BDDK revokes operating license of Iran-based Bank Mellat
Under a decision dated September 18 published in the Official Gazette, the operating license of Bank Mellat's Istanbul Türkiye Central Branch was revoked under Article 71/1-b of the Banking Law; according to DW and Euronews, the justification cited a threat to depositors' rights and the trust and stability of the financial system.
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Story thread
- BDDK revokes operating license of Bank Mellat's Istanbul branch With an 18 September decision by banking regulator BDDK, the operating license of Iran-based Bank Mellat's Istanbul Türkiye Main Branch was revoked under Article 71 of the Banking Law; the decision was published in the Official Gazette. New Welfare Party leader Fatih Erbakan criticized it.
- BDDK revokes operating license of Iran-based Bank Mellat Under a decision dated September 18 published in the Official Gazette, the operating license of Bank Mellat's Istanbul Türkiye Central Branch was revoked under Article 71/1-b of the Banking Law; according to DW and Euronews, the justification cited a threat to depositors' rights and the trust and stability of the financial system.