On Thursday, October 22, Baffin, Germany's banking supervision department, announced that it revoked the operating license of the Iranian bank Saderat, Hamburg branch.

On Thursday, October 22, Baffin, Germany's banking supervision department, announced that it revoked the operating license of the Iranian bank Saderat, Hamburg branch.

According to the Reuters news agency, this action by the German government became the media after a court in the city of Hamburg appointed representatives to liquidate and liquidate this bank.

Now this branch of Bank Seriya, with 13 employees and more than 62 million euros of assets, joins banks in Mali and Malta abroad, which have already lost their activity license.

🔸 Baffin's announcement in Khoroshani said: "This institution [Serima Bank] is no longer allowed to carry out banking matters."

🔸 The pressure on the financial institutions under the supervision of the Iranian government increased after the US Treasury Department began an operation known as "economic exclusion" of the Islamic Republic later in the war.