The German Financial Authority has issued an order for the liquidation and liquidation of the Hamburg branch of Iran Series Bank. This branch, which has been operating in Germany since 1962, lost its banking license in November 2025.

The German Financial Authority has issued an order for the liquidation and liquidation of the Hamburg branch of Iran Series Bank. This branch, which has been operating in Germany since 1962, lost its banking license in November 2025.

Reuters and Germany's Berliner newspaper reported on Thursday, October 22, that a court in Hamburg appointed a liquidation company to handle the branch's liquidation.

The body that supervises financial services in Germany, Baffin, announced that the reason for the cancellation of the license of Bank Series is the violation of the requirements of the law and the failure to correct regulatory deficiencies.

This is the latest action against an Iranian bank in Germany.

In September, the supervisory body for German financial services announced that Sepeh State Bank's branch in Frankfurt had gone bankrupt.

The Hamburg branch of Series Bank for Iran was active in the field of financing transactions related to Iran, and its services included transferring funds, opening letters of credit, providing loans and issuing guarantees.