Iran declares one of its largest private banks bankrupt

added blog Economy - Finance

2025-10-25 14:18:14 - Translate

Iran declared one of the country’s largest private banks bankrupt, with its assets absorbed by the state, official media reports, in a rare move in the country grappling with international sanctions. Founded in 2012, Ayandeh Bank had a network of 270 branches across the country, including 150 in the capital Tehran alone. But it had more recently been crippled by debt, with accumulated...

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