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Bank Mellat is a private Iranian bank. It was established in 1980 through the merger of several banks and is one of the largest banks in the Islamic Republic of Iran. A privatization process began in 2007 by decision of the Iranian government.

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TMSF takes over management of Bank Mellat

TMSF announced that it has taken over the management and supervision of Iran-based Bank Mellat, whose operating license BDDK revoked on September 19. After insured deposits are paid, bankruptcy will be sought from the court.

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Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Economy

Fatih Erbakan reacts to banking regulator BDDK's Bank Mellat decision

New Welfare Party Chairman Fatih Erbakan criticized the banking regulator BDDK's decision dated 18 September 2026 revoking the operating license of Iran-based Bank Mellat's Istanbul branch; he claimed the decision was taken at the US's request, arguing trade with Iran would become more difficult and fertilizer costs would increase.

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Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Politics

Banking regulator BDDK revokes Bank Mellat's Istanbul branch operating license

Under a decision dated September 18, the banking regulator BDDK revoked the operating license of the Istanbul Türkiye Central Branch of Iran-based Bank Mellat, under paragraph (b) of the first clause of Article 71 of the Banking Law. The decision was published in the Official Gazette.

Economy

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