
Turkish Regulator Revokes License of Iran's Melli Bank Branch
The Banking Regulation and Supervision Agency of Turkey (BDDK) has officially revoked the operating license of the Istanbul branch of Melli Bank, Iran's state-owned bank. The BDDK made this decision based on Article 71 of the Turkish Banking Law, citing threats to financial stability and depositors' rights. The branch had been operating in Turkey since 1982 but was effectively sidelined from SWIFT and the Turkish EFT system following U.S. sanctions. The revocation of the license marks the official end of the bank's operations in Turkey.5 sourcesSee all sources










