branch of Bank Mellat, an Iranian lender, Al Jazeera reported.
According to the report, Bank Mellat has faced years of sanctions imposed by Western governments over allegations that it maintained ties to Iran's nuclear programme.
Al Jazeera did not provide further details on the specific reasons cited by Turkish authorities for the revocation or on the timing of the decision.
It remains unclear how the move will affect Bank Mellat's other operations or its customers in Turkiye. Al Jazeera's report did not include comment from Turkish regulators, Bank Mellat or Iranian officials.
This article will be updated as more information becomes available.
Sources
- Turkiye revokes operating licence of Iran’s Bank Mellat in Istanbul — Al Jazeera — All
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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