️🇮🇷🇹🇷 NTV: Turkey's Banking Supervision and Supervision Agency (BDDK) revoked the operating license of the Istanbul branch of Iran's Malat Bank, according to a decision dated September 18 and published in the Official Gazette of Turkey on September 19.

️🇮🇷🇹🇷 NTV: Turkey's Banking Supervision and Supervision Agency (BDDK) revoked the operating license of the Istanbul branch of Iran's Malat Bank, according to a decision dated September 18 and published in the Official Gazette of Turkey on September 19.

The decision concerns the central branch of Istanbul Turkey of Bank Melat and was made within the framework of Article 71 of the Banking Law of Turkey. The provision cited in the decision concerns situations where it is found that ongoing activity poses a risk to depositors' rights or to the trust and stability of the financial system.

Bank Malat has been operating in Turkey since 1982 and describes its activities in Turkey as supporting trade and joint projects between Iran and Turkey. The bank's website identifies the Banking Regulation and Supervision Authority as its supervisory authority.